BRICS Gold Holdings Surge with China and India Discovering Record Mines

In 2025, BRICS nations, led by China and India, have significantly increased their gold reserves, marking a historic surge that now accounts for roughly 20% of global holdings. China’s discovery of a supergiant gold deposit in Hunan Province, estimated to hold over 1,000 metric tons, along with India’s undisclosed but substantial findings, have accelerated this trend and driven gold prices to record highs. This accumulation is part of a strategic effort by China to reduce reliance on the U.S. dollar amid escalating trade tensions and tariff wars with the U.S., aiming to create an alternative financial system possibly backed by gold. Additionally, China’s People’s Bank of China has invited foreign central banks to store gold in Shanghai, challenging London’s long-standing dominance in gold custody and signaling a shift in the global monetary order. Analysts note that central banks worldwide are increasing gold holdings as a diversification strategy, with China leading a broad-based demand surge that includes institutional and retail investors. This shift could potentially tip the balance of global financial power away from the dollar towards gold-backed assets within the BRICS bloc.