BRICS Nations Hold 17.4% of Global Gold Reserves as UBS Targets $5,200

BRICS gold reserves have gone up to more than 6,000 tonnes right now, which comes out to about 17.4% of total global gold reserves held by central banks, up from 11.2% back in 2019, according to EBC Financial Group. This also lines up with a more bullish gold price UBS outlook, and the bank’s gold price prediction 2027 has bullion reaching $5,200 an ounce by June. BRICS gold reserves are led, by quite a distance, by Russia and China, and the two together hold around 74% of the bloc’s total at the time of writing.

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BRICS Gold Reserves Rise as Gold Price Forecast Turns Bullish

The rise in BRICS nations gold reserves fits into a bigger shift away from the dollar in official portfolios, and it is happening right when gold itself is also getting repriced higher by some of the biggest banks out there, which only adds to how fast BRICS nations gold reserves have been growing.

Russia and China Lead the Accumulation

Russia holds 2,336 tonnes, the largest single stake in the bloc, and China is close behind with 2,298 tonnes, while India holds 880 tonnes, an EBC note shows. These BRICS nations gold reserves numbers add up fast: BRICS Plus members bought more than half of all the gold purchased by sovereigns worldwide between 2020 and 2024, and in the first nine months of 2025 alone the group added another 663 tonnes, worth close to $91 billion.

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