The BRICS countries contain more than 20% of the world’s gold reserves. This is reported by RIA Novosti based on data from the World Gold Council.
At the same time, as the agency reports, Russia and China have the largest reserves of the precious metal.
At the end of the second quarter of 2024, the total global volume of gold reserves amounted to 29.03 thousand tons. Of them, 6.2 thousand tons (21.4%) came from the BRICS countries, excluding Iran and Ethiopia, which did not disclose their data.
Among the countries of the association, Russia owns the largest amount of gold – 2.34 thousand tons. This is 8.1% of all world reserves and 37.6% of BRICS reserves. China has a little less: 2.26 thousand tons (7.8% of world reserves and 36.4% in the BRICS).
Less than 3% of the world’s gold reserves are held by the other members of the association: India, Saudi Arabia, Brazil, Egypt, South Africa and the United Arab Emirates. India’s reserves in the second quarter of this year reached 840.76 tons (share in the BRICS – 13.5%), Saudi Arabia’s reserves – 323 tons (5.2%), Brazil – 129.7 tons (2.1%), Egypt – 126.57 tons (2.03%), South Africa: 125.44 tons (2.02%) and United Arab Emirates: 74.5 tons (1.2%).
At the same time, among all countries in the world, the United States has the largest gold reserves – 8.1 thousand tons (almost a third of all world reserves). They are followed by Germany – 3.35 thousand tons (11.6%), Italy – 2.45 thousand tons (8.5%) and France – 2.44 thousand tons (8.4%).
Russia closes the top five.
