BRICS+ Nations Now Hold Over 6,000 Tons Of Gold

BRICS+ bloc nations would hold more than 6000 tons of gold, or 17.4% of official global reserves, according to an assessment by EBC Financial Group. China and Russia might concentrate about three-quarters of this stock. In a separate analysis, UBS projects the ounce to reach 5200 dollars by June 2027. These figures explain the growing interest in the yellow metal, however, they do not allow for a direct relationship to be established between BRICS+ acquisitions and the projection from the Swiss financial institution.

Russia and China dominate BRICS+ reserves

While gold has just reached a six-week high, the 17.4% assessment comes from an analysis conducted by EBC Financial Group published last April. It relates to gold reserves held by the central banks of BRICS+ bloc countries, not all the gold available worldwide.

The top two positions are held by Russia and China within the alliance. Together, these two nations might represent nearly 74% of the reserves, according to information shared by EBC analyst Michael Harris.

The compiled data are as follows :

• Russia would hold 2336 tons of gold ;
• China would hold 2298 tons ;
• India’s reserves would reach 880 tons ;
• The entire BRICS+ would exceed 6000 tons, or 17.4% of the official global stock.

In 2019, this stock was 11.2%, according to the EBC report. Hence, the gap is about 6.2 percentage points over seven years.

This comparison requires a methodological caveat. The BRICS bloc has expanded since 2019 and now includes more countries. The available summary does not indicate whether EBC recalculated the historical figure with a constant composition. Part of the apparent evolution would therefore come from the integration of new countries, in addition to actual acquisitions made.

Official statistics also include a delay. The World Gold Council primarily compiles central bank declarations and International Monetary Fund data. Its monthly files show nearly two months’ lag, plus delays from some countries.

Gold rises in reserves without displacing the dollar

The increase in BRICS+ bloc stocks fits into a general movement. Central banks have acquired an average of 1000 tons of gold per year over the last four years, compared to nearly 500 tons during the previous decade, according to the World Gold Council.

Gold offers many advantages to reserve managers. It does not depend on the solvency of an issuing country. Additionally, it can be stored directly in a central bank’s vaults. It also allows diversification of a portfolio exposed to currencies and sovereign bonds.

This maneuver does not necessarily mean central banks automatically abandon the dollar. An increase in gold reserves neither proves a corresponding decrease in U.S. holdings nor the future creation of a common currency among the BRICS.

However, forecasts reveal a desire for diversification. In a survey published in June 2026, the World Gold Council specifies that 74% of respondents project a reasonable or significant reduction in the dollar’s share of global reserves over the next five years. Furthermore, 89% expect official gold holdings to increase in the coming twelve months.

UBS anticipates an ounce at 5,200 dollars by June 2027

The Swiss bank UBS believes gold would approach 5200 dollars an ounce during the twelve months following its June 25 report, placing this target around June 2027. This forecast represents a market scenario, not a guaranteed price.

The banking institution cites three main supports: a likely U.S. monetary easing in 2027, a future weakening of the dollar, and the continuity of central bank acquisitions. UBS projects these will purchase between 750 and 1000 tons of gold per year.

However, the bank admits short-term risks. A change in real interest rates or a strengthening of the dollar would increase the opportunity cost related to holding gold. In its official analysis, UBS thus envisions a rise between 3850 and 4000 dollars before a restart.

The 5200-dollar target is therefore based on a combination of monetary, economic, and geopolitical factors. BRICS+ alliance acquisitions can support demand, yet they represent only a small part of this scenario.