DID Press: Recent data shows accelerating purchases and accumulation of gold by BRICS members and their strategic partners are deepening the global shift away from the U.S. dollar and widening divisions in Washington-led financial order.
Over the past several years, BRICS countries have pursued a deliberate strategy of reducing dollar dependency by boosting their gold holdings. Estimates indicate these states now control, directly or indirectly, close to 50 percent of the world’s gold production and reserves — far beyond their officially reported holdings.
While official figures suggest BRICS members collectively hold around 20 percent of global gold reserves, the share rises to nearly half when countries aligned with or closely cooperating with the bloc are included. This broader network plays a complementary role in the group’s evolving financial strategy.
Sachin Jasuja, co-founder and Head of Equities at India’s Centricity WealthTech, describes the trend as a clear sign of rising tension within the international financial system. According to him, the sustained gold buying by BRICS reflects growing doubts about the durability of the dollar-centric order and a concerted effort to redefine global financial power dynamics.