BRICS countries have more than 20% of the world’s gold reserves. writes about this RIA Novosti He cites the World Gold Council’s own data calculations.
According to the publication, global reserves reached 29.03 thousand tons in the second quarter of 2024, of which 6.2 thousand tons (21.4%) belong to BRICS countries, excluding Iran and Ethiopia, which do not disclose their data.
Among the BRICS countries, the leaders in gold reserves are Russia (2.34 thousand tons) and China (2.26 thousand tons), accounting for 37.6% and 36.4% of the total volume of the association, respectively. This is followed by India (840.76 tons), Saudi Arabia (323 tons), Brazil (129.7 tons), Egypt (126.57 tons), South Africa (125.44 tons) and UAE (74.5 tons). .
On a global scale, the USA continues to lead with 8.1 thousand tons of gold, almost one-third of the world’s reserves. This country is followed by Germany (3.35 thousand tons), Italy (2.45 thousand tons) and France (2.44 thousand tons).
At the beginning of October, it was learned that the People’s Bank of China would fail again. happened and they plan to increase their gold reserves against the sharp increase in precious metal prices. The physical volume of reserves remained the same, although their value increased to $191.47 billion.
The price of gold before updated historical maximum