The BRICS countries contain more than 20% of the world's gold reserves

More than 20% of the world's gold reserves are concentrated in the BRICS countries. This is reported by RIA Novosti with reference to data from the World Gold Council.

At the same time, as the agency reports, most of the precious metal reserves have Russia and China.

According to the results of the second quarter of 2024, the total global volumes of gold reserves amounted to 29.03 thousand tons. Of these, 6.2 thousand tons (21.4%) fell on the BRICS countries, excluding Iran and Ethiopia, which did not disclose their data.

Most of the gold among the countries of the association is stored at Russia — 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 BRICS).

The remaining members of the association — India, Saudi Arabia, Brazil, Egypt, South Africa and the UAE - have less than 3% of the world's gold reserves. According to the results of the second quarter of this year, India's reserves reached 840.76 tons (share in 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 the UAE — 74.5 tons (1.2%).

At the same time, the USA has the largest gold reserves among all countries of the world — 8.1 thousand tons (almost a third of all world reserves). This is 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.