Global central banks purchased 166 tonnes of gold in the second quarter of 2025, marking a 41 per cent increase from the usual quarterly average. This surge is widely seen as a strong signal of accelerated de-dollarisation among BRICS nations, as member states seek greater financial independence.
According to idnfinancials, the trend has gained further relevance amid serious discussions surrounding the launch of a BRICS currency in 2026. According to the World Gold Council, central bank gold accumulation has reached unprecedented levels. Unlike retail demand, institutional purchases tend to be steady and largely unaffected by price fluctuations.
Jeff Quartermaine, CEO of Perseus Mining, emphasised that gold was not merely a hedge, but also a form of insurance against the fragility of the global monetary system. As reported by Watcher.guru (15 August), the latest wave of gold buying has been led by China, Turkey, India, and Russia. Currently, global central bank gold reserves have surpassed 36,000 tonnes, signalling a structural shift as BRICS dollar holdings..Continue…Reading…
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