China Takes the Gold: Leading BRICS in Massive Gold Accumulation Ahead of Summit
Is China fueling a global gold rush? The latest data suggests a resounding yes. China has become the largest buyer of gold, significantly impacting the global market dynamics, especially in anticipation of the upcoming BRICS summit. The World Gold Council reports a surge in gold acquisitions, with China at the forefront.
BRICS Officially the Largest Buyer of Gold: China Leads the Charge
BRICS is officially the largest buyer of gold in 2025, outperforming every other country, reported the World Gold Council. Among the BRICS countries, China tops the list, driving this trend with aggressive acquisitions. This strategic move has significant implications for global economic power and financial stability.
China's Gold Buying Spree: 225 Tonnes in 2025 Alone
The World Gold Council's most recent figures reveal that China alone, a BRICS member, secured 225 tonnes of gold for its reserves in 2025. China has been primarily accumulating gold for 14 consecutive months, making it the largest buyer of the precious metal last year.
China: The Top BRICS Gold Accumulator
Among the BRICS members, China is leading in gold accumulation and is the top buyer of the metal in June 2025. China is purchasing tonnes of gold ahead of the BRICS summit, signaling a potential shift in global economic strategies.
Why is China Buying So Much Gold?
While the exact motivations remain complex, several factors contribute to China's gold buying spree. Diversification away from the US dollar, hedging against global economic uncertainty, and increasing financial independence are all likely drivers. The World Gold Council reported that China is inspiring other nations, particularly within the BRICS alliance, to consider similar strategies.
BRICS Member China: The Top Purchaser of Gold Since 2025
BRICS member China has been the top purchaser of gold since 2025 and is accumulating tonnes every month. This sustained accumulation positions China as a key player in shaping the future of the gold market and the broader global economy. The accumulation ahead of the BRICS summit suggests that this strategy will be a key talking point.