Total Gold Reserves in the BRICS Countries: Analytical Study
Relevance of information. In 2015, the total quantities of gold reserves of the major BRICS countries (Russia, China and India) were 3423 tonnes, which had an aggregate value of 131,322 billion USD. In 2024, the overall gold reserves of these three countries totaled 5260 tonnes with the entire value...
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2025-06-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/516 |
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| Summary: | Relevance of information. In 2015, the total quantities of gold reserves of the major BRICS countries (Russia, China and India) were 3423 tonnes, which had an aggregate value of 131,322 billion USD. In 2024, the overall gold reserves of these three countries totaled 5260 tonnes with the entire value of 304,434 billion USD, which means, the mass index has increased from 1 to 1.54 and the value index has grown from 1 to 2.32 during the period under review (2015–2024). Currently, the combined gold reserves of the BRICS countries account for 17 to 20 per cent of the entire global gold reserves. Methods. The given article uses the Orange software to forecast the amount and value of gold reserves of the BRICS countries (Russia, China and India) for the period of 2015–2029 at equal annual intervals. Findings. In the course of the study, the author comes to conclusions, that, in the near future, the BRICS countries will play an important role in the global economy, due to their own huge reserves of natural resources. The numerical analytic research presented in this article confirms this conclusion. |
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| ISSN: | 2220-6469 2220-7872 |