Russia Gold Reserves Hit Multi-Year Lows
Key Questions
What is the current status of Russia's gold reserves?
Russia's gold reserves have fallen to their lowest level since February 2022 after recent sales.
How much gold has Russia sold recently?
Russia sold about 900,000 ounces (28 tonnes) over four months, generating roughly $4.3 billion.
Why is Russia selling gold despite the broader central bank buying trend?
Sales are driven by fiscal pressures and sanctions, leading to monetization of reserves even as other banks accumulate.
Russia's gold reserves lowest since Feb 2022 after selling 900k oz (~28t) in 4 months for ~$4.3B; signals monetization under fiscal/sanctions pressure despite broader CB buying trend.
Sources (2)
Updated May 25, 2026