Russia's gold reserves have fallen to the lowest level in six years.…
Russia's gold reserves have fallen to the lowest level in six years. According to the Central Bank, Russia's gold reserves decreased by 1.6 million ounces since the beginning of the year and stood at 73.2 million ounces as of August 1.
Consensus
- Russia's gold reserves decreased to 73.2 million troy ounces as of August 1, 2026.
- This level is the lowest since January 2020.
- The reduction in gold reserves has been ongoing since the beginning of 2026.
- The monthly decline in gold reserves averaged 0.2–0.3 million troy ounces.
- The value of Russia's gold reserves declined by $33.7 billion over the first seven months of 2026.
- The Central Bank of Russia reported the data on its website.
- The reduction is linked to sales by the Ministry of Finance from the National Wealth Fund to cover the budget deficit.
Points of divergence
- The gold was primarily sold by the Ministry of Finance through the National Wealth Fund, not by the Central Bank. — tg_dwglavnoe
- The gold reserves reached a minimum in February 2020, not January 2020. — vm
- The Central Bank uses a 'mirror mechanism' to sell gold on the domestic market to offset the impact of government operations on the ruble and financial system. — tg_echoonline_news
- The exact data is unavailable due to the reporting format used by the Bank of Russia. — vesti
- The gold reserves reached a minimum in January 2020. — kommerzant
- The gold reserves were at 75 million troy ounces by early 2025. — tg_moscowtimes_ru
Coverage (10 sources)
- Russia's gold reserve drops to six-year low. Does this mean Moscow is running out of money? — DW Главное
- Bank of Russia reduced gold reserves by 0.2 million ounces in July — Вести
- Central Bank's gold reserves in ounces fell to a minimum since February 2020 — Вечерняя Москва
- Gold reserves of the Bank of Russia fell to six-year low — ЭХО / Новости
- Central Bank reduced gold reserves by 0.2 million ounces in July — Коммерсантъ
- Russia's gold reserve fell to the lowest level in six years — Дождь
- Russia's gold reserve fell to the lowest level in six years — Дождь (Telegram)
- Gold reserves in the Central Bank's reserves fell to a six-year low — The Moscow Times
- Central Bank gold reserves fell to minimum since early 2020 — Агентство. Новости
- Central Bank of Russia reduced gold reserves by another 0.2 million ounces in July — Интерфакс