Russia's gold reserves have grown by a record $130.8 billion over the past year.

Russia's gold reserves have grown by a record $130.8 billion due to rising prices for this precious metal. RIA Novosti found out on January 18 by examining the database of the Central Bank (CB).

According to the agency, gold bars worth $195.7 billion were stored on January 1, 2025, and $326.5 billion at the beginning of 2026.

It is specified that such a record jump occurred due to the rally in the gold market. During the year, prices increased 1.7 times: from 2.6 thousand to 4.4 thousand per troy ounce.

The agency recalled that in physical terms, Russia's gold reserves decreased by about 6.2 tons (0.2 million troy ounces). Also, the share of gold in Russian reserves as of January 1, 2026 was 43.3%. The currency part grew by 3.6% over the year, reaching $428.3 billion.

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Alexey Lossan, an analyst at the Compare financial marketplace, told Izvestia on January 12 that the rise in gold prices in 2025 led precious metal quotes to new historical highs amid increasing global economic and geopolitical uncertainty. In such conditions, investors traditionally increase investments in protective assets, the key of which remains gold.

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