Reference News Website, January 20 report: According to the Russian "Izvestia" website's January 18 report, driven by the rise in international gold prices, Russia's gold reserves increased by a record 130.8 billion US dollars in the past year. On January 18, RIA Novosti reached this conclusion through an analysis of the Russian Central Bank's database.
According to RIA Novosti's information, on January 1, 2025, the value of gold held by Russia was 195.7 billion US dollars, and by early 2026, this figure had risen to 326.5 billion US dollars. This record growth was due to the bull market in the gold market.
Over the past year, the price of gold rose from 2,600 US dollars per ounce to 4,400 US dollars per ounce.
If calculated by volume, Russia's gold reserves actually decreased by about 6.2 tons. As of January 1, 2026, gold accounted for 43.3% of Russia's reserve assets. The foreign exchange portion of the reserves increased by 3.6% over the past year, reaching 428.3 billion US dollars.
Financial analyst Alexei Losan believes that under the backdrop of heightened global economic and geopolitical uncertainties, the rise in gold prices in 2025 has already pushed the price of this precious metal to new historical highs. Under such conditions, investors usually increase their holdings of defensive assets such as gold. (Translated by Wei Lianglei)
Original article: toutiao.com/article/7597422766962328102/
Statement: This article represents the personal views of the author.