The Bank of Russia’s gold reserves have contracted to their lowest level in over six years, falling to 73.4 million troy ounces as of July 1, 2026.
The data, released by the central bank, marks a significant milestone in the ongoing reduction of the nation’s bullion holdings, which have been declining steadily since the start of the year.
This latest figure represents the smallest gold stockpile held by the central bank since February 2020.
The drawdown occurs against a backdrop of broader pressure on Russia’s international reserves, which have faced substantial volatility and net outflows in recent months.
The reduction in gold assets is part of a wider trend affecting the country’s foreign exchange buffers.
In June, Russia’s total international reserves fell by $26.9 billion, dropping 3.61% to $720.4 billion as of July 1.