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Rising gold prices boost Russia’s reserves to $326.5B

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Rising gold prices boost Russia’s reserves to $326.5B

Russia’s gold reserves have increased by USD 194 billion since February 2022 due to rising prices.

Axar.az reports that this was stated in a report by the Central Bank of Russia.

It was noted that as of February 1, 2022, the Central Bank held gold worth USD 132.3 billion. However, by January 1 this year, the figure had already reached USD 326.5 billion.

The main surge in gold prices began in 2023: while one troy ounce cost around USD 1,800 at the beginning of that year, it has now reached nearly USD 4,900.
Date
2026.01.21 / 17:54
Author
Axar.az
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