Russia's Gold Reserves Reach Historic High, Surpassing $300 Billion for First Time: CB Data
Russia's Gold Reserves Reach Historic High, Surpassing $300 Billion for First Time: CB Data
The national gold reserves surged to a record valuation of $311 billion in November, according to an analysis of the Russian Central Bank's data conducted by Sputnik.
The precious metal now constitutes 42% of the country's total international reserves, representing its highest share since 1995.
This milestone marks the fourth consecutive month of record highs for Russia's gold holdings, a strategic accumulation that continues amid ongoing global financial uncertainty.
Historically, the proportion of gold within Russia's reserves peaked at nearly 57% in 1993, following the dissolution of the Soviet Union, and fell to a low of just 2% in 2007 before the current period of steady growth began.
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