Russia's Gold Reserves Fall to Lowest Level Since 2020 as Central Bank Sells Bullion

Russia's gold reserves continued to decline in June, reaching their lowest level since early 2020 as the Bank of Russia extended its selling campaign while many other central banks continued to accumulate bullion. According to data released by the Bank of Russia, the country's gold reserves stood at 73.4 million troy ounces as of July 1, 2026. That compares with 73.7 million ounces a month earlier and 73.9 million ounces on May 1, marking the smallest reserve volume since February 2020. Russia Continues to Reduce Gold Holdings Figures from the World Gold Council show that global central banks collectively increased their gold reserves by 41 tonnes in May 2026. Russia, however, moved in the opposite direction, reducing its holdings by another six tonnes.