Business · Markets · 2 hrs ago
Russia’s central bank cuts gold reserves by about 6 tonnes in September
The Bank of Russia reduced its gold reserves by about 6 tonnes in September.
On 1 October, Russia held 72.8 million ounces of monetary gold, worth $301.6 billion, as part of its international reserves.
The amount of gold fell 0.3% in a month, while its dollar value dropped 9.6%.
Russia has reduced its gold holdings every month in 2026, with monthly cuts of 0.2 million to 0.3 million ounces.
The total decline since the start of the year is about 62 tonnes.
The reserves have fallen after years of heavy buying from 2014 to 2019; the central bank said in 2020 that it was pausing gold purchases.
The monthly reductions are continuing, according to the figures reported for September.
The Bank of Russia reduced its gold reserves by about 0.2 million ounces, or roughly 6 tonnes, in September.
As of October 1, monetary gold in Russia’s international reserves stood at 72.8 million ounces, about 2,260 tonnes, valued at $301.6 billion.
The amount of gold fell 0.3% by volume and 9.6% by value during the month.
Russia has reduced its gold reserves by 0.2 million to 0.3 million ounces each month in 2026.
Since the start of 2026, the reserves have fallen by 2 million ounces, or about 62 tonnes.
- Who
- The Bank of Russia.
- What
- It reduced the gold held in Russia’s international reserves by about 0.2 million ounces, roughly 6 tonnes.
- When
- September; the reported reserve level was as of October 1.
- Where
- Russia’s international reserves.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The Bank of Russia actively bought gold and led the world’s central banks in the volume of purchases.
The Bank of Russia announced it was suspending gold purchases.
Russia reduced its gold reserves by 0.2 million to 0.3 million ounces each month.
The Bank of Russia reduced gold reserves by about 0.2 million ounces.
Monetary gold in Russia’s international reserves stood at 72.8 million ounces.
- September reduction
- About 0.2 million ounces, or roughly 6 tonnes
- Gold reserves on October 1
- 72.8 million ounces, about 2,260 tonnes
- Reserve value on October 1
- $301.6 billion
- Monthly volume change
- Down 0.3%
- Monthly value change
- Down 9.6%
- Reduction since start of 2026
- 2 million ounces, about 62 tonnes