Russia Sells 6.2 Tonnes of Gold in September as Reserves Hit Lowest Level Since 2019

Key Facts

1The Bank of Russia sold 200,000 troy ounces (6.2 tonnes) of gold during the month of September.

2Russia's sovereign gold holdings fell to 72.8 million troy ounces, the lowest level since the end of 2019.

The Bank of Russia sold 200,000 troy ounces (6.2 tonnes) of gold during the month of September. Kitco reported that the sale reduced Russia's sovereign gold holdings to 72.8 million troy ounces, marking the lowest level for the nation's reserves since the end of 2019.

The liquidation brought the total value of Russia's remaining gold reserves to approximately $301.6 billion by the end of September. This trend coincides with reports of a significant increase in Chinese imports of Russian precious metal ores and concentrates, which rose 80% to $1 billion compared to the previous year.

The Bank of Russia is scheduled to announce its next Interest Rate Decision on October 23, 2026. This upcoming central bank event follows a previous interest rate of 14% and remains a key focus for markets assessing the broader economic environment surrounding sovereign reserve management.