Russia's Gold Strategy Shift: Billions Discussed Globally as Nation Alters Game Plan

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Russia Sells Gold Reserves Amid Record Prices, Earns Billions

Russia Sells Gold Reserves Amid Record Prices, Earns Billions

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CNBC Awaaz•24-02-2026, 16:31

Russia Sells Gold Reserves Amid Record Prices, Earns Billions

•Russia's Central Bank sold 300,000 ounces of gold in January, generating $1.41 billion to $1.68 billion.
•This marks the first decrease in Russia's gold reserves since October, leaving 74.5 million ounces.
•Despite the sale, the total value of Russia's gold reserves increased by 23% to $402.7 billion due to record high prices.
•Russia, a major gold producer, is now balancing reserves through partial sales at high prices, focusing on Asian markets.
•Global gold prices surged 43% in 12 months, benefiting producers like Russia; domestic demand also remains strong.

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