Russia's official gold reserves have been declining for six consecutive months, with a decrease of about 43.5 tons as of early July, reaching a low level since 2022. The current size of gold reserves is about 73.4 million troy ounces (about 2282 tons), worth about 299 billion US dollars. The total international reserves of Russia decreased from $747.4 billion at the end of May to $720.4 billion at the end of June, with a budget deficit of approximately 4.6 trillion rubles as of the end of March. Between 2002 and 2025, Russia has cumulatively purchased over 1900 tons of gold. The Russian central bank stated that it has sold some of its gold reserves due to the gold price breaking through its historical high of $5500 per ounce.
