Steady purchases every month since early 2014 have Russia now holding more gold than China with its $3 trillion in international reserves
Russian Central Bank Gold Reserves Rise to 1,857 Tons in January, Passing People’s Bank of China’s 1,843 Ton Gold Hoard.
Russian gold reserves are now the fifth largest in the world.
Russia added 600,000 ounce of gold (18.66 tons) to reserves in January.
Russia added a record 224 tons of gold to reserves in 2017.
- Since June 2015, the Central Bank of Russia has added over 576 tons of gold to reserves.
Overall Russian reserves rose from $432.742 billion in December to $447.735 in January.
Russian holdings of U.S. Treasuries top $100 billion for ninth month in a row.
Gold reserves worth $80.4 billion constitute 17.95% of overall Russian reserves.
Russian Gold Reserves
The Central Bank of Russia ended 2016 with 1838.21 tonnes of gold on their balance sheet.
Central Bank of Russia added 7.2 Million ounces (approximately 223.945 tonnes) in 2017.
The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.
Russian Monthly Gold Purchases June 2014 – January 2018:
Russia has added 25.0 million ounces (approximately 778 tons) to its reserves from June 2014 through January 2018.