Russia's gold reserves exceeded $400 billion for the first time

Russia's gold reserves have exceeded $400 billion for the first time in history. This follows from the data of the Central Bank of Russia, published on the website on February 6.

Thus, the value of Russia's gold assets reached a record high of $402.7 billion. It is noted that their share in the structure of international reserves increased to 48.3%, which was the highest since January 1995. Investments in gold also increased by 23.3% in January.

International gold and foreign exchange reserves are highly liquid foreign assets managed by the Central Bank and the Government of the Russian Federation. They include currency, special drawing rights, monetary gold, and a reserve position with the International Monetary Fund (IMF).

Gold instead of dollars: why the whole world is buying precious metals

Distrust of the US currency was the reason for the rise of gold and silver

Alexey Lossan, an analyst at the Compare financial marketplace, said on January 12 that the rise in gold prices in 2025 led precious metal quotes to new historical highs amid increasing global economic and geopolitical uncertainty. In such conditions, investors traditionally increase investments in protective assets, the key of which remains gold.

At the same time, the value of Russia's gold reserves exceeded a record $300 billion in November last year. Then the share of gold in international reserves reached 42.3%.

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