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Russia sells 6.2 tonnes of gold in Sept, cutting reserves to lowest since 2019 amid budget strains.

Market News
21 Oct 2026
Kitco
View Source
Bearish
Russia sells 6.2 tonnes of gold in Sept, cutting reserves to lowest since 2019 amid budget strains.

In September, Russia sold 200,000 troy ounces (6.2 tonnes) of gold, reducing its sovereign gold reserves to 72.8 million troy ounces (2,264 tonnes), the lowest since late 2019. This marks the tenth consecutive month of reserve reduction, part of Russia's largest gold drawdown since 1998, driven by the need to finance a growing federal budget deficit and high military spending. Despite falling reserves, Russia's gold exports to China have increased in value, supported by rising gold prices and strong domestic demand. Russia remains the world's second-largest gold producer, but its central bank has slowed gold purchases since 2022, while Chinese central bank buying continues robustly.

Russia's gold reserves fell to their lowest since 2019, with a 6.2-tonne sale in September. For readers following market breadth, here is Pluang's snapshot as of Oct 21, 2026 20:31 WIB: of 150 US stocks priced on Pluang, 74 rose and 73 fell. Notable movers include HPE at USD 59.05 (+5.22%, 41% Sell / 59% Buy, 34 days typical hold), ASX at USD 42.61 (+4.51%, 53% Sell / 47% Buy, 49 days typical hold), and NFLX at USD 65.71 (-4.30%, 6% Sell / 94% Buy, 127 days typical hold).

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