By takumihamano 
The gold trade in Russia has become a focal point of economic strategy, especially in light of recent global developments. As the country navigates through various geopolitical and economic challenges, the role of gold in its trade and financial policies has gained significant attention.
Key Developments in Russia’s Gold Trade:
– Increased Demand for Gold Coins: The ‘George the Victorious’ 50 RUB gold coin has emerged as the most popular among Russian citizens. In March-April 2025, retail clients purchased approximately 10,000 gold coins, equaling the total for January-February. This surge in demand is linked to rising gold prices in global markets, with central banks globally purchasing over 1000 tonnes of physical gold in 2024. Goldman Sachs forecasts gold prices to reach USD 3700 per ounce by the end of the year and USD 4000 in 2026.
– Global Gold Price Trends: Gold prices have hit a record high exceeding USD 3350 per troy ounce. Investments in gold-backed exchange-traded funds increased by over 6% year-to-date. UBS predicts a price of USD 3500 per ounce by year-end.
– Strategic Economic Moves: Russia’s increased focus on gold trade is part of a broader strategy to mitigate the impacts of international sanctions and economic isolation. The country’s gold reserves provide a buffer against currency fluctuations and economic instability.
Summary:
Russia’s gold trade has become a crucial element of its economic strategy, reflecting the country’s efforts to strengthen its financial resilience amid global economic shifts. The rising demand for gold coins and the strategic accumulation of gold reserves highlight Russia’s proactive approach to safeguarding its economy. As global gold prices continue to soar, Russia’s position in the gold market is likely to play a significant role in its economic stability and growth.
In conclusion, the developments in Russia’s gold trade underscore the importance of precious metals in national economic strategies, particularly in times of geopolitical uncertainty. The country’s focus on gold not only provides financial security but also positions it favorably in the global economic landscape.