Beating The Dollar: Here’s How Much Gold Russia Has Stored Till Now

Russia has long been trying to break the traditional market chains by leading the global financial regimes at its own pace. However, with the US sanctioning Russia and removing it from the SWIFT system, the country has since then found lucrative methods to stabilize its economy, including utilizing diversification of assets to strengthen its reserves. Here’s how much gold Russia holds at present that has led the nation to earn the label of a country hoarding the maximum amount of precious metal in its reserve.

How Much Gold Does Russia Have?

Russia is one of the leading gold holders in the world, with its reserves valued at $217.4 billion as of March 1st, 2025. The nation has diversified away from the dollar into gold, which now comprises 34.4% of the nation’s total foreign reserve.

The Russia-Ukraine war was a pivotal moment that ended up giving a new definition to the US dollar. With the US sanctioning Russia, the term US dollar weaponization gained massive strength, with countries expressing polarized views about having to depend on the dollar to stabilize their economies. Many countries expressed the need to diversify away from the dollar in a quest to pioneer local currency narratives in a world where the dollar had gained a notorious positioning.

Gold’s Rise to Glory

Per a new analysis floated by Markets and Mayhem on X, Golld’s rise to new highs was spurred primarily after the Russian-Ukraine war that ended up destabilizing the world economy.

The global dynamics suddenly pivoted towards gold as changing geopolitical narratives compelled investors to invest heavily in the yellow metal.

Using the dollar as a weapon has always been a key part of US foreign policy, but the extreme measures against Russia marked a turning point. From that point forward gold was content to ignore real-yields on the 10-year.

What had once been a long-established relationship went… pic.twitter.com/IOUhtjRsCL

The Yellow Metal’s Price Forecast

At present, gold has successfully breached the $3000 mark, a pioneering level, which has been deemed a great accomplishment by the yellow metal.

Gold is approaching year long resistance, which right now comes at around $3,037. I personally do not expect gold to blast through resistance very soon. In fact, I would like gold to consolidate under this resistance for some time before decisive breakout. While it does so, I… pic.twitter.com/DY5eBGEGTb

Per Rashad Hajiyev, a leading financial expert, Gold is already aiming for a new price target now, which it may achieve sometime soon in the NEAR future.

My view on gold: the path to $3,400… pic.twitter.com/DjXzssyOKI