Gold Price Today in Russia
Today's Gold Prices in Russia - All Karats Live
The following are raw gram prices for the gold price in Russia (before making charges), showing the sell price (what you pay when buying) and the buy price (what you get when selling to a shop).
| Karat | Buy Price | Sell Price | Daily Change |
|---|---|---|---|
| 24k | 12,578.81 RUB | 13,133.76 RUB | ▲ 87.41 (+0.67%) |
| 18k | 9,434.10 RUB | 9,850.31 RUB | ▲ 65.56 (+0.67%) |
| 14k | 7,337.64 RUB | 7,661.35 RUB | ▲ 50.99 (+0.67%) |
| Ounce | 391,245.02 RUB | 408,505.90 RUB | ▲ 2,718.77 (+0.67%) |
Last updated: 20:55 - 24 August 2026
Gold Performance in Russia Over Last Year
Gap Between Gold Price in Russia and the Global Price
The table below shows the difference between the displayed local price and the raw global spot price for the same quantity in USD. This is a different indicator from the shop-level "buy/sell spread," since it compares the local price to the pure global price rather than yesterday's price.
| Karat | Local Price | Global Equivalent | Difference |
|---|---|---|---|
| 24k | 13,133.76 RUB | 12,332.17 RUB | +801.59 RUB |
| 18k | 9,850.31 RUB | 9,249.12 RUB | +601.19 RUB |
| 14k | 7,661.35 RUB | 7,193.76 RUB | +467.59 RUB |
Popular Bullion Bars in Russia
| Bar | Weight (g) | Price |
|---|---|---|
| 1g Bar | 1 | 13,396.44 RUB |
| 5g Bar | 5 | 66,653.83 RUB |
| 10g Bar | 10 | 132,913.65 RUB |
| 50g Bar | 50 | 663,254.88 RUB |
Gold Performance in Russia - Long Term
Terms Worth Knowing Before You Buy Gold
- What is a troy ounce?
- The troy ounce is the standard global unit used in gold trading on every exchange worldwide, and it equals exactly 31.1035 grams.
- What is the difference between buy and sell price?
- The sell price is what you pay when acquiring gold from a shop, while the buy price is what you receive when selling your jewelry back to the same shop, with the gap representing the dealer's margin.
- What does the karat number mean?
- The karat number indicates the proportion of pure gold in a piece out of 24 parts, so 21k means 21 parts pure gold out of 24, or 87.5% purity.
Market Analysis
Russia uses a per-mille fineness system rather than karats, with 585 (roughly equivalent to 14k) as the dominant Soviet-era standard in jewelry, stamped as an explicit number on pieces instead of the karat symbol common in other markets.
Russia's Central Bank has become one of the world's largest institutional gold buyers since 2014, as part of a strategy to diversify reserves away from the US Dollar, making Russia a pivotal player in the global metal market.
Russia ranks among the world's top five gold-producing nations, with output concentrated mainly in Siberia and the Russian Far East, giving the local market a distinct character tied directly to a massive extractive industry.
Russian gold markets have been affected by international economic sanctions imposed since 2022, disrupting traditional export channels and pushing a larger share of domestic production toward the internal market and the Central Bank.
Frequently Asked Questions
Why does Russian gold show '585' instead of a karat number?
Russia uses a Soviet-inherited per-mille fineness system, and 585 is roughly equivalent to 14k, stamped as an explicit number on pieces.
Why does Russia's Central Bank buy so much gold?
As part of a strategy started in 2014 to diversify reserves away from the US Dollar.
Is Russia a gold-producing country?
Yes, it ranks among the world's top five gold producers, with output concentrated in Siberia and the Russian Far East.