Gold Market Report
Russia Gold Market Report
Independently researched coverage of the Russia gold market, last verified Sep 1, 2026. 24K gold is currently RUB 12,330.38 per gram.
See the live gold price page for Russia →Research coverage
4 of 4 research sections published for Russia.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in RUB.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | RUB 12,330.38 | RUB 383,517.67 | RUB 143,819.13 | RUB 12,330,379.38 |
| 22 karat (916.7) | RUB 11,304.39 | RUB 351,605.81 | RUB 131,852.18 | RUB 11,304,389.22 |
| 21 karat (875) | RUB 10,790.16 | RUB 335,611.52 | RUB 125,854.32 | RUB 10,790,160.98 |
| 18 karat (750) | RUB 9,248.71 | RUB 287,667.02 | RUB 107,875.13 | RUB 9,248,709.41 |
| 14 karat (583.3) | RUB 7,193.03 | RUB 223,728.23 | RUB 83,898.09 | RUB 7,193,029.60 |
| 10 karat (416.7) | RUB 5,138.58 | RUB 159,827.80 | RUB 59,935.42 | RUB 5,138,582.95 |
Trend
Last 3 months
Per gram · RUB
- Change
- +8.59%
- Low
- RUB 11,224.83
- High
- RUB 13,024.29
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Russia gold market
KmalServico's Russia page is built around grams and Russian rubles (RUB), matching how gold bars and coins are typically quoted domestically. Physical gold has taken on a distinct role in the market since 2022, as sanctions-related uncertainty pushed both individual and institutional demand toward gold as a store of value.
Read the full section on the live price page →Market notes
Retail demand for physical gold in Russia has risen sharply since 2022, with individuals estimated to have accumulated roughly 300 tonnes over that period -- more than the official gold reserves held by Spain or Austria. That accumulation reflects gold's role as a store of value amid currency and sanctions-related uncertainty rather than jewellery demand specifically.
Read the full section on the live price page →Buying gold in Russia
As of 2026, individuals leaving Russia are limited to taking no more than 100 grams of gold out of the country, part of a broader set of capital-control measures. That cap is a practical constraint for anyone planning to move gold bought domestically across a border -- it doesn't affect a purchase kept within the country, but it matters before buying with cross-border travel in mind.
Read the full section on the live price page →Tax & duty notes
Individual purchases of physical gold bars have been exempt from VAT since March 2022, reversing the 20% rate that applied before -- a policy change intended to encourage rubles moving into gold. Russia's general VAT rate was separately raised to 22% under a 2026 budget measure, but that's the country's broad consumption tax rate, not a reversal of the gold-specific bar exemption, which remains in place.
Read the full section on the live price page →Sources
What the Russia research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- ummid.com — Putin signs law exempting Gold tax to encourage savers to dump dollars
Supports: Russia's March 2022 VAT exemption on individual gold bar purchases, reversing the prior 20% rate
Checked Sep 1, 2026
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Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
- investment
Gold vs Silver as an Investment
Which precious metal is right for your portfolio?
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from gold-api.com + xaus.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.