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China sets new monthly record for Russian gold purchases
From Russia Today, Moscow
Monday, December 22, 2025
China bought a record amount of gold from Russia in November, with shipments rising to almost $1 billion, RIA Novosti reports, citing Chinese customs data.
Russia's gold sales to China were valued at $961 million in November, following October's total of $930 million, the outlet said on Saturday, as Moscow steps up efforts to reroute precious-metal exports away from Western markets due to the sweeping sanctions against Russia, and as China emerges as a key destination.
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In October and November last year, Russia did not ship any gold to China, and its previous peak annual tally was just $223 million.
Over the first 11 months of 2025, Chinese imports of Russian gold reached $1.9 billion -- almost nine times the value recorded in the same period last year, according to the customs data cited. Russia's overall exports of precious metals to China doubled from a year earlier, data shows.
The Financial Times reported in November that China's unreported gold buying could be more than 10 times its official figures, as the country quietly diversifies away from the U.S. dollar. Data compiled by the World Gold Council shows China bought 23.95 tons of gold from January to September this year, but analysts argue that actual purchases are much larger as China reduces its reliance on dollar-denominated reserves. ...
... For the remainder of the report:
https://www.rt.com/business/629867-china-russian-gold/
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