Russia Boosts Kazakh Gold Imports
Photo: Elements.envato.com, ill purposes
Moscow purchased $195 million worth of Kazakh gold, 1.6 times more than a year earlier, Orda.kz reports.
From January to September 2025, Russia sharply increased its gold purchases from Kazakhstan, according to the Bureau of National Statistics. Import value reached $195.6 million, up 61.5% year-on-year, while the physical volume grew by 17.2%.
Russia became the second-largest importer of Kazakh gold, following Kyrgyzstan, which bought 2.3 tons worth $201.3 million.
In 2025, Kazakhstan supplied gold exclusively to CIS countries.
Silver exports to Russia, however, declined. In the first nine months, Kazakhstan shipped 2.2 tons worth $1.03 million, compared to $1.41 million a year earlier — a drop of nearly 27%. This is below Kazakhstan’s total silver export volume, most of which goes to the UK and the US, accounting for 78% of the market (46% and 32%, respectively).
According to the World Gold Council, Kazakhstan produced 87 tons of processed gold in 2024 — 1.3% less than in 2023 — dropping to 14th place globally, behind Mexico, Indonesia, and Uzbekistan.
Original Author: Ruslan Loginov
Latest news
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
- Almaty Court Extends Chechen Activist’s Extradition Arrest
- Record Rainfall Hits Almaty
- Falling Caspian Sea Level Reshapes Northern Coastline
- Kazakhstan Says It Is Ready To Help Resolve Iran’s Nuclear Issue
- Pashinyan Explains Why He Will Skip The EAEU Summit In Astana
- Kazakhstan To Gradually Cut University Programs In Oversupplied Fields
- Kazakhstan Offers Indonesia A Route To Central Asia And Europe
- Kazakhstan Tightens Rules for Master Plans and Urban Development
- Kazakhstan Approves Rules for Digital Tenge Circulation
- Military Jets to Conduct Training Flights Over Astana
