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Gold bar exports occupied nearly 90 percent of Russia's gold demand in 2021. The jewelry industry accounted for the second largest share of nine percent. In recent years, the share of Russia's Central Bank purchases in gold consumption steadily decreased.
Distribution of gold consumption in Russia from 2019 to 2021, by sector
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Jewellers' Guild of Russia. (August 11, 2022). Distribution of gold consumption in Russia from 2019 to 2021, by sector [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/
Jewellers' Guild of Russia. "Distribution of gold consumption in Russia from 2019 to 2021, by sector." Chart. August 11, 2022. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/
Jewellers' Guild of Russia. (2022). Distribution of gold consumption in Russia from 2019 to 2021, by sector. Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/
Jewellers' Guild of Russia. "Distribution of Gold Consumption in Russia from 2019 to 2021, by Sector." Statista, Statista Inc., 11 Aug 2022, https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/
Jewellers' Guild of Russia, Distribution of gold consumption in Russia from 2019 to 2021, by sector Statista, https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/ (last visited May 15, 2024)
Distribution of gold consumption in Russia from 2019 to 2021, by sector [Graph], Jewellers' Guild of Russia, August 11, 2022. [Online]. Available: https://www.statista.com/statistics/1327306/russia-gold-consumption-by-sector/