Largest bilateral gold trade in history? China buys nearly $1 billion in bullion from Russia in November alone

(Kitco News) – China purchased a record $961 million in gold from Russia in November 2025 – the largest gold deal in the history of bilateral trade – according to a new Moscow Times report.This was the second month in a row that gold deliveries from Russia to China exceeded $900 million, the report noted, citing Chinese customs data. In October, exports of Russian gold to China were estimated at $930 million.