The global gold market is currently navigating one of its most volatile periods in modern history. The recent decree by the Russian government to ban gold bullion exports exceeding 100 grams is not merely a domestic regulatory shift; it is a geopolitical maneuver that has sent shockwaves through the international bullion exchanges in London, New York, and Dubai. As we move through 2026, the primary concern for global investors is no longer just inflation or interest rates, but a structural "supply vacuum" created by the sudden withdrawal of one of the world’s largest producers.

To understand the impact on world prices, one must look at the sheer scale of Russian production. Russia typically accounts for nearly 10% of the world’s annual gold mine production, trailing only China. Historically, much of this gold flowed into global markets to provide liquidity and meet industrial and investment demand.

By imposing a strict 100-gram limit, Moscow has effectively "nationalized" its gold flow. For the global market, this is equivalent to a sudden heart attack in the supply chain. When 300 tons of annual........

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