# Belarus's Finance Ministry cuts buyback prices for gold, platinum and silver from 20 October

- URL: https://syn.by/en/state/finance/belaruss-finance-ministry-cuts-buyback-prices-for-gold-platinum-and-silver-from-20-october/
- Published: 2026-10-20T16:00:08+00:00
- Updated: 2026-10-21T16:26:12+00:00
- Section: Finance
- Language: en
- RU edition: https://syn.by/ru/gosudarstvo/finansy-ru/minfin-byelarusi-snizil-skupochnyye-tsyeny-na-zoloto-platinu-i-syeryebro-s-20-oktyabrya.md
- BE edition: https://syn.by/dziarzhava/finansy/minfin-bielarusi-zniziu-skupachnyja-ceny-na-zolata-placinu-i-srebra-z-20-kastrychnika.md

> Individuals will be paid 140.46 rubles per gram of 375-fineness gold instead of 151.87. The new prices do not apply to bullion bars and coins.

![](https://syn.by/wp-content/uploads/2026/10/illustration-615-1024x585.webp)

New, lower prices at which precious metals in jewelry and scrap are bought from individuals take effect in Belarus on 20 October. They were set by Finance Ministry Resolution No. 54 of 14 October 2026, published on the National Legal Internet Portal.

For those handing in jewelry or scrap, this means less money for the same gram. The new resolution does not affect transactions by banks and non-bank credit and financial organizations involving bullion bars and coins bought from individuals.

Under the new rates, 375-fineness gold will be bought at 140.46 rubles per gram (previously 151.87 rubles), and 500-fineness gold at 187.28 rubles (previously 202.49 rubles). 950-fineness platinum will be accepted at 145.8 rubles.

According to reports in Telegram channels, compared with September 2026, gold is getting cheaper in buyback by 7.5%, platinum by 6.4% and silver by 10%.

The resolution was adopted on 14 October, the Finance Ministry's press service reported. The new prices apply from 20 October, meaning they took effect less than a week after the document was adopted.

For comparison: according to the World Bank, inflation in Belarus in 2025 was 6.6%.

According to non-state Belarusian outlets, the resolution takes into account changes in quotations on the London market. Along with the prices, the document also sets markups to them.

The Finance Ministry has cut buyback prices before. In May 2022 the ministry announced a reduction in prices for precious metals in jewelry and scrap, and it did so again in August 2022.