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Silver and bronze medallists will also earn prize money, but only from the 2028 Los Angeles Games.
The IOC will allow Russians and Belarusians who qualify in their sport for the Paris Games, which run from July 26 to August 11, to take part as neutrals without their countries' flags, emblems or national anthems.
The revised price will be applicable from 6 am on Friday.
Banka explained that the International Testing Agency and the various international sports federations were collecting samples from athletes within Russia, as well as those training or competing overseas.
Russians and Belarusians were banned from competing internationally following Russia's invasion of Ukraine in 2022, for which Belarus has been used as a staging ground.
The IOC banned the Russian Olympic Committee in October for recognising regional Olympic councils for Russian-occupied regions of Ukraine - Luhansk, Donetsk, Kherson and Zaporizhzhia.
The Court of Arbitration for Sport court added that all of Valieva's competitive results achieved since December 25, 2021, are voided, including the gold medal she helped the Russian Olympic Committee win in the team event at the 2022 Games.
Wushu Association of India president Bhupinder Singh Bajwa will be the chairman of the panel with hockey Olympian M M Somaya and former international shuttler Manjusha Kanwar being the other two members.
On November 9, the committee recommended the Trinamool MP's expulsion. The Lok Pal has asked the CBI to probe the bribe angle
Union Minister of Women and Child Development and Minority Affairs inaugurated the Manorama News Conclave 2023 on Thursday in Kochi.