Cbank: Share of gold in Russia’s reserves rises to 24.4% on Aug 1

MOSCOW, Aug 20 (PRIME) -- The share of gold in Russia’s international reserves increased to a record of 24.4% as of August 1 from 23% on July 1, the central bank said in a statement on Thursday.

The regulator did not buy monetary gold for the reserves in July and the physical reserves remained flat at 73.9 million ounces or 2,298.547 tonnes. But in monetary terms, gold reserves grew by 13.5% to U.S. $144.3 billion as of August 1 from $130.790 billion as of July 1.

The central bank said it will suspend gold purchases on the domestic market on March 30 and has bought no gold since April 1.

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