The Russian central bank bought about 92 tons of gold in July-September, a quarterly record for the country, which is now selling dollar-denominated assets actively, the World Gold Council said in a report on November 2.
Russia’s gold reserves exceeded 2,000 tons for the first time ever and now account for 17% of the global accumulations.
Turkey is the second largest buyer, with purchases up by 18.5% despite devaluation of the local currency. (Prime/Ukrainian metal)