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Russia's gold reserves reach new maximum
According to the data published by the Central Bank of Russia, the value of the country's gold reserves at the end of April updated the previous record and amounted to $247 billion.
Based on the regulator's reports published earlier this week, Russia's international reserves increased to $680.3 billion on May 1. At the beginning of last month, the figure amounted to $647.4 billion.
In April, the Russian Federation’s investments in the yellow metal grew by 7.9%, setting a new maximum of $247 billion. The share of gold in Russian assets also rose to 36.3% compared to 35.4% for the same period last year. At the moment, the country ranks fifth in the world in terms of precious metal reserves.
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