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Russia adds 25 metric toones of gold to official reserves in March

Platts (London)  |  S&P Global

Russia added around 800,000 oz (25 mt) of gold to its official reserves in March, data released by the country’s central bank indicated Thursday.

The figure is up from 300,000 oz (9 mt) reported in February, but below 1 million oz (31 mt) for January.

Russia’s central bank reports gold reserves initially in monetary value before releasing the volume on the International Monetary Fund website at a later date, but additions can be calculated using the month-end London Bullion Market Association gold price.

It takes total gold holdings to around 1,680 mt, making it the world’s seventh-largest holder of gold reserves, according to the IMF, behind the US, Germany, the IMF itself, Italy, France and China.

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