Gold reserves in the Russian Federation did not change in July and amounted to 2,329.6 tons (74.9 million ounces). In June, reserves also remained unchanged, said RIA Novosti with reference to the Bank of Russia.
At the same time, the value of gold in reserves in July 2023 increased by 2%, to $145.783 billion. The share of gold in the country's international reserves increased from 24.54% to 24.71% in value terms.
In March this year, the Bank of Russia resumed the publication of data on the volume of gold in the international reserves of the Russian Federation after a one-year break.
At the end of 2022, the reserves of monetary gold in the international reserves of the Russian Federation decreased by 0.14%, or by 3.11 tons, to 2298.55 tons. In previous years, Russia was accumulating gold reserves.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
