Russia’s gold reserves rose by 9 tons in July, increasing the value of the bullion holdings by 1.64% to a hefty $101.923 billion (€92 billion), as of August 1. Official figures show gold now accounts for 19.6% of the total reserves of the Russian Federation. July’s gold purchases brought the country’s gold reserves to a total of 2,217.68 tons (71.3 million ounces), and increased by 0.42% in one month, according to the latest data released by the Central Bank of Russia (CBR). Also on rt.com Gold in, dollar out: Russia set to become world’s 4th biggest reserve holder
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