The share of gold in the reserves of the Bank of Russia fell

The share of gold in the reserves of the Central Bank (CB) of the Russian Federation decreased in September to 41.22 percent from 43.36 percent in the previous month. RIA Novosti reports this with reference to data as of October 1, published on the regulator’s website.

As follows from the materials of the Central Bank, in general, Russian reserves decreased in September from 769 billion dollars to 731.8 billion. At the same time, the cost of gold fell by about 10 percent - from 333.5 to 301.6 billion dollars.

In the summer it was reported that the Bank of Russia became the largest net seller of gold, selling 6 tons in July, and since the beginning of the year - 50 tons of the precious metal.