Central banks’ gold buying hits highest since 2015

Baku. 2 November. REPORT.AZ/ Central banks’ gold buying during Q3 hit highest since 2015, the World Gold Council reports, Report informs.

Led by Russia (99.2 tonnes) and Turkey (18.5 tonnes), the central banks bought 148 metric tons of gold in the quarter, up 22% Y/Y, according to the report.

So, gold reserves of the Central Bank of Russia exceeded 2,000 tonnes. Russia currently accounts for 17% of gold-currency reserves.

Moreover, Kazakhstan’s gold reserves reached 14.4 tonnes, India’s – 13.7 tonnes and Poland’s – 13.7%.