Russia increases gold reserves by 79.5 tonnes in 2013
Duncan Richardson, News Editor
24 Jan 2014, 9:51 a.m.
The Central Bank of Russia has announced it added a further 700,000 troy ounces to its gold reserves in December. In 2013 Russia increased their gold holdings by 2.5 million troy ounces to 79.5 metric tonnes. Russia is estimated to have mined 240 metric tonnes in 2013, which would indicate only a third of what they mined last year went into their reported reserves.