Russian Central Bank Restarts Buying Gold at a Fixed Price of 5,000 Roubles Per Gram

PUBLISHED BY GOLDBROKER ™ | MAR 28, 2022

The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gramme between March 28 and June 30, the bank said on Friday.

The central bank, which suspended gold purchases from banks in mid-March to meet increased demand for the precious metal from households, said the resumption of buying would help ensure sustainable supply and the uninterrupted functioning of gold producers.

Original source: Reuters

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