The world’s Central banks have shown a four-year record of gold purchases

The world’s Central banks in the third quarter of this year purchased a record in 2015 the amount of gold — 148,4 tonnes RB 110.7 t occurred in two countries — Russia and Turkey

Photo: Alexander Ryumin / TASS

In the third quarter of 2018, the purchase of gold by Central banks in the world reached a record high in 2015 of values, with a large share of this record provided the actions of the Central Bank of Russia and Turkey, said in a research report the world gold Council (WGC).

In just the last three months the world’s Central banks purchased 148,4 t gold. That’s 22% more than in the same period last year (121,8 m), and high in 2015.

The largest buyer of gold was the Bank of Russia, which for the third quarter acquired of 92.2 tonnes of gold. The total value of its gold reserves, the Central Bank in September was estimated almost 2 thousand tons (about $77,26 billion). By November, the reserves of Russia exceeded 2 thousand tons, said the WGC. Thus, the share of the precious metal accounted for over 17% of total Russian reserves.

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