Mark your dates for 4th Asia Pacific Precious Metals Conference on 07-09 June 2020 at Mandarin Orchard, Singapore..., Mark your dates for 17th India International Gold Convention on 03-05 Sept 2020 at Radisson Blu Resort & Spa, Udaipur...
 You are here : Home > ETF & Others

Turkey and Russia continue expanding gold reserves

Wed Nov 06 2019


The Central Bank of the Republic of Turkey (CBRT) and the Bank of Russia led gold purchases globally in the third quarter of 2019, according to the World Gold Council. Central banks continue to expand gold’s role in their reserves portfolios. Last quarter, total buying reached 156 tonnes, and purchases in the year to the end of September increased by 12% to 547 tonnes.


The CBRT accelerated its acquisitions and bought more than 71 tonnes last quarter, which took its gold reserves to 380 tonnes.