Russia's gold reserves reach $188.8 billion by end of August

MOSCOW, 9th September, 2024 (WAM) -- The Russian Federation's gold reserves witnessed a significant increase by the end of August, reaching US$188.8 billion.

The Central Bank of Russia stated that the value of gold reserves rose by over US$9 billion or 5.1 percent since the beginning of August, bringing the total to US$188.8 billion.

For the first time in a quarter-century, the share of precious metal in th