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RUSSIAN GOLD RESERVES GROW BY 600,000 OUNCES IN JUNE

by Louis Cammarosano, Smaulgld:

Russian Gold Reserves June 2016.
The Central Bank of the Russian Federation added 600,000 ounces (18.662 tonnes) of gold to its reserves in June.

Russia adds most gold to reserves since January 2016.

June’s gold addition brings Russia’s gold holdings to nearly 1,500 tons; the sixth most of any nation.

Russian Gold Reserves

After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, 700,000 ounces (21 tonnes) in January 2016, 300,000 ounces (9.33 tonnes) in February, 500,000 ounces in March and 500,000 ounces of gold (15.55 tonnes) in April, 100,000 ounces of gold (3.11 tonnes) to its reserves in May 2016, , the Central Bank of the Russian Federation announced today that it had added another 600,000 (18.66 tons) to reserves in June.

The report indicated that Russian gold reserves increased by 600,000 ounces from its May 2016 report to 48.2 million ounces (1499.19 tonnes). The chart below shows the Central Bank of Russia’s Gold Reserves by month with tonnage rounded to the nearest metric ton.

The Central Bank of Russia added 600,000 ounces of gold to its reserves in June 2016.

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