By Russian cenbank to restart buying gold from banks, will pay fixed price from March 28
© Reuters. FILE PHOTO: An exterior view shows Russia’s Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov
(Reuters) – 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.
($1 = 96.25 roubles)
Russian cenbank to restart buying gold from banks, will pay fixed price from March 28
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