According to reports by RIA Novosti based on data provided by the Central Bank of Russia, experts attribute these records to the global rise in prices for this precious metal.
Additionally, Russia’s investments in gold increased by 2.2% in November 2023, reaching around $151.9 billion, marking the highest level in modern history. The previous maximum was recorded recently in October 2023, totaling $148.7 billion.
It’s worth noting that Russia’s gold reserve is the stock of refined gold under the management of the Central Bank of the Russian Federation, forming part of the country’s gold and foreign exchange reserves.