Russia adds six tonnes to gold reserves in April

May 20th, 2009

By Melanie Burton

London, 20 May 2009 - Russia added six tonnes of gold to its reserves in April, bringing total inflows since the start of the year to 18 tonnes, data from the Russian central bank website showed on Wednesday.

Gold reserves in April grew to 17.3 million ounces from 17.1 million ounces in March. In 2008 Russia added 69 tonnes to its reserves, according to figures from consultancy VM Group.

As of December, Russia stood in 11th position of world official gold holdings, at 495.90 tonnes, ahead of Taiwan, at 422.40 and behind the European Central Bank, which held 533.6 tonnes.

The Bullion Desk
http://www.thebulliondesk.com

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