World

Historic Surge In Russia’s Gold Reserve As It Reaches $200 Billion

Russia’s gold reserve reached a record high of $207.7 billion in October, according to the central bank. This milestone marks the first time the country’s gold reserves have exceeded $200 billion.

The share of gold in Russia’s international reserves also rose, increasing to 32.9 percent from 31.5 percent last month. This is the highest proportion since November 1999, when gold accounted for 34 percent of Russia’s reserves.

Also Read: Russia’s First Deputy Prime Minister Denis Manturov To Visit India To Strengthen Bilateral Economic Ties

Historically, in Russia’s gold reserve,the gold share was at its peak on January 1, 1993, when it reached 56.9 percent. The lowest was recorded at 2.1 percent in June 2007, as reported by Xinhua, citing Russia’s RIA Novosti news agency.

Meanwhile, the Bank of Russia reported that the total value of the country’s international reserves dropped slightly to $631.6 billion in October, down from $633.7 billion in September.

Shibra Arshad

Recent Posts

Jamaat-e-Islami Hind (JIH) Opposes Waqf Bill; Calls It Legislative Discrimination

JIH President Syed Sadatullah Husaini condemns the Waqf Amendment Bill for singling out Muslims and…

10 mins ago

India’s Raw Silk Production Sees Growth; Employment In Sector Rises

India’s raw silk production hit 34,042 MT by January 2025, Minister of State for Textiles…

34 mins ago

Passenger Vehicle Sales In India See Marginal Growth In FY25

India’s passenger vehicle (PV) sales rose 2.6% year-on-year in FY25, impacted by a high base…

38 mins ago

India Inc Stands Firm As Trade War Threatens Export Sectors

India Inc’s credit ratio improved to 2.35 in H2 FY25, driven by domestic demand, but…

47 mins ago

UPI Transactions Surge In March; Crosses Rs 24.77 Lakh Crore

NPCI data shows UPI transactions surged to 18.3 billion in March, marking a 13.59% increase…

48 mins ago

India Expands Humanitarian Efforts In Myanmar Under Operation Brahma

The Indian Army has successfully operationalized a 200-bed field hospital in Mandalay, Myanmar, as part…

58 mins ago