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

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

1 hour ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

2 hours ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

3 hours ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

3 hours ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

3 hours ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

4 hours ago