The share of gold in Russia's reserves has reached its highest level since 1995

The share of gold in Russia's international reserves has reached a record high, updating the highs since the winter of 1995. At the same time, its value has increased to almost $300 billion. This follows from the data of the Central Bank of Russia on November 10.

As of November 1, the volume of the country's international reserves amounted to $725.8 billion, which is 1.7% more than at the beginning of October, when reserves amounted to $713.3 billion.

Investments in gold increased significantly, reaching $299.8 billion, which is 6.2% more than last month. This indicator has become the highest in the modern history of Russia and continues to grow for the third month in a row.

The share of gold in Russia's international reserves increased from 39.6% to 41.3%, which is the highest value since February 1995, according to an analysis by RIA Novosti based on data from the Central Bank of Russia.At that time, gold accounted for 43.9% of reserves, but its value was only $5.5 billion.

The historical maximum share of gold was recorded on January 1, 1993 — 56.9%, while the minimum value, only 2.1%, was recorded in June 2007.

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On November 10, it was reported that Russia's international reserves increased by 1.76% to $725.841 billion. It was noted that the increase was in the amount of $12.54 billion. In addition, the value of monetary gold in reserves increased by $17.608 billion last month to $299.821 billion.

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