Monday, October 28th 06:05 PM IST

Turkey, Kazakhstan raise Gold holdings, Russia reserves ease

# central banks  # gold holdings  # Russia  # Turkey  # Kazakhstan  

Turkey, which has the world's 11th-largest gold reserve, also lifted its holdings by 23 tonnes in August to 487 tonnes. Kazakhstan, which has been an active buyer in the official-gold sector, bought 2.5 tonnes gold to 137 tonnes in September.

Image Courtesy of BigStockPhoto.com

WASHINGTON (Bullion Street): Russia's gold holdings eased while Turkey and Kazkhstan raised their gold holdings, according to International Financial Statistics updated by International Monetary Fund (IMF).
Turkey's central bank raised its gold holdings by 2.91 tonnes to  490.261 tonnes in September, extending its gold-buying trend to a third consecutive month, preliminary data from the IMF showed. 

Turkey, which has the world's 11th-largest gold reserve, also  lifted its holdings by 23 tonnes in August to 487 tonnes. Kazakhstan, which has been an active buyer in the official-gold sector, bought 2.5 tonnes gold to 137 tonnes in September.

Meanwhile, value of India's gold reserves remained unchanged last week at Rs 1336.4 bn, according to Reserve Bank of India (RBI).

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