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Russian central bank will resume buying gold from banks, doing so at fixed price
Friday, March 25, 2022
The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, the bank said today.
The central bank, which suspended gold purchases from banks in mid-March to meet increased demand for the precious metal from households, said the resumption of buying would help ensure sustainable supply and the uninterrupted functioning of gold producers.
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