Page 32 - Bullion World Issue 5 Sep 2021

Bullion World | Issue 05 | September 2021
INTERNATIONAL news

Central Bank Gold

Purchases Recouped

in First Six Months

The gold purchases by central banks and other
institutions recouped during the initial half-yearly
period in 2021, said Gold Demand Trends Q2 2021
report published by the World Gold Council (WGC).

The central banks reported third consecutive
quarter of net buying in Q2. The purchases totalled
199.9 tonnes during the quartet, recording the
highest level of quarterly purchases since Q2 2019.
The purchases skyrocketed by 214%, compared
with 63.7 tonnes purchased in the same quarter a
year before. The net buying totalled 333.2 tonnes
in H1 this year, significantly higher by 63% from H1
last year.

Source: https://www.scrapmonster.com

Russia ready for

significant increase of
domestic gold mining

in years to come

Russia plans a further major increase of domestic gold
mining in years to come that will be achieved through
the development of new gold mines and accelerating
the further development of the already existing gold
mines, according to recent statements made by
representatives of some leading Russian gold mining
companies and local media reports.In terms of gold
reserves, Russia currently ranks first in the world with
a share of about 13%, while ranking 3rd in terms of
production with a share of about 9%. Last year, gold
production in Russia amounted to 340.17 tons, slightly
less than in 2019 with a reduction of 0.98%.

Source: https://resourceworld.com

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