RE: No More Gold buying . Now what?15 Mar 2022 12:18
Context .............
Tue, 15 March 2022, 9:24 am
An employee processes ingots of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant in Krasnoyarsk
(Reuters) - The Russian central bank said it will suspend the buying of gold from banks from Tuesday to meet increased demand for the precious metal from households.
"Currently, households' demand for buying physical gold in bars has increased, driven, in particular, by the abolition of value-added tax on these operations," the central bank said in a statement.