Published: 2018.12.13. HUNGARY'S GOLD RESERVES INCREASE TENFOLD

HUNGARY'S GOLD RESERVES INCREASE TENFOLD - Preview

The World Gold Council (WGC) published data on the results of September-October 2018. This report shows the gold volume purchases of central banks in different countries for a specified period of time.

Reserves of gold were increased by Hungary, Morocco, Iraq, India, Turkey and Kazakhstan except for Russia.

WGC regularly publishes data on gold reserves in different countries. First of all, this is official data provided by the central banks of these countries. In September-October Hungary set the record in gold purchasing. Its reserves increased by 28.4 tons to 31.5 tons.

According to the WGC, at the moment the total amount of official gold reserves in the world is 33,695.4 tons.