In April, the demand for gold from Russians was a record for this year against the backdrop of its highest value.
Rich Russians are actively buying gold and updated the record for its purchase from the state bank VTB in April – 4.8 tons. This is 79% higher than in March and more than three times higher than in April last year, TASS reported on Wednesday, May 17.
“In April, the demand for gold from wealthy clients was a record for this year against the backdrop of its highest value. If in the first quarter the average monthly sales of bars reached 2.5 tons, then in April this number reached 4.8 tons,” the statement said. message.
VTB noted that gold is suitable for diversifying investments, and investors in the Russian Federation actively include it in their portfolios.
“In addition, gold bars can act as an alternative to the dollar as a tool for hedging currency risks. We predict that this year the demand for buying gold will continue,” said the bank .
At the end of April, the portfolio of ingots sold by VTB increased by 12% and exceeded 44 tons.
It will be remembered that a Russian was detained at Moscow’s Domodedovo airport, trying to take 24 kg of gold from Russia worth more than 126 million rubles. Two high quality gold bars were produced in 2022 and 2023.
A tourist tried to bring two kilograms of gold to China in sneakers
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Source: korrespondent
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