Russian banks have increased sales of gold in April, the reserves of the precious metal declined by 4.6 tons. This happened on the background of the problems with the export of the pandemic in the fashion industry who decided with the help of special flights, writes RBC.
According to the statistics of the Central Bank, in April the investments of credit institutions in precious metals was reduced to 296,6 billion, or 6.1% compared to March.
According to the analyst of the Bank BKF Maxim Osadchy, last month, exports grew by 15%, so that the volume of gold decreased by 4.6 tons to 73,4 tons.
According to experts, gold is associated with a high demand for it. Prices for the metal earlier in the year has grown considerably, which together with the depreciation of the ruble made the transaction very profitable.
the Publication has noticed that the Central Bank since April 1, has suspended the purchase of gold in the domestic market, and this means that to sell it was only possible to foreign buyers. The exports greatly complicated the problems with air transportation worldwide, resulting from pandemic coronavirus.
With the supply of gold has helped the Ministry of transport. The Agency contributed to the launch of Charter flights for delivery of valuable goods, and were allowed to use passenger liners.
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