BAKU, Azerbaijan, May 12. Kazakhstan has taken
fourth place in the world in terms of gold purchases, surpassing
Russia, Trend
reports.
The total amount of gold reserves in Kazakhstan exceeded 310
tons.
In March 2024, Türkiye was the largest buyer of gold, having
purchased 14.1 tons. India came in second, with 5.1 tons, and China
took third place with 5 tons.
Kazakhstan and Singapore shared the fourth place, each of the
countries purchased 4.5 tons of the precious metal in March 2024.
Russia ranked fifth with 3.1 tons.
Uzbekistan was the largest seller of gold, trading 10.9 tons.
Thailand and Jordan reduced their reserves by 9.6 and 3.7 tons,
respectively.
Kazakhstan has a total of 310.6 tons of gold. Regarding its
reserves, it ranks 17th (excluding the IMF and the ECB), ranking
between Saudi Arabia and the UK.
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