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The Finance Ministry is selling the precious metal

The auction is scheduled for April 26.

12.Apr.16 8:41 AM
By Svetlana Zaytseva


The Finance Ministry is selling the precious metal
The Ministry of Finance of the Russian Federation published an informational message about carrying out of open auction on sale in the domestic market nuggets from the state Fund of the Russian Federation. The auction is scheduled for April 26. Applications starting April 15. The participants in public tenders or their representatives can come and look prepared to sell the lots in the state Fund of the Russian Federation on working days until April 25. The advance payment is 15 000 rubles.

All for sale will put 132 of the object is gold bars weighing from 0.2 to 38 grams with a small quality factor from 1 to 3. The total weight of gold sold from the state Fund is almost 752 grams. The largest of these were mined in the Chukotka Autonomous region, Bilibino GOK.

According to experts, during the first months of 2016 gold has the highest rate of growth in the market over the last 30 years and increased in price by 16 percent.

Leader who buy the most precious metal following the results of February among Central banks was the Bank of Russia, which lost the people's Bank of China. Such data are cited by the international monetary Fund. So, the Bank of Russia purchased more than ten tons, the people's Bank of China is just over nine tonnes of the precious metal.

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