Russia's gold reserves hit a new all-time high in May

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Russia's gold reserves value updated for fourth month in a row
The value of Russia's gold reserves at the end of May amounted to $248.2 billion, and its share in the reserves reached 36.5%, according to the Central Bank data. The value of gold reserves has been breaking the record for the fourth month in a row, Prime reports .
Earlier on Friday, the regulator reported that Russia's international reserves rose to $680.4 billion as of the morning of June 1 from $680.3 billion on May 1.
Russia's investment in gold grew by only 0.5% at the end of spring, reaching a record high in modern history of $248.2 billion.
The share of gold in Russian assets increased to 36.5% from 36.3% a month earlier. This is the highest figure since October 1999. At that time, gold accounted for 39.7% of reserves, and its value was then $4.7 billion.
The maximum share of gold was observed on January 1, 1993, at 56.9%, and the minimum was in June 2007, at 2.1%.
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