Russian cenbank to restart shopping for gold from banks, pays mounted value from March 28


March 25 (Reuters) – The Russian central financial institution will restart shopping for gold from banks and pays a set value of 5,000 roubles ($52) per gramme between March 28 and June 30, the financial institution mentioned on Friday.

The central financial institution, which suspended gold purchases from banks in mid-March to satisfy elevated demand for the dear metallic from households, mentioned the resumption of shopping for would assist guarantee sustainable provide and the uninterrupted functioning of gold producers.

($1 = 96.25 roubles)

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Reporting by Reuters; Enhancing by Alex Richardson

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