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Russia gold holdings drop, Mexico, Philippines gain

from Bullion Street:

 

Russia’s gold holdings dropped while Philippines, Mexico and Kazakhstan improved their reserves off late.

Russia’s gold reserve as of May 1 was 28.8 million troy ounces and the value of gold reserve increased in the course of April, by 0.2% to $47.912 billion.

Russia increased the size of its gold reserve by 11.8% in the course of 2011. Its value increased 25% in the same period.

Meanwhile, Mexico raised its gold holdings by 2.92 tonnes to 125.5 tonnes in April, while Kazakhstan raised its reserves by 2.02 tonnes to 98.19 tonnes last month and Ukraine added 1.40 tonnes to bring its reserves to 30.607 tonnes, according to data from the International Monetary Fund.

Read More @ BullionStreet.com

Read More @ WRC559.com

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