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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (21116)10/8/1998 8:24:00 AM
From: cool  Read Replies (1) | Respond to of 116753
 
B: Gold recently sold by Savings Bank worth 1,5 million doll
B: Gold recently sold by Savings Bank worth 1,5 million dollars.

MOSCOW, October 8 (Itar-Tass) - In August-September, Russia's Savings
Bank has sold 120 kilograms of gold to the population in metric gold
bars, Prime Tass was told by the press service of the Savings Bank.

At present, metric gold bars are sold in 20 regions of Russia. Over the
past months of 1998, the Savings Bank purchased over ten tons of golf
from gold-digging enterprises situated in 14 regions of the Russian
Federation. According to preliminary estimates, until the end of the
year regional branches of the Savings Bank will buy no less that five
tons of precious metals from gold-miners.

Over 90 percent of gold, purchased from gold producers in
August-September, is bought from the Savings bank by the Bank of Russia
at the interbank market.

ere/ezh

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