Kazakhstan Reduces Gold Reserves by 13.1 Tons

Kazakhstan has reduced its gold reserves to 342.5 tons. Data from the World Gold Council indicates that the volume of precious metals decreased by 13.1 tons in April compared to the previous month.

Kazakhstan continues to rank 15th (excluding the IMF and ECB), positioned between Portugal and Saudi Arabia in terms of gold reserves. Meanwhile, the traditional leading countries are the United States (8.1 thousand tons), Germany (3.3 thousand tons), Italy (2.45 thousand tons), France (2.43 thousand tons), and Russia (2.3 thousand tons).

On the Comex and LBMA exchanges, gold is trading at around $1.9 thousand per troy ounce. The National Bank’s website shows the price of the precious metal exceeding 28 thousand tenge.