Russian c bank raises gold purchase price by 5%

RUSSIA - The Central Bank of Russia has established a new procedure for calculating buy and sell quotes for refined gold, silver and platinum in bars for operations with credit institutions.

The relevant instruction [No. 1113-u of 14 February, 2002 on amending a CB Instruction of 30 September, 1999 in the procedure for calculating CB buy and sell quotations for precious metal bullion in transactions with lending organizations] was published in the February 20 issue of the Central Bank newslett

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