The biggest gold nuggets weighing 38.3 and 21.7 grams were found at the Bilibinsky Mining and Processing Plant, in the Chukotka Region.
As of April 12, the gold price was $1,260 per troy ounce. In the first quarter of 2016, the price of the yellow metal increased by 16.5 percent, the highest rate since 1986.
In December, gold prices hit a record low for the last five years. The surge in the beginning of 2016 was due to investors’ concerns over the future of the global economy. Capital owners see gold as a safe asset.
Russia increased its reserves of monetary gold by 208.4 metric tons in 2015 and will continue to buy the precious metal at a growing pace.
Gold reserves have been used by the country's Central Bank to support the ruble exchange rate. In November 2014, the bank allowed the ruble to trade freely and stopped selling bullion. In November 2014, the value of Russia's gold reserves reached $510.5 billion.
