16 Nov 2009 15:31

CB prepared to buy gold from Russian state repository

MOSCOW. Nov 16 (Interfax) - The Central Bank of Russia is prepared to buy the whole amount of gold that the State Precious Metals and Gemstones Repository (Gokhran) puts on the market if the terms are right, CB First Deputy Chairman Alexei Ulyukayev told reporters.

"I think we'll buy the whole lot if the terms arte acceptable, and I think they will be," Ulyukayev said.

Earlier reports say the Gokhran plans to sell around 25 tonnes of gold this year, possibly on the domestic market.