Gold Reserves in Hungary at Record High
- 13 Aug 2024 11:52 AM
- Hungary Around the Clock
![Gold Reserves in Hungary at Record High Gold Reserves in Hungary at Record High](/binaries/content/gallery/2024-photos/finance/08/gold-reserve-2024.jpg/gold-reserve-2024.jpg/xpatloop%3Achannelslarge)
Including the gold, the MNB's total international reserves stood at euro 47.4 billion at the end of July, near to their highest-ever level.
The MNB increased the quantity of its gold reserves tenfold at a price of $1,200 per ounce in October 2018, boosting the total to euro 1.1 billion from one month to the next.
Then the MNB tripled the volume of gold reserves in March 2021 at a price of $1,700 per ounce, raising the value to euro 4.4 billion.
Since then, the volume of gold reserves has not changed.
As the price of gold peaked at $2,450 in July, the value of gold reserves also hit a record high.
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