In January-April 2022, Sberbank sold 7 tons of gold and 3 tons of silver bullion to customers, the bank said.
In the same period last year, customers bought 2.6 tons of precious metals in ingots, so sales increased and purchases increased by 3.8 times (+284.6%).
“We see a logical increase in interest in bullion, because it is an opportunity to save money from inflation. Now we are actively working with suppliers to ensure the availability of bars of various sizes in our offices,” said Sergey Shirokov, director of the Borrow and Save division of Sberbank.
Experts explain the increased demand for gold by the fact that during periods of market uncertainty and increased volatility, gold is seen as a protective asset that allows savings in the first place.
