Russia is still buying gold - not selling it

``Is the Russian central bank selling its gold? No, it's continuing to buy gold. When he was President, Vladimir Putin instructed that Russia hold 10% of its reserves in gold. Since then the Russian central bank has been buying gold from local production as you can see from the World Gold Council's numbers above. With Russia producing around 203 tonnes a year from its mines, the last year's purchases amounted to 144.3 tonnes. ''