BÁV gold bullion sales double in H1

Figures

Photo by BÁV Zrt.

BÁV's gold bullion sales doubled in the first half of the year, climbing over HUF 1 billion, as inflation rose, the forint weakened and the war in Ukraine continued, according to a report by state news wire MTI.

BÁV said bullion sales spiked at the end of February with the start of the war, quickly exhausting stocks. It added that 100 g gold bars, accounted for about 45% of sales.  

Until more bullion arrived at BÁV's shops, investors seeking a safe haven bought used gold jewelry.

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