MOSCOW, Jan 17 (Reuters) - Russia's VTB bank said on Wednesday that it had sold 33.2 metric tons of gold bars to individual customers in 2023, 7.3 tons of which was sold in December.
Russian demand for gold peaked in 2022, when, after the abolition of VAT, Russians bought more than 50 tons of gold bars, 10 times levels seen in previous years.
In a statement, VTB said that 2024 is likely to be favourable for the gold market, and that prices may rise.
(Writing by Felix Light; editing by Jason Neely)
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