The Federal Government Institution "State Institution on Formation of the State Fund of Precious Metals and Precious Stones of the Russian Federation, Storage, Release and Use of Precious Metals and Precious Stones (Gokhran of Russia) under the Ministry of Finance of the Russian Federation” was established in accordance with the Russian Government Order No. 1646-p of September 30, 2010, by changing the type of the State Fund of Precious Metals and Precious Stones of the Russian Federation on Storage, Release and Use of Precious Metals and Precious Stones (Gokhran of Russia) under the Ministry of Finance of the Russian Federation, which was established in accordance with the Russian Government Order No. 1378 of November 21, 1996 «On setting up the State Fund of Precious Metals and Precious Stones for Storage, Release and Use of Precious Metals and Precious Stones (Gokhran of Russia) under the Ministry of Finance of the Russian Federation”.
In accordance with the Charter of the Gokhran of Russia approved by Order No. 196 of the Ministry of Finance of the Russian Federation of May 30, 2011, the main objectives of the Gokhran of Russia are: 1) formation of the State Fund of Russia with precious metals (gold, silver, platinum and platinum group metals), precious stones (natural diamonds, emeralds, rubies, sapphires and alexandrites, natural pearls (both raw and processed), and unique amber formations, equivalent to precious stones in the prescribed manner), products made of precious metals and precious stones, their scrap and waste, as well as release of the valuables from the State Fund of Russia; 2) storage, recording and preservation of the valuables of the State Fund of Russia.