Russia currently holds total gold reserves worth $47.7 billion, down from $50.6 billion in October, the central bank said Wednesday, but with lower gold prices the implied change in the country's reserves in November is an additional 34.2 mt.
It means Russia's total gold reserves now stand at 1,404.8 mt, up from 1,370.6 mt at the end of October, and takes total additions by Russia this year to 197.1 mt, compared with in total additions in 2014 of 172 mt.
The country's central bank reports gold reserves initially in monetary value, before releasing the volume on the IMF website at a later date.
Using the month-end London Bullion Market Association gold price, implied additions can be calculated.
Russia is the world's seventh-largest holder of gold reserves, according to the International Monetary Fund, behind the US, Germany, the IMF itself, Italy, France and China.
The London Bullion Market Association gold price settled at $1,065.75/oz Wednesday morning, down $4.25/oz from the previous session.
