Overview
- The dollar value of Russia's gold rose by a record $92 billion over 12 months to $299.8 billion as of November 1.
- Physical bullion holdings edged lower by about 100,000 troy ounces, leaving roughly 74.9 million ounces (≈2,329.7 tonnes).
- Gold accounted for 41.3% of international reserves at the start of November, while the currency component grew about 0.5% to $426 billion over the year.
- Total international reserves fell $6 billion in the week to November 7 to $719.8 billion, marking a third consecutive weekly decline driven mainly by negative revaluation.
- Reserves had reached a record $742.4 billion on October 17 before retreating in subsequent weeks.