Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
On March 3, 2026, the Bank of Russia included the Methodology for Calculating the Moscow Exchange RUGOLD Refined Gold Index in registry of indicator administratorsThis confirms that the RUGOLD calculation methodology complies with the regulator's established requirements for transparency, reliability, and quality of financial indicator administration.
Inclusion in the Bank of Russia's register adds credibility to the Moscow Exchange benchmark and ensures legal certainty when using it as a benchmark for gold's market value. This will also allow RUGOLD to be used in regulatory documents issued by government agencies and the Bank of Russia.
In December 2025 Moscow Exchange became the first organization included in the register, the RUSFAR money supply index was the first indicator to be included in it.
Sergey Golovanev, Director of Index Products Development at Moscow Exchange:
"The RUGOLD Index is an independent indicator for measuring the overall performance of the refined gold market in Russia. Furthermore, the RUGOLD Index can be used for investment and informational and analytical purposes, including as a benchmark for creating derivative instruments and exchange-traded mutual funds. We welcome the Bank of Russia's decision to include it in the register."
Moscow Exchange Refined Gold Index RUGOLD — the first Russian gold price indicator. It is calculated in rubles based on orders and trades for the GLDRUB_TOM instrument on the Moscow Exchange precious metals market and reflects the market price of gold on the domestic market. The quality of the index's formation and calculation was assessed with the participation of the Federal Antimonopoly Service, the Ministry of Finance, and the Ministry of Economic Development of the Russian Federation.
The Moscow Exchange began calculating and publishing the RUGOLD index in February 2023. The initial value of 4,229.17 rubles per gram of gold became the minimum, and the current value has almost tripled to 13,094.2 rubles. RUGOLD reached its maximum on January 29, 2026, at 13,433.63 rubles.
Moscow Exchange is Russia's largest exchange and the only multifunctional platform in Russia for trading stocks, bonds, derivatives, currencies, money market instruments, and commodities. The exchange calculates over 400 different indicators financial market: stock index family, bond index family, public sector indices, pension savings market indices, innovation index, volatility index, commodity indices, real estate indices, currency fixings, money market indicators.
Contact information for media: 7 (495) 363-3232PR@moex.com
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