Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
The total volume of transactions on the Moscow Exchange precious metals market by the end of 2025 increased more than threefold and exceeded 3 trillion rubles (932 billion rubles in 2024).
On the Moscow Exchange's precious metals market, investors can trade gold, silver, platinum, and palladium.
The volume of spot gold transactions in 2025 amounted to 1.2 trillion rubles (132 tons), swap transactions – 1.7 trillion rubles (186 tons).
The total volume of transactions with silver amounted to 52 billion rubles (365 tons), with platinum – 5.9 billion rubles (1.6 tons), with palladium – 5.4 billion rubles (1.6 tons).
Arina Kostryukova, Director of Currency and Precious Metals Markets at Moscow Exchange:
"The Moscow Exchange is consistently developing organized trading in precious metals, with transactions secured by physical metal in a vault. The past year has shown that more and more investors are adding precious metals to their portfolios as long-term assets. Investing in gold, silver, platinum, and palladium is becoming as commonplace as, for example, investing in high-quality bonds. And today, purchasing precious metals directly or through collective investment vehicles is part of a sound strategy aimed at preserving and growing capital, as well as protecting against systemic risks."
The number of trading transactions with precious metals on the Moscow Exchange also tripled in 2025 and amounted to 3.6 million (1.2 million a year earlier).
Last year, 118 professional market participants—banks, brokers, management companies, producers, and consumers—as well as approximately 150,000 private investors—concluded transactions with precious metals.
Prices on the Moscow Exchange precious metals market are used to calculate the Moscow Exchange Refined Gold Index. RUGOLD, as well as for gold fixing GOLDFIXME, which is used as the strike price of cash-settled gold futures contracts in rubles (GL) and premium options on this metal.
The number of precious metals exchange-traded mutual funds (ETFs) available to investors on the Moscow Exchange stock market doubled in 2025, reaching eight. The total net asset value of these funds nearly doubled last year compared to 2024, reaching 53.2 billion rubles. Investors can also trade two open-end precious metals mutual funds through organized trading.
Trading and settlements in the precious metals market Moscow Exchange trades are conducted in rubles through a central counterparty, the National Clearing Center, allowing participants to take full advantage of a modern risk management system and secure settlements. Precious metals are delivered anonymously to the metal accounts of clearing participants.
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.
