Published on: 2026-05-21
Source: Moscow Exchange –
An important disclaimer is at the bottom of this article.
On May 20, 2025, participants of the precious metals market of the Moscow Exchange (MOEX) concluded the first trading operations with gold in the over-the-counter mode using an anonymous quote request service.
The total volume of pilot transactions amounted to 24 kg of gold for more than 240 million rubles. The seller was the holding company “Seligdar” (SELG), participants – the largest Russian banks.
Arina Kostryukova, Director of the Currency and Precious Metals Markets of the Moscow Exchange:
“The first over-the-counter gold transactions are an important step in the development of liquidity in the Russian precious metals market. Against the backdrop of a growing volume of exchange transactions with precious metals, the Moscow Exchange takes into account the needs of market participants who are interested in conducting operations at the best price in various execution options. One of the key advantages of our new service is the ability to instantly conclude large deals without moving the level of exchange prices for metals.”
Alexander Khrushchev, President ÑHolding “Seligdar”:
“The big advantage of the new instrument is transparency and the ability to work simultaneously with all market participants. The new service will allow us to sell gold at the best quote for the entire available volume. So, the fact that Seligdar once again became the leader is an absolute lawfulness and the result of our constant work on searching for and creating new instruments for market development.”
The Moscow Exchange in March 2026 provided participants in the precious metals market the opportunity to conduct transactions with gold, silver, platinum, and palladium in an over-the-counter mode. Banks, gold mining companies, and processors can anonymously request metal quotations for purchase or sale from liquidity providers and, in the case of a matching offer, conclude deals without influencing price formation in the order book.
In the precious metals market Deals with gold, silver, platinum, and palladium backed by physical metal are available on the Moscow Exchange to investors. Trading and settlements are conducted in rubles with the participation of a central counterparty, whose functions are performed by the National Clearing Centre, allowing participants to benefit from all the advantages of a modern risk management and settlement reliability system. Delivery of precious metals is carried out in a dematerialized form through the metal accounts of clearing participants.
Please note; this information is raw content obtained directly from the information source. It represents an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.