Precious metals traded for RUB 6.1 billion in April
In April, turnover of gold and silver on the Moscow Exchange's Precious Metals Markets grew 990% YoY to RUB 6.05 bln. Around 3.0 t of gold were sold.
Alfa-Bank joined the market, bringing the total number of member firms to 52, of which 43 are banks and nine are investment companies.
Moscow Exchange launched spot gold and silver trading in October 2013. Precious metals are delivered to trading members' unallocated precious metals accounts with the National Clearing Centre, which acts as the CCP, clearing house, and settlement house, and facilitates bullion deposits/withdrawals at two Moscow-based vaulting facilities. The market's total trading volume was RUB 16.4 bln in 2014.
Moscow Exchange trading volumes, RUB:
| April 2015 | January – April 2015 | January – April 2014 | |
|---|---|---|---|
| Gold | 6,051,739,354.40 | 17,422,793,747.70 | 1,890,734,263.40 |
| Silver | 881,186.00 | 19,387,398.00 | 28,376,399.00 |
Moscow Exchange trading volumes, kg:
| April 2015 | January – April 2015 | January – April 2014 | |
|---|---|---|---|
| Gold | 2,987.2 | 7,653.4 | 1,274.9 |
| Silver | 32.3 | 559.5 | 1,272.1 |
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