Purchases of gold on the Moscow Exchange
18 October 2017
Press release
Aiming to further develop the organised precious metals market and increase the number of counterparties, the Bank of Russia, starting from 1 November 2017, will not only conduct over-the-counter purchases of gold, but also make purchase bids for gold on the Moscow Exchange under GLDRUB_TOM.
Purchase bids will follow the London Bullion Market Association’s release of the benchmark price of the morning gold price auction (LBMA GOLD PRICE) and will be made three times at a five minute interval based on current market prices but not exceeding the ruble equivalent of the morning LBMA GOLD PRICE.
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