Overview

• Trading opened on October 20 for gold bars with mandatory physical delivery as the underlying asset.
• Operations run on the exchange’s systems and Goznak infrastructure, with the Moscow Mint specified as a delivery basis.
• Each transaction concludes with the transfer of a bar to the buyer rather than credits to a metal account.
• The first deal was recorded at 11.035 million rubles per kilogram.
• The exchange says its benchmarks will reflect the price of physical gold with defined delivery timing.