New Refined Gold Index in Russian market
30 June 2023
News
The method to calculate the Refined Gold Index was approved by an interagency working group. The Index is calculated by the Moscow Exchange in rubles on the basis of transactions in gold.
Currently, the index is already used for calculating the strike price of cash-settled gold futures. Besides, it may be a benchmark for the internal marketable value of gold not only for banks and other financial market participants, including retail investors, but also for gold producers and commercial users.
The Refined Gold Index will be included in the national system of price indicators.
Preview photo: Alexander Ryumin / TASS