Media

The Polymetallic Holding Group Seligdar (hereinafter referred to as the “Holding Group” or “Seligdar”) (MOEX: SELG) has sold its first gold in an over-the-counter (OTC) mode using the Moscow Exchange’s anonymous request for quote (RFQ) service for the precious metals market.

The total volume of pilot transactions involving major Russian banks amounted to 24 kg of gold worth more than 240 million Russian roubles.

In March 2026, the Moscow Exchange provided precious metals market participants with the ability to transact in gold, silver, platinum and palladium in an OTC mode. Banks, gold mining companies and refiners may anonymously request quotes to buy or sell metals from liquidity providers and, upon receipt of a matching offer, execute transactions without affecting the pricing in the exchange order book.

Aleksandr Khrushch, President of Holding Group Seligdar:

“The Moscow Exchange, implementing its innovative approach to the development of the precious metals trading market, has delivered a product from which all participants benefit. A major advantage of the new instrument is its transparency and the ability to work with all market participants simultaneously. The new service will enable us to sell gold at the best price for the entire required volume. The fact that Seligdar has once again become a pioneer is entirely natural and is the result of our ongoing efforts to find and create new instruments for market development.”

Arina Kostryukova, Director for Foreign Exchange and Precious Metals Markets at Moscow Exchange:

“The first OTC gold transactions are an important step in developing the liquidity of the Russian precious metals market. Against the backdrop of a growing volume of exchange-traded precious metals transactions, the Moscow Exchange takes into account the needs of those professional participants who are interested in executing transactions at the best price across various execution options. One of the key advantages of our new service is the ability to instantly execute large transactions without moving the level of exchange prices for the metal.”

On the Moscow Exchange’s precious metals market, investors have access to transactions in gold, silver, platinum and palladium backed by physical metal held in a depository. Trading and settlements are conducted in Russian roubles with the participation of a central counterparty, the functions of which are performed by the National Clearing Centre (NCC). This allows participants to benefit from all the advantages of a modern risk management system and settlement reliability. Delivery of precious metals is carried out in an unallocated form to the clearing participants’ metal accounts.