Moscow Exchange gold market grows 87% in January, palladium up 10-fold
The physical volume of gold transactions on the Moscow Exchange in January 2026 increased by 87% compared to the same period last year, reaching 25.6 tons, while palladium transactions grew tenfold to 464 kg, according to a statement from the exchange.
At the same time, silver trading volume increased fivefold to 106.8 tons (26 billion rubles), and platinum trading volume increased sixfold to 303 kg (2.1 billion rubles).
Dynamics of exchange trading in precious metals, tons:
|
jan '26 |
jan '25 |
change % |
2025 |
2024 |
2023 |
2022 |
|
|
gold |
25,6 |
13,7 |
+ 86,9 |
318,0 |
123,3 |
83,7 |
32,3 |
|
silver |
106,8 |
21,6 |
+ 394,4 |
365,0 |
252,4 |
143,8 |
78,7 |
In monetary terms, transactions with precious metals on the Moscow Exchange in January 2026 totaled 337.1 billion rubles, compared to 123.44 billion rubles in January 2025. This includes 306.9 billion rubles' worth of gold transactions.
"Private investors showed the greatest activity in platinum trading in January – their share exceeded 64%. The share of individuals in gold trading was 5%, in silver – 62%, and in palladium – 52%," the Exchange's statement notes.
As previously reported, in 2025, the Moscow Exchange concluded transactions with gold and silver totaling 2.952 trillion rubles (318 tons of gold and 365 tons of silver), compared to 861.8 billion rubles in 2024 (123.3 tons of gold and 252.4 tons of silver).
Physical delivery trading in precious metals was launched on the Moscow Exchange in October 2013. Delivery of gold and silver based on exchange trading results is carried out through participants' precious metal accounts opened at the Non-Bank Credit Institution "National Clearing Center" (JSC), which acts as the central counterparty, clearing and settlement organization in the market, and also conducts non-trading operations with participants for the acceptance and issuance of precious metal bullion in the exchange's vault.
Source: