The exchange rates of precious metals in the country are regulated by the Central Bank. The information below will be interesting and useful to those who are interested in the financial market, sell and buy metal for personal or industrial purposes, invest or are just planning to do so. In the article you will find current quotes and price dynamics. I will also tell you what indicators affect the rate of precious metals of the Central Bank of the Russian Federation, whether it is profitable to invest in such assets, what are the forecasts for price changes in the coming years.
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The Central Bank issues metal quotations daily on weekdays. The basis is the London fixing, converted from US dollars to rubles at the current exchange rate. Below are live charts of current Central Bank prices for refined precious metals.
Gold per gram
Price 999 standard according to the Central Bank | Market value of the sample today | Scrap price | Price in jewelry |
Silver per gram
Price 999 standard according to the Central Bank | Market value of the sample today | Scrap price | Price in jewelry |
Platinum per gram
Palladium per gram
Is it profitable to invest in precious metals?
I would recommend judging the profitability of investments in precious metals primarily based on the dynamics of stable growth in their value. For example, the exchange rate of one ounce of gold has risen from US$300 in 2000 to US$1,300 in 2021; silver – from 5 to 15 US dollars for the same period; platinum – from 450 to 800 US dollars, palladium – from 700 to 1300 US dollars.
Price fluctuations also include periodic recessions as a reaction to changes in the political and economic situation in the world. Overall, gold prices continue to rise, providing good returns over the long term.
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Lyudmila Pestereva
Our most experienced gold investor
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In most cases, the yield on metal assets is even higher than on bank deposits, and rarely remains at zero or negative for a long time.
Advantages and disadvantages
Investments in precious metals have the following advantages compared to other financial instruments:
- Market stability.
- High degree of liquidity: metals can be easily and quickly sold if necessary.
- Diversification of investment risks by dividing the portfolio into several assets.
- Profitability ensured by rising prices.
- Protection of capital from inflation processes, emergencies - revolutions, wars.
- A large selection of investment methods - bars, coins, impersonal accounts, trading on the stock exchange, investment funds.
Among the disadvantages, I would note that the price of the precious metal can fluctuate in a fairly wide range. This is not the most flexible investment instrument due to the high spread - the difference between buying and selling. You can’t count on quick profits and capital growth. Today, precious metals are a tool for long-term investments.
Current compulsory medical insurance quotes by banks
With the help of compulsory medical insurance, clients will learn the exact dynamics of the development or depreciation of precious metals. The virtual investment does not include assay, weight or manufacturer. Opening an impersonal account is a profitable investment, which has been proven by the increase in the cost of precious metals not over the past few years, but over decades.
The key repulsive source of quotes is the Central Bank of Russia, and the rate of gold at the time of updating the article is (per 1 gram) - 4367.41 rubles, silver - 58.81 rubles, platinum - 2579.97 rubles, palladium - 5080.63 .
Go to the website of the Central Bank of the Russian Federation
Current Central Bank quotes for tomorrow cannot be formed today or several days in advance. The Central Bank generates reports every day based on preliminary calculations. Quotes are based on the price of precious metals on the London spot market. The level of demand and supply for metals abroad is also taken into account. This leads to slight deviations of domestic quotations in the Russian Federation from global indicators.
When choosing metal deposits as a means of investment, the client is required to analyze current quotes on a daily basis. They are offered on the official websites of banks in the form of tools for financial programs or as information blocks in user accounts.
Sberbank
Among the popular institutions for investing in precious metals is Sberbank. He himself forms quotes, studying the demand of funds, individuals and the current situation on the world market. Sometimes the cost of metals in the capital will differ from the price set in the regions. The spread is up to 10%, sometimes up to 15%.
Many domestic investors are gradually switching from securities to precious metals. A profitability calculator and current quotes are available on the official website:
Metal | Purchase (RUB) | Sales (RUB) |
Gold | 4174 | 4637 |
Silver | 56,41 | 62,61 |
Platinum | 2453 | 2725 |
Palladium | 4825 | 5366 |
Potential investors have the right to choose any period for displaying quotes to compare data and assess the quality of investments.
Quotes for today in Sberbank
Alfa Bank
The presented quotes are current as of January 26, 2021:
Metal | Purchase (RUB) | Sales (RUB) |
Gold | 4437,70 | 4537,70 |
Silver | 60,94 | 62,14 |
Platinum | 2609,67 | 2684,67 |
Palladium | 5575,55 | 5675,55 |
Sales and purchases of metals are carried out instantly when the client contacts the bank. Online, investors can track current quotes and make changes to the investment portfolio, increasing or decreasing volumes.
Anyone can open a compulsory medical insurance account at Alfa-Bank by first signing an agreement at any branch. Investments are not issued in bullion format.
Quotes for today in Alfa-Bank
VTB
It is clarified that from October 1, 2017, the bank does not open unallocated metal accounts. Open before this date, service is normal. Current quotes are available for investors:
Metal | Purchase (RUB) | Sales (RUB) |
Gold | 4270,50 | 4538 |
Silver | 57,51 | 61,18 |
Platinum | 2469,40 | 2697,80 |
Palladium | 4873,80 | 5294,60 |
Depending on the time of day, quotes may change. Current data can be obtained from the manager online or at the bank office.
When replenishing or withdrawing funds from compulsory health insurance, a calculation is carried out on the current date with payment in ruble equivalent. The mass of metal is not limited by standard conditions, as in the situation with ingots. But minimum amounts for the sale and purchase of metals have been established - silver (1 g), gold, platinum and palladium (0.1 g).
Quotes for today at VTB
Gazprombank
Starting from 06/01/2018, new impersonal accounts will not be opened at Gazprombank. All operating ones are serviced normally.
Quotes presented at the time the article was updated:
Metal | Purchase (RUB) | Sales (RUB) |
Gold | 4040,46 | 4556,26 |
Silver | 53,93 | 62,05 |
Platinum | 2289,89 | 2688,13 |
Palladium | 4411,67 | 5075,80 |
All rates of impersonal metal accounts are updated every day, but they may change during the day. There is functionality for obtaining data on quotes for any given time range.
Quotes for today in Gazprombank
Rosselkhozbank
A distinctive feature of the bank is the establishment of individual quotes, when the cost of gold differs from one client to another. They are formed subject to transactions where the volume of gold, palladium and platinum is more than 2,000 grams, and the volume of silver is more than 100 kg.
As of January 26, 2021, the current quotes are as follows:
Metal | Purchase (RUB) | Sales (RUB) |
Gold | 4294 | 4473 |
Silver | 57,9 | 60,30 |
Platinum | 2475 | 2690 |
Palladium | 4820 | 5355 |
The account is opened on the basis of an agreement signed in one of the bank's branches. Operations are carried out in accordance with the legislation of the Russian Federation.
Quotes for today in Rosselkhozbank
Promsvyazbank
The Bank sets the following minimum volumes of metals for transactions:
- gold, platinum, palladium – from 50 troy ounces;
- silver – from 1000 troy ounces.
When an investor is not a member of the Private Banking program, the volumes change:
- gold, platinum, palladium - from 100 troy ounces;
- silver - over 2000 troy ounces.
Transactions in precious metals are carried out strictly during business hours from 10:00 to 16:30.
The cost of metals is determined individually, so there are no current quotes. Only a premium (discount) is added to the Ask price, which is agreed upon between the buyer and seller (bank and client). The discount depends on the volume of the transaction.
Quotes for today in Promsvyazbank
How the price is formed
Registration prices for refined precious metals are calculated daily on business days.
The cost depends on the current value of the London fixing, which is converted into national currency at the rate valid on the day following the day the prices are set.
This procedure for calculating quotes has been in effect since 2003 and determines the procedure for setting prices for precious metals for purchase/sale transactions on the domestic market.
Discount factors are applied to the world price. They adjust Central Bank prices to the amount of duty on export-import transactions.
What affects the rate
The primary influence on the price of metals on the domestic Russian market is the results of trading on the London Precious Metals Exchange. Local charts are directly dependent on general world exchange rate fluctuations.
Other factors influencing Central Bank quotes:
- volume of supply and demand;
- investor activity;
- internal political, economic events;
- costs of transporting physical precious metals;
- Central Bank risk level.
The Central Bank rate is formed without taking into account the margin. Commercial banks set the difference between the purchase and sale prices independently.
Registration prices of the Central Bank of the Russian Federation for precious metals
Units
: number of rubles per gram (rub/g).
Discount prices: Every business day, the Bank of Russia calculates discount prices based on the current fixing values for gold, silver, platinum and palladium on the London spot metal market at the time of calculation, and are converted into rubles at the official US dollar to Russian ruble exchange rate, valid on the day following the day of establishment of discount prices.
For those who are interested in the precious metals market , who want to sell or buy gold or silver, this section of the site dedicated to the discount prices of the Central Bank of the Russian Federation for precious metals will be useful. Here you can find out the quotes of precious metals for a given date. For example, what gold rate, silver rate, platinum rate or palladium rate was set by the Central Bank a year, two or 10 years ago.
The graph presented in this section will clearly demonstrate which precious metal shows the best dynamics . A chart with a dynamically changing date range can show you the price of precious metals on a date that you can set yourself, either by moving the sliders below the chart, or by specifying the exact range in the input fields above the chart. The price of gold, the price of silver, the price of platinum or the price of palladium can be shown until the corresponding metal appears in the list of precious metals quoted by the Bank of Russia. That is, the price of gold can be shown on the chart from March 25, 1997. to the present day, the cost of silver has been since July 10, 1997, the cost of platinum has been since July 7, 1997, and the cost of palladium has been since April 21, 2000.
Anyone interested in the price of precious metals , how much gold costs today, how much silver costs today, that is, how much 1 gram of gold or 1 gram of silver costs, will appreciate the convenient analysis capabilities that the chart provides. The data on the chart is a kind of archive of Central Bank discount prices, the analysis of which allows you to make a forecast of metal rates . The chart easily tracks the price dynamics of gold, silver and other metals for any period.
The analysis tool is a graph displaying the rates of precious metals of the Central Bank of the Russian Federation. This graph is dynamic and provides the following features:
- Monitoring the dynamics of the accounting price of metals for a certain period
- Finding the price of precious metals for a given date
- Tracking the relationship between the prices of two or more precious metals (correlation)
- Analysis of changes in accounting prices relative to a given date in percentages, rubles or absolute values
Forecast
Most experts do not predict a sharp drop in prices for precious metals. It is expected that in the coming years the value of such assets will be stable, with minor fluctuations and positive dynamics.
The Central Bank of the Russian Federation's increase in gold reserves is a kind of insurance against exchange rate fluctuations. At the end of 2021, the gold reserve was increased to 2102 tons. This protects metal assets from depreciation as a result of instability in the foreign exchange market.
In 2021, two different vector factors are expected to influence gold. The strengthening of the American currency may provoke a subsidence. On the other hand, the cost of the precious metal and investors’ interest in it as an asset with a long-term prospect of stability will increase. This is caused by numerous political conflicts in the world and the continuing rise of populism in developed countries.
Metal assets have always been considered a safe haven for investments designed to preserve capital and generate income over the long term. Investing in precious metals to obtain monthly profits will not justify itself. In order to profitably buy or sell metal, you need to track exchange rates and the cost per gram of the Central Bank.
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