Official metal price
The price of a precious metal published by the Bank of Russia for accounting and settlement.
How to read the number
Banks revalue metal accounts against it, so this is the price the account holder actually sees rather than the world quotation.
When the metric lies
The official price joins the world quotation to the exchange rate. The rouble price of the metal moves when the currency moves, even on a day when the world market has not budged.
Also known as: central bank metal price