Domestic gold discounts are less than export duty

Discounts for gold on the domestic market are currently much less than the flexible export duty, said Alexander Khrushch, Chairman of the Board of Directors of Seligdar. Company plans to send no more than 12% of its annual volume for export. Flexible export duties on precious metals, gemstones, pearls, ferrous and non-ferrous metals range from 0% to 7% depending on the dollar exchange rate.