Gold Price
Calculations
Quote taken from the London Bullion Market Association (LBMA) and converted from the price per troy ounce to the price per gram dividing by the conversion factor: 31.1034768
LBMA gold and silver price information
The LBMA Gold Price and LBMA Silver Price are the global reference prices for unallocated gold and silver delivered to London.
Producers, refiners, the investment community, banks and central banks, manufacturers, jewelers and other consumers, as well as market participants around the world, transact at the IBA's gold and silver auctions and they use benchmarks as reference prices.
The ability to transact and reference a single transparent price, produced by an independent and regulated benchmark administrator, offers significant benefits to the market. The LBMA Gold Price and LBMA Silver Price facilitate spot trading, monthly averages, cash settlement, position swaps, fixed/floating swaps, options and other derivative transactions important for money management. price risk.
How LBMA gold and silver prices work
The IBA operates electronic auctions for spot and unallocated gold and silver on site in London, providing a market platform for trades between buyers and sellers.
Auctions take place at 10.30am and 3pm London time for gold and 12pm London time for silver.
The final prices of the auctions are published on the market as LBMA Gold Price AM, LBMA Gold Price PM and LBMA Silver Price respectively.
The price formation for each auction is in US dollars. The IBA also publishes benchmarks in British pounds and euros, but they are not directly tradable through auction.
The ability to transact and reference a single transparent price, produced by an independent and regulated benchmark administrator, offers significant benefits to the market. The LBMA Gold Price and LBMA Silver Price facilitate spot trading, monthly averages, cash settlement, position swaps, fixed/floating swaps, options and other derivative transactions important for money management. price risk.
How LBMA gold and silver prices work
The IBA operates electronic auctions for spot and unallocated gold and silver on site in London, providing a market platform for trades between buyers and sellers.
Auctions take place at 10.30am and 3pm London time for gold and 12pm London time for silver.
The final prices of the auctions are published on the market as LBMA Gold Price AM, LBMA Gold Price PM and LBMA Silver Price respectively.
The price formation for each auction is in US dollars. The IBA also publishes benchmarks in British pounds and euros, but they are not directly tradable through auction.