Reply To: Gold and Precious Market

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Rinku Das (Hazra)

Accredited refiners of GOLD

To be accepted onto the Good Delivery List refiners must undergo stringent checks on their:

History in the market
Financial standing
Ability to produce bars that meet our exacting standards
Minimum levels of production.

They must implement LBMA’s Responsible Gold and/or Responsible Silver Guidance. See the Good Delivery Rules for further information. Refiners accepted onto the Good Delivery Lists commit to:

Adhering to LBMA’s Responsible Sourcing Programme

Producing bars which meet LBMA Good Delivery Rules
Shipping to approved vaults in London.

Once accepted into a London vault as Good Delivery, bars are then traded freely between institutions within the market.

SOURCE: London Bullion Market Association