Reply To: Gold and Precious Market

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Rinku Das (Hazra)

LBMA Precious Metal Prices

Gold, silver, platinum and palladium price auctions take place daily in London and we publish prices with a delay to midnight London time on the day they are set. Real-time LBMA Precious Metals Prices are available from market data redistributors or the administrators, IBA (gold and silver prices) and LME (platinum and palladium prices).

IBA independently administers the price and provides the auction platform on which the LBMA Gold Price is calculated, while LBMA own the intellectual property rights. The platform is electronic, tradeable, auditable and in line with the IOSCO Principles for Financial Benchmarks. Any party using the LBMA Gold Price for valuation and pricing activities requires a usage licence with IBA.

There are sixteen direct participants who have been on-boarded to contribute to the LBMA Gold Price.

Bank of China
Bank of Communications
Citibank, N.A. London Branch
Coins ‘N Things Inc.
DRW Investments, LLC
Goldman Sachs
Industrial and Commercial Bank of China (ICBC)
Jane Street Global Trading, LLC
JPMorgan Chase Bank, N.A. London Branch
Koch Supply and Trading LP
Morgan Stanley
Standard Chartered Bank
StoneX Financial Ltd
Toronto-Dominion Bank

From 1 April 2015 the LBMA Gold Price became a regulated benchmark, as it is a specified benchmark’ for the purposes of Art 63O of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.