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One of the two dominant venues for gold price formation, the over-the-counter wholesale London Gold Market, trades from 8:00 am to 4:30 pm London time with daily LBMA Gold Price auctions at 10:30 am and 3:00 pm.
Market Standards. Loco London Precious Metals Market. In the Loco London Market, trade is carried out directly between two counterparties, without the involvement of an exchange – enabling transactions to precisely meet a client’s requirements. LBMA is at the heart of this market.
Prices and Data. LBMA Gold Price. The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA).
LOCO London (London Gold) - Gold Price. London gold is not a gold name, is a way of gold trading. In a narrow sense, London gold is a traded product provided by the London International Financial Futures Exchange, and stored in the city of London underground vault in a purity of 99.5% with 400 ounces of gold bricks.
The LBMA Gold and Silver Price benchmarks are the global benchmark prices for unallocated gold and silver delivered in London, and are administered by ICE Benchmark Administration Limited.
BUY/SELL GOLD & SILVER. Bullion Coins and Bars. Precious Metals. All Metal Quotes. Cryptos
Loco London gold market is quoted in U.S. dollars per troy ounce 99.99 % pure gold and with delivery in London. Chinese Gold and Silver Exchange Society operates one of the largest gold markets in the world.
