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In practice, the international price for gold is set by the gold markets which have the highest trading gold volumes and gold liquidity, namely the London Gold Market and the COMEX gold futures market.
Prices and Data. LBMA Gold Price. The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA).
International prices for gold, silver, platinum and palladium. 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.
Approximately 25 billion dollars worth of gold is settled each day in the global OTC market, with London at its centre. This means all transactions are conducted between two parties without the need for an exchange.
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.
See live gold prices and buy or sell gold online with HSBC gold trading services. Learn more about Wayfoong Statement Gold and find the latest gold price chart.
How the LBMA Gold and Silver Prices Work. IBA operates electronic auctions for spot, unallocated loco London gold and silver, providing a market-based platform for buyers and sellers to trade. The auctions are run at 10:30 and 15:00 London time for gold and at 12:00 London time for silver.
