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HomeGlossaryLondon Fix

London Fix

The LBMA Gold Price and LBMA Silver Price (formerly known as the London Gold and Silver Fixes) refers to the daily setting of gold and silver benchmark prices as determined by an electronic auction administered by Intercontinental Exchange Inc., also known as “ICE”.

These benchmark prices are used by a wide variety of market participants, including banks, central banks, jewelers and the investment community.

Tradeable prices are published in USD with indicative pricing being published in a number of other currencies including EUR and GBP.

The Direct Participants in this auction process are: Bank of China (gold only), Bank of Communications (gold only), Coins ‘N Things Inc, Goldman Sachs, HSBC Bank USA NA, ICBC (gold only), INTL FCStone, Jane Street Global Trading LLC, JP Morgan Chase Bank, Koch Supply and Trading, Koch Commodities Europe Ltd., Marex, Morgan Stanley, Standard Chartered Bank, The Bank of Nova Scotia and Toronto Dominion Bank.

The LBMA Gold Price is set twice daily at 10:30 a.m. GMT (the “AM Auction”) and 3.00 p.m. GMT (the “PM Auction”). The LBMA Silver Price takes place at 12.00 GMT each day.

See the latest gold, silver, platinum and palladium spot price at coininvest.com.