London Bullion Market Clearing Statistics


The clearing statistics represent the net volume of loco London gold and silver transfers settled between the five clearing members of the London Precious Metals Clearing Limited (LPMCL). The five members of the LPMCL are Barclays, HSBC, JP Morgan, Scotiabank and UBS. The data is collected and published on a monthly basis and is based on daily averages. The statistics include loco London transfers from one party in a LPMCL clearing member's books to another party in the same member's books, (or in the books of another LPMCL clearing member), as well as physical transfers and shipments by LPMCL clearing members and transfers over LPMCL clearing members' accounts at the Bank of England. The statistics exclude allocations for LPMCL clearing members where the sole purpose is to reduce overnight credit exposures and physical movements arranged by LPMCL clearing members' in locations other than London.

Gold

Silver

Month Ounces transferred (millions) Value (US$ billions) Number of transfers Ounces transferred (millions) Value (US$ billions) Number of transfers
1996-10 27.5 10.5 1086 279.4 1.4 481
1996-11 31 11.7 1124 244.3 1.2 484
1996-12 29.8 11 1172 248.8 1.2 493
1997-01 37.2 13.2 1336 294.4 1.4 557
1997-02 40.3 14 1378 275 1.4 565
1997-03 36.3 12.8 1365 284.1 1.5 562
1997-04 32.1 11.1 1174 253 1.2 482
1997-05 32.4 11.1 1154 236.6 1.1 455
1997-06 32.2 11 1105 270.5 1.3 513
1997-07 37 12 1309 270.6 1.2 528
1997-08 33.2 10.7 1223 263.3 1.2 503
1997-09 34.3 11.1 1104 314.3 1.5 481
1997-10 42 13.6 1326 345.5 1.7 592
1997-11 40.8 12.5 1460 327.9 1.7 671
1997-12 43.7 12.6 1480 395.8 2.3 691
1998-01 37.5 10.8 1362 330.4 1.9 630
1998-02 37 11 1265 347.8 2.4 690
1998-03 38.5 11.4 1304 272.1 1.7 581
1998-04 34.5 10.6 1292 230.7 1.5 520
1998-05 32.5 9.7 1262 266.5 1.5 583
1998-06 35 10.2 1339 217.9 1.1 484
1998-07 30 8.8 1098 233.5 1.3 474
1998-08 28.6 8.1 1073 223.4 1.2 441
1998-09 34 9.8 1244.6 232.2 1.2 465.5
1998-10 35.8 10.6 1153 249.4 1.2 443
1998-11 27.5 8.1 919 169.1 0.8 341
1998-12 30.4 8.9 947 202.2 1 389
1999-01 28.9 8.3 952 214.2 1.1 420
1999-02 26.7 7.7 950 277.3 1.5 514
1999-03 28.5 8.1 975 188.8 1 448
1999-04 25.2 7.1 898 198.2 1 423
1999-05 32.6 9 1107 189 1 454
1999-06 30.5 8 1044 161.3 0.8 400
1999-07 34.8 8.9 1043 191.3 1 387
1999-08 36.4 9.3 1034 196.1 1 413
1999-09 37.1 9.8 1087 176.3 0.9 371
1999-10 37.2 11.5 1205 182.4 1 407
1999-11 25.3 7.4 845.4 125.9 0.6 322.4
1999-12 28.5 8.1 942 119.9 0.6 300
2000-01 22.2 6.3 774 149.2 0.8 329
2000-02 30 9 907 172.7 0.9 344
2000-03 24.2 6.9 800 134 0.7 288
2000-04 25.2 7.1 791 106.9 0.5 277
2000-05 25.5 7 768 121 0.6 264
2000-06 28.2 8 857 97 0.5 250
2000-07 20.5 5.8 734 93.3 0.5 217
2000-08 19.8 5.4 747 100.5 0.5 226
2000-09 21.1 5.8 789 117 0.6 224
2000-10 18.9 5.1 792 82.2 0.4 205
2000-11 18.6 4.9 721 97.6 0.5 200.2
2000-12 23.6 6.4 833 116.4 0.5 251
2001-01 19.7 5.2 730 105.1 0.5 229
2001-02 24.2 6.3 830 102 0.5 233
2001-03 28.7 7.5 954 131.3 0.6 260
2001-04 25.1 6.5 890 121.6 0.5 246
2001-05 28.7 7.8 940 110.2 0.5 252
2001-06 20.5 5.5 844 99.8 0.4 224
2001-07 16.1 4.3 751 99.5 0.4 212
2001-08 19.9 5.4 776 89.4 0.4 227
2001-09 19.5 5.5 807 96.7 0.4 235
2001-10 16.7 4.7 725 101.9 0.4 242
2001-11 18 4.9 659 91.4 0.4 225
2001-12 20.4 5.6 721 147.3 0.6 312
2002-01 16.3 4.5 662 175.7 0.8 355
2002-02 20.1 5.9 822 108.7 0.5 257
2002-03 17.4 5.1 714 77.9 0.4 239
2002-04 19.2 5.8 739 68.8 0.3 230
2002-05 19.3 6.1 744 99.9 0.5 307
2002-06 21 6.7 842 107.2 0.5 262
2002-07 17.3 5.4 744 72.9 0.4 224
2002-08 17.1 5.3 718 66.2 0.3 214
2002-09 16.4 5.2 728 61.7 0.3 184
2002-10 17.5 5.5 659 67.5 0.3 243
2002-11 14.7 4.7 617 58.2 0.3 168
2002-12 17.7 5.9 762 79.1 0.4 208
2003-01 18.7 6.7 755 89.7 0.4 216
2003-02 19 6.8 883 107.5 0.5 247
2003-03 16.8 5.7 866 90 0.4 215
2003-04 15.4 5.1 764 79.2 0.4 178
2003-05 15.9 5.7 837 78.9 0.4 228
2003-06 15.8 5.6 788 61.3 0.3 193
2003-07 13.6 4.8 711 108.3 0.5 251
2003-08 14.3 5.1 783 97.8 0.5 233
2003-09 16.5 6.3 838 96.2 0.5 267
2003-10 14.1 5.3 804 101.3 0.5 268
2003-11 13.7 5.3 809 89.6 0.5 248
2003-12 14.3 5.8 776 110.1 0.6 246
2004-01 14.1 5.8 839 143.4 0.9 332
2004-02 15.4 6.2 863 121.5 0.8 329
2004-03 15.6 6.4 884 128.7 0.9 380
2004-04 17 6.9 950 133.8 0.9 431
2004-05 14.5 5.6 872 94.7 0.6 317
2004-06 13.8 5.4 768 95.1 0.6 280
2004-07 15.1 6 775 93.6 0.6 305
2004-08 13.8 5.5 740 82.5 0.5 259
2004-09 12.4 5 674 82.3 0.5 252
2004-10 14.7 6.2 808 92 0.7 337
2004-11 16.6 7.3 881 75.5 0.6 319
2004-12 15.4 6.8 886 102.2 0.7 375
2005-01 14.8 6.3 775 76.9 0.5 272
2005-02 13.9 5.9 800 77.5 0.5 299
2005-03 16 6.9 869 93.8 0.7 321
2005-04 14.3 6.1 736 87.6 0.6 299
2005-05 16.8 7.1 799 152.1 1.1 357
2005-06 19.1 8.2 828 123.4 0.9 355
2005-07 14.6 6.2 748 95.1 0.7 289
2005-08 15.2 6.7 795 104.4 0.7 318
2005-09 17.5 8 965 126.8 0.9 356
2005-10 18.4 8.7 947 124.7 1 349
2005-11 17.4 8.3 889 132 1 359
2005-12 20 10.2 1206 131.3 1.1 403
2006-01 17.6 9.7 1036 124.5 1.1 410
2006-02 19.7 10.9 1210 152.9 1.5 457
2006-03 20.6 11.5 1156 187.9 2 506
2006-04 26.1 15.9 1388 238.1 3 693
2006-05 24.5 16.5 1588 205.7 2.8 561
2006-06 25.8 15.4 1345 164.3 1.8 442
2006-07 23.2 14.7 1391 169.5 1.9 380
2006-08 19.5 12.3 1246 94.7 1.2 337
2006-09 20.5 12.3 1424 110.4 1.3 427
2006-10 21.6 12.7 1415 98.6 1.1 361
2006-11 19.3 12.1 1358 108.8 1.4 381
2006-12 19.9 12.6 1299 107.7 1.4 406
2007-01 17.1 10.8 1369 98.8 1.3 374
2007-02 16 10.6 1417 108.1 1.5 415
2007-03 20.6 13.5 1562 112 1.5 484
2007-04 20.2 13.7 1511 105.7 1.5 446
2007-05 19.5 13 1538 137.5 1.8 446
2007-06 21.8 14.3 1649 112.4 1.5 503
2007-07 17.5 11.7 1545 114.9 1.5 449
2007-08 18.2 12.1 1520 120.8 1.5 458
2007-09 21.5 15.3 1789 108.1 1.4 497
2007-10 20.9 15.8 1933 106.4 1.5 496
2007-11 25.2 20.3 2165 129 1.9 533
2007-12 25 20.1 1789 119.1 1.7 439
2008-01 25.3 22.5 2151 117.6 1.9 529
2008-02 22.9 21.1 2082 132.4 2.3 517
2008-03 25.7 24.9 2530 154.7 3 676
2008-04 21.1 19.2 1998 119.2 2.1 500
2008-05 22.1 19.6 1973 121.2 2.1 490
2008-06 21.2 18.8 1927 119.5 2 480
2008-07 21.5 20.2 1939 105.5 1.9 481
2008-08 23.3 19.5 2272 150 2.2 625
2008-09 24.8 20.5 2251 143.7 1.8 576
2008-10 24 19.3 2252 136.2 1.4 569
2008-11 18.3 13.9 1797 107.6 1.1 446
2008-12 17.5 14.2 1553 102.1 1.1 343
2009-01 18.8 16.2 1446 111.7 1.3 315
2009-02 23.8 22.4 1816 105.8 1.4 362
2009-03 22.2 20.5 1637 98.8 1.3 319
2009-04 20.5 18.3 1531 101.1 1.3 305
2009-05 21.9 20.3 1476 97.5 1.4 342
2009-06 20.5 19.3 1535 100 1.5 358
2009-07 17.7 16.5 1317 90.5 1.2 310
2009-08 16.4 15.5 1389 79.3 1.1 322
2009-09 20.6 20.5 1924 113 1.9 406
2009-10 20.8 21.8 1908 101 1.7 341
2009-11 21.5 22.4 1878 81 1.4 350
2009-12 20.6 23.4 2231 88 1.6 348
2010-01 19.8 22.1 1800 70.4 1.2 298
2010-02 18 19.8 1776 89 1.4 351
2010-03 16.5 18.3 1563 94 1.6 307
2010-04 16 18.3 1481 92.7 1.7 300
2010-05 24.7 29.8 2098 104.3 1.9 410
2010-06 20.7 25.6 1740 85 1.6 333
2010-07 17.6 21 1684 57.2 1 290
2010-08 17 20.6 1527.2 65.5 1.2 318
2010-09 16.8 21.3 1630 88.5 1.8 389
2010-10 17.1 23 1775 92.2 2.2 441
2010-11 18.1 24.8 1943 108.6 2.9 560
2010-12 18 25 1822 99.7 2.9 570
2011-01 19.2 26.1 2034 119.7 3.4 597
2011-02 18.1 24.8 1841 141.2 4.3 591
2011-03 19 27.1 1948 145.7 5.2 685
2011-04 22.5 33.1 1944 179.2 7.5 799
2011-05 18.4 27.8 2136 259.3 9.5 1227
2011-06 18.9 28.9 1853 172.9 6.2 708
2011-07 19.6 30.9 2135 160 6.1 756
2011-08 25.9 45.5 3200 171.7 6.9 884
2011-09 22.3 39.5 3064 175.6 6.7 919
2011-10 21.3 35.6 2412 197.4 6.3 879
2011-11 21.4 37.3 2338 164.8 5.5 718
2011-12 22 36.4 2641 197.1 6 811
2012-01 22.2 36.7 2461 149.2 4.6 795
2012-02 19.5 33.9 2631 160 5.5 841
2012-03 20.2 33.8 2947 157.2 5.2 927
2012-04 17.9 29.6 2223 141.1 4.5 715
2012-05 19.5 30.9 2687 135.3 3.9 796
2012-06 19.1 30.6 3162 149.4 4.2 912
2012-07 17.9 28.6 2764 141.5 3.9 755
2012-08 17.8 28.9 2469 119.5 3.4 732
2012-09 22.4 39.2 2911 124.3 4.2 967
2012-10 19.9 34.7 2453 98.1 3.3 757
2012-11 19.3 33.3 2570 104.4 3.4 721
2012-12 21.8 36.8 2852 134.1 4.3 815
2013-01 20.8 34.7 2686 151.7 4.7 764.1
2013-02 20.7 33.7 3320 122 3.7 776
2013-03 21.8 34.7 3358 132.5 3.8 765
2013-04 24.1 35.8 5395 165.2 4.2 1007
2013-05 28.2 39.8 5088 142.6 3.3 1027
2013-06 29.0 38.9 4624 153.3 3.2 900
2013-07 23.2 29.8 5613 122.7 2.4 862
2013-08 22.2 29.9 5,172 122.4 2.67 1,096
2013-09 18.5 25.0 5,034 137.4 3.10 902
2013-10 17.4 22.9 4,815 110.1 2.41 769
2013-11 17.5 22.3 3,721 110.5 2.29 764
2013-12 20.0 24.5 4,741 168.0 3.29 828
2014-01 16.8 20.9 3,770 144.7 2.88 733
2014-02 17.8 23.2 4,503 185.7 3.87 907
2014-03 18.9 25.3 4,738 134.0 2.78 779
2014-04 19.6 25.4 4,728 122.1 2.41 732
2014-05 19.0 24.4 4,744 136.9 2.65 898
2014-06 17.9 22.9 4,049 163.4 3.23 843
2014-07 17.9 23.5 4,184 121.7 2.55 719
2014-08 18.0 23.3 5,198 121.0 2.40 709
2014-09 16.2 20.0 4,407 142.2 2.63 775
2014-10 17.4 21.3 3,148 135.8 2.33 669
2014-11 20.7 24.3 3,494 172.3 2.75 772
2014-12 19.4 23.4 3,515 152.8 2.48 795
2015-01 20.3 25.4 3,406 145.5 2.49 710
2015-02 17.8 21.8 2,965 142.6 2.40 663
2015-03 18.7 22.1 3,061 149.7 2.43 697
2015-04 16.9 20.2 2,701 112.9 1.84 620
2015-05 17.3 20.7 2,646 148.3 2.49 684
2015-06 16.5 19.5 2,324 134.3 2.16 623
2015-07 16.6 18.8 2,602 155.2 2.34 644
2015-08 17.7 19.7 2,798 142.2 2.12 712
2015-09 15.6 17.5 2,352 163.4 2.41 691
2015-10 15.9 18.4 2,351 136.4 2.14 686
2015-11 17.3 18.7 2,706 154.6 2.24 714
2015-12 23.6 25.2 2,702 166.1 2.33 732
2016-01 18.7 20.5 2,643 156.0 2.19 676
2016-02 21.1 25.3 3,077 140.9 2.12 674
2016-03 19.4 24.2 3,297 135.1 2.08 695
2016-04 16.5 20.5 2,798 175.4 2.85 798

April 2016

Gold

Following the surge in the gold price in the first three months of 2016, the price was broadly flat in April at an average of $1,242 an ounce, 15% higher than the opening day of the year. In a subdued month for gold, the average volume of ounces transferred fell by 14.9% to 16.5 million, marginally lower than the same period last year. The corresponding value of gold transferred fell by 15.2% to $20.5 billion, marginally up on the corresponding period last year and broadly in line with the average in 2015 of $20.7 billion. The number of transfers fell by 15.1% to 2,798, whilst the number of ounces per transfer was flat at 5,902.

Silver

In a buoyant month all round for silver, the average price of silver in April increased by 5.4% to $16.26 an ounce, up 16% from the opening day of 2016. Supported by strong industrial demand the volume of ounces transferred increased by nearly 30% to 175.4 million with the corresponding value up 37% to $2.85 billion. The number of transfers was 14.8% higher at 798, with the clearers settling on average 219,841 ounces per transfer, up 13% on the previous month.

The average gold / silver price ratio in April dropped back to 76.4.

A full copy of the Press Release can be found here.