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 HSBC, ICBC Standard Bank, 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
2016-05 18.6 23.5 3,306 182.2 3.08 690
2016-06 19.6 25.0 3,086 165.5 2.84 672
2016-07 19.5 26.1 2,990 178.5 3.56 881

July 2016

Gold

The gold price increased in July by 4.8% to an average of $1,337 an ounce, 24.7% higher than the opening price at the start of 2016. The average volume of ounces transferred was broadly flat at 19.5 million, although 17.3% higher than the corresponding period last year. The corresponding value of gold transferred increased by 4.5% to $26.1 billion. In contrast, the number of transfers fell by 3.1% to 2,990, whilst the number of ounces per transfer was 3% higher to 6,532.

Silver

The average price of silver in July increased significantly on the previous month by 16% to $19.93 an ounce; more than 42% higher than the opening day of 2016. Activity was more buoyant than gold, with the volume of ounces transferred up 7.9% to 178.5 million with the corresponding value transferred 25% higher at $3.56 billion. The number of transfers also increased significantly by 31.1% to 881, with the clearers settling on average 202,481 ounces per transfer, down 17.8% on the previous month.

The average gold / silver price ratio in July narrowed for the fourth consecutive month to 67.1, the lowest ratio since September 2014.

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