Market Standards Overview

As the world’s independent authority for precious metals, we set the standards that uphold trust in the global market.

We promote good trading practices and set objective criteria for institutions wishing to enter the Loco London Precious Metals Market as traders or service providers. We also set the stringent criteria for gold and silver bars to be accepted as Good Delivery.

Our Standards consist of three parts

Good Delivery

The standard trusted around the world, Good Delivery guarantees metal quality in the market. LBMA owns and manages the Good Delivery Lists for both gold and silver.

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Global Precious Metals Code

Through our Global Precious Metals Code, we promote the integrity and effective functioning of the market. The Code’s five principles ensure client confidence through a robust, fair, transparent and effective market.

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Responsible Sourcing

All LBMA Good Delivery List refiners must adhere to our Responsible Sourcing Programme. With annual independent auditing and public reporting, the programme builds global demand for responsible sourcing.

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Statements of Commitment

See a list of market participants who have submitted a Statement of Commitment to demonstrate their adherence to the Global Precious Metals Code.

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Annual Responsible Sourcing Report

Our annual report provides data on the country of origin, highlighting where gold is mined and refined around the world.

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