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Clearing and Vault Statistics - Most Recent Figures

Tuesday, July 02, 2019

 

London Precious Metals Vault Holdings - MARCH 2019

As at end March 2019, in the London vaults there were 7,671 tonnes of gold, valued at $319.5 billion and 36,195 tonnes of silver valued at $17.6 billion. This equates to approximately 613,696 gold GDL bars and 1,206,499 silver GDL bars.

The data represents the holdings of seven custodians offering vaulting services (all of which are LBMA members) and the Bank of England. The seven custodians comprise four security carriers (Brinks, G4S Cash Solutions (UK), Malca-Amit and Loomis International Ltd) and three clearing banks (HSBC, ICBC Standard Bank and JP Morgan). Also included are the gold holdings held at the Bank of England (not an LBMA member) which offers gold (but not silver) custodial services to central banks and certain commercial firms that facilitate central bank access to the liquidity of the London gold market. Those clearing members without their own vault operations - Scotiabank and UBS - utilise their accounts with one of the LBMA custodians or the Bank of England and therefore do not contribute to the statistics to avoid double accounting.

The historical monthly data series from July 2016, as well as other information on the London physical vault holdings can be found here on LBMA’s website. The data is published on the first day of each month (in the event that the first day of the month is a UK Bank Holiday or falls on a weekend, the data will be published on the first business day of the month) three months in arrears.

Clearing Statistics (Daily Averages) - MAY 2019
Gold

The volume of ounces transferred in May fell by 7.8% month on month (m/m) to 18.6 million ounces, with the corresponding value down 8% at $23.9 billion. There were 2,965 transfers in May, 5.0% lower m/m, with the clearers settling on average 6,269 ounces per transfer, 3% lower m/m.

Silver

The volume of ounces transferred in May fell 11% to 211.8 million ounces, with the corresponding value 13.5% lower at $3.1 billion. There were 978 transfers in May, broadly unchanged from the previous month, with the clearers settling on average 216,440 ounces per transfer, 11.6% lower m/m.

The average gold / silver price ratio in May was 87.8, the highest ratio since October 1992.

The data is published, one month in arrears, on the first day of each month (in the event that the first day of the month is a UK Bank Holiday or falls on a weekend, the data will be published on the first business day of the month).

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

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