Clearing Statistics - Most Recent Figures
Friday, April 28, 2017
LBMA Clearing Statistics - March 2017
The average price of gold in March was $1,231.09/oz, broadly flat on the previous month. Activity so far in 2017 has been relatively subdued, with the average volume of ounces transferred down for the third consecutive month, falling by 3.8% in March to 18.1 million. The corresponding value transferred fell by 4% to $22.2 billion. The number of transfers increased by 7.8% to 3,058 with the clearers settling on average 5,905 ounces per transfer, just over 10% lower than the previous month.
The average price of silver in March decreased by 1.6% to $17.59/oz. In contrast with gold, silver activity in March was buoyant, with the volume of ounces transferred 18.4% higher to 203.2 million and the corresponding value of ounces up 16.5% at $3.57 billion. The number of transfers fell by 8.2% to 924, with the clearers settling on average 219,799 ounces per transfer, 29% higher than the previous month.
The average gold / silver price ratio in March was 70.