Clearing Turnover Most Recent Figures Clearing TurnoverStatistics: Daily Averages - OCTOBER 2013
Overview In October the average price of gold and silver fell by 2.4% and 2.9% respectively. The volume of gold ounces transferred increased by 7%, following three consecutive monthly falls. In contrast the volume of silver ounces transferred fell significantly by nearly 20%.
Gold The price of gold continued its downward trajectory, with the average price falling 2.4% in October to an average price of $1,316.18, 22% lower than the price on the opening day of 2013. Demand for gold rallied in October, following three consecutive monthly falls, to post an increase of 7% on the month, with an average 19.8 million ounces traded. The value of gold transferred in October also increased, by 4.4%, to $26.1 billion. In contrast the number of transfers fell by 4.3% to 4,815, with the number of ounces per transfer averaging 4,119, up 12%.
Silver The price of silver decreased in October by 2.9% to an average price of $21.92 an ounce. The volume of ounces traded fell significantly by nearly 20% to 110.1 million; its lowest level since November 2012. This, combined with the reduction in the price, meant that the value of ounces transferred decreased by 22.2% to $2.41 billion; its lowest level for 3 years. The number of transfers fell by 14.7% to 769, to its lowest level since March. The clearers settled on average 143,120 ounces per transfer during October, a fall of 6% on the previous month.
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