Record Value of Gold Held in London Vaults
As at end March 2022, the amount of gold held in London vaults was 9,669 tonnes (+0.34% on previous month), valued at a record $603.8 billion, which equates to approximately 773,549 gold bars.
There were also 34,462 tonnes of silver (-2.1% on previous month), valued at $27.5 billion, which equates to approximately 1,148,723 silver bars.
These figures provide an important insight into London’s ability to underpin the physical OTC market.
The publication on the fifth business day of each month of the amount of gold the London vaults were holding, at the end of the previous month, follows the recent move to publish the equivalent data for silver. It represents a continued move towards greater transparency and timeliness.