As at end May 2022, the amount of gold held in London vaults was 9,616 tonnes (-0.58% on previous month), valued at $568.4 billion, which equates to approximately 769,250 gold bars.
There were also 31,758 tonnes of silver (-5.6% on previous month), valued at $22.2 billion, which equates to approximately 1,058,598 silver bars.
These figures provide an important insight into London’s ability to underpin the physical OTC market. Additional time was required to recheck this month's data prior to publication.
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.