As at end August 2021, the amount of gold held in London vaults hit a record high of 9,718 tonnes (+0.87% on previous month), valued at $567 billion, which equates to approximately 777,460 gold bars.
There were also 36,567 tonnes of silver (-0.06% on previous month), valued at $28.3 billion, which equates to approximately 1,218,908 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.