As at end July 2021, the amount of gold held in London vaults hit a record high of 9,634 tonnes of gold (+0.49% on previous month), valued at $565.5 billion, which equates to approximately 770,757 gold bars.
There was also 36,589 tonnes of silver (-0.32% on previous month), valued at $30 billion, which equates to approximately 1,219,641 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.