As at end September 2021, the amount of gold held in London vaults was 9,709 tonnes (-0.1% on previous month), valued at $544 billion, which equates to approximately 776,690 gold bars.
There were also 36,486 tonnes of silver (-0.2% on previous month), valued at $25.2 billion, which equates to approximately 1,216,198 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.