Prices and Data
Clearing Data
On average, more than 20 million ounces of gold is cleared daily in the London market and in excess of 200 million ounces of silver. Here you will find the latest monthly figures for gold and silver.
Our clearing data represents the net volume of transfers of gold and silver physically held in London – known as Loco London – settled between the four LBMA Market Maker banks that own and operate London Precious Metals Clearing Limited (LPMCL).
Clearing Most Recent Figures
February 2024
Gold
The volume of gold transferred in February decreased by 12.4% month on month (m/m) to 17.8 mn ounces, with the corresponding value transferred down 12.9% m/m to $36 bn. There were 4,593 transfers, 8.4% lower m/m, with the clearers settling on average 3,876 ounces per transfer, 4.4% lower m/m.
Silver
For silver, the volume of ounces transferred increased by 3.6% m/m to 231.5 mn ounces, with the corresponding value transferred up 2.4% m/m to $5.3 bn. The number of transfers increased by 8.4% m/m to 1,411, with the clearers settling on average 164,070 ounces per transfer, 4.4% lower m/m.
The average gold/silver price ratio in February increased to 89.2 from 88.6 in January.
Notes
The data is collected and published monthly and is based on daily averages.
The statistics include:
- Loco London transfers from one party in a LPMCL clearing member's books to another party in the same member's books, or in the books of another LPMCL clearing member.
- Physical transfers and shipments by LPMCL clearing members.
- Transfers over LPMCL clearing members' accounts at the Bank of England.
The statistics exclude:
- Allocations for LPMCL clearing members where the sole purpose is to reduce overnight credit exposures.
- Physical movements arranged by LPMCL clearing members in locations other than London.