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Responsible Sourcing

June 08, 2021

LBMA Launches Version 9 Draft of Responsible Gold Guidance

LBMA is pleased to share a draft of Version 9 of the Responsible Gold Guidance (RGG), the document that underpins LBMA’s Responsible Sourcing Programme.

Good Delivery List

Krygyzaltyn – Incident Review Process

LBMA takes very seriously the recent allegations relating to Krygyzaltyn, one of its Good Delivery refiners. The Incident Review Process has been invoked in response to issues concerning delivery and the potential for fraud.

Exhibition

Wonders of Gold: Illuminating the Dark Ages

To mark the launch of LBMA's Wonders of Gold online exhibition, we introduce various items from the collection over the next few weeks, starting with a great gold buckle discovered in the Sutton Hoo Hoard in 1939.

Publication

Latest Edition of Alchemist 101 Launched

The latest edition of the Alchemist includes articles by Michael B Mooiman, Dr Barbara Beck and Dr Jonathan Jodry, and also announces the launch of our new exhibition Wonders of Gold, curated by Stewart Murray.

Responsible Sourcing

Watch Ruth Crowell on Nasdaq TradeTalks - June 2021

LBMA Chief Executive Ruth Crowell joins Jill Malandrino on Nasdaq TradeTalks to discuss trading data and trends in the precious metals market and LBMA's Responsible Sourcing Programme.

Data

London Gold and Silver Vault Data for May 2021 Published

Latest figures reveal there were 9,499 tonnes of gold held in London vaults, valued at $580.1 billion – approximately 759,915 bars. There were also 36,440 tonnes of silver, valued at $32.4 billion – approximately 1,214,680 bars.

Data

LBMA Net Clearing Data: April 2021

LBMA has published clearing data for April 2021, which showed that the volume of gold ounces transferred in April decreased by 6.7% month on month (m/m) to 18.6m ounces, with the corresponding value 4.4% lower at $32.8b.

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Latest prices

Clearing Data

Daily average for April month 2021

Gold $32.8 bn

Silver $5.83 bn

London Vault Holdings

End May 2021

Gold 9,499t

Silver 36,440t

LBMA Trade Data

12 week moving average value of trades for the period ending 28 March, 2021.

Gold $313 bn

Silver $60.2 bn

View all data

LBMA Events

Conference

20 September 2021 12:00 BST

LBMA/LPPM Virtual Precious Metals Conference

Mark your diaries from Monday, 20 - Tuesday, 21 September for LBMA/LPPM’s Virtual Precious Metals Conference. This event will feature in-depth market discussions, keynote speeches, panel sessions and many networking opportunities. As an exciting addition - government-regulations permitting - we are delighted to announce that we will also be hosting an in-person networking event in London on Monday, 20 September.

1 July 2021 12:00 BST

LBMA Annual General Meeting

This year, LBMA's 33rd Annual General Meeting will be held virtually. Hosted on the Lumi Global platform, we expect a high turnout and look forward to updating you on all things LBMA.

Register now
1 July 2021 7:00 BST

LBMA London Summer Social

To celebrate the reduced restrictions in London, LBMA is hoping to hold a small event for our Members at Landing Forty Two. The event starts at 7:00PM BST and will be a fantastic way to network in-person after the AGM. Registration for the event closes at 12:00PM BST on Monday, 21 June.

Register now

LBMA & Industry Events

24 June 2021

Responsible Gold Guidance Version 9
20 September 2021

LBMA/LPPM Virtual Precious Metals Conference

6 October 2021

IPMI 45th Annual Conference
12 October 2021

LME Annual Dinner

1 December 2021

LBMA/LPPM Annual Dinner

3 March 2022

LBMA Annual Party

16 October 2022

LBMA/LPPM Global Precious Metals Conference

Latest Webinars

Join us bi-weekly on Thursdays to catch up on hot topics, market continuity updates, regulatory briefings, and more.

Webinar

LBMA Trade Data: Volume by Price Insights 

In the fourth on LBMA trade data, Adrian Ash (Director of Research, BullionVault) and David Gornall (Senior Advisor, LBMA) investigated LBMA Trade Data. Saida Litosh (Manager, Precious Metals Research, Refinitiv) joined them to scrutinise the volume-by-price data, now available on the Refinitiv platform, Eikon.

Responsible Sourcing

ESG & Mining

Neil Harby (Chief Technical Officer, LBMA) invited Grant Beringer (Group Sustainability Executive, Barrick Gold Corporation) and Edward Bickham (Senior Advisor, World Gold Council) to discuss all things environmental, social, and governance (ESG) when it comes to mining.

Alchemist Issue 101

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Precious Metals

Issue 101

Where Did the Gold Go? Precious Metal Losses in Refineries

By Michael B. Mooiman

History

Issue 101

Rand Refinery: 100 Years of Reshaping Value

By Praveen Baijnath

Precious Metals

Issue 101

Weighty Matters Looking for Troy

By Simon Rostron

Gold Market

Issue 101

How is the Indian Gold Market Coping with the Challenges of COVID-19?

By Srivatsava Ganapathy

LBMA Initiatives: Responsible Sourcing

Our mandatory independent audit programme verifies the legitimacy of gold and silver supply chains, ensuring sourcing meets international ethical standards.

Responsible Sourcing

LBMA Updates On Responsible Sourcing Programme

LBMA has published a mid-year update to outline the progress made on its 'Five Key Strategic Focus Areas' and provides an update on the audits for 2020.

Responsible Sourcing

LBMA's First Annual Responsible Sourcing Report

Our expert report provides data on the country of origin, highlighting where gold is mined and refined around the world. It aims to increase the transparency of the LBMA Responsible Sourcing programme.

Artisanal Small-Scale Mining

Emergency Support Needed for Artisanal/Small Scale Miners

Some 83% of the world’s mining workforce relies on Artisanal and Small Scale mines for their livelihood. We urge industry, government and civil society to support and protect these communities.

Featured Training

LBMA Virtual Training Courses

LBMA’s bullion market training gives you the tools to successfully engage with the market. This live virtual course offers a detailed and definitive primer for any investor or institution looking to understand and take part in the global precious metals market. This course is CPD Accredited.

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Vault Operators Training

LBMA’s Vault Operators training aims to raise standards at all delivery points around the world. It provides all learning resources and assessment tools needed to ensure vault operators apply the same high standards as the London vaults.

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Key Publications

Guide to the Loco London Precious Metals Market

Read document

Global Precious Metals Code

Read document

Good Delivery Rules

Read document

LBMA exhibition

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