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.
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.
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.
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.
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.
Daily average for April month 2021
Gold $32.8 bn
Silver $5.83 bn
London Vault Holdings
End May 2021
LBMA Trade Data
12 week moving average value of trades for the period ending 28 March, 2021.
Gold $313 bn
Silver $60.2 bn
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.
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.
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.
LBMA & Industry Events
Responsible Gold Guidance Version 9
LBMA/LPPM Virtual Precious Metals Conference
IPMI 45th Annual Conference
LME Annual Dinner
LBMA/LPPM Annual Dinner
LBMA Annual Party
LBMA/LPPM Global Precious Metals Conference
Join us bi-weekly on Thursdays to catch up on hot topics, market continuity updates, regulatory briefings, and more.
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.
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 101View all articles
Where Did the Gold Go? Precious Metal Losses in Refineries
By Michael B. Mooiman
LBMA Initiatives: Responsible Sourcing
Our mandatory independent audit programme verifies the legitimacy of gold and silver supply chains, ensuring sourcing meets international ethical standards.
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.
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.
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.