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
April 2025
Gold
The volume of gold transferred in April increased by 17.8% month on month (m/m) to 20.3mn ounces, with the corresponding value transferred up 26.6% m/m to $65.1bn. There were 10,257 transfers, 53.6% higher m/m, with the clearers settling on average 1,978 ounces per transfer, 23.3% lower m/m.
Silver
For silver, the volume of ounces transferred increased by 28.6% m/m to 342.8mn ounces, with the corresponding value transferred up 25.0% m/m to $11.1bn. The number of transfers increased by 25.6% m/m to 4,567, with the clearers settling on average 75,061 ounces per transfer, 2.4% higher m/m.
The average gold/silver price ratio in April increased to 99.4 from 89.9 in March.
Updated 6th June 2025: Please note that since publishing the clearing data on the 2nd June 2025, the figures have changed due to a submission error.
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.