Prices and Data

LBMA Gold Price

The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA).

IBA independently administers the price and provides the auction platform on which the LBMA Gold Price is calculated, while LBMA own the intellectual property rights. The platform is electronic, tradeable, auditable and in line with the IOSCO Principles for Financial Benchmarks. Any party using the LBMA Gold Price for valuation and pricing activities requires a usage licence with IBA.

IBA ensures appropriate governance over the IBA Precious Metals Auctions and the LBMA Gold Price benchmark, as well as ensuring standards of conduct are met. All participants are required to adhere to a Code of Conduct, and IBA’s Precious Metals Oversight Committee – which has broad representation from the Gold and Silver markets – oversees the definition and methodology of LBMA Precious Metals Prices. For more details on the auction process and oversight, see IBA’s website.

There are sixteen direct participants who have been on-boarded to contribute to the LBMA Gold Price.

  • Bank of China
  • Bank of Communications
  • Citibank, N.A. London Branch
  • Coins ‘N Things Inc.
  • DRW Investments, LLC
  • Goldman Sachs
  • HSBC Bank USA NA
  • Industrial and Commercial Bank of China (ICBC)
  • Jane Street Global Trading, LLC
  • JPMorgan Chase Bank, N.A. London Branch
  • Koch Supply and Trading LP
  • Marex
  • Morgan Stanley
  • Standard Chartered Bank
  • StoneX Financial Ltd
  • Toronto-Dominion Bank

The IBA Gold Auction: How it Works