Prices and Data

London Vault Holdings Data

The data represents the volume of Loco London gold and silver held in the London vaults offering custodian services.

We publish vault holdings data as part of our continued efforts to improve transparency in the Loco London Precious Metals Market, which also includes reporting weekly LBMA Trade Data. The statistics below include the holdings of the London commercial vaults as well as the Bank of England’s gold holdings (the Bank does not hold any silver).

Record Silver Stocks in London Vaults

As at end March 2021, there was a record stock of silver held in London vaults. In total there was 38,859 tonnes of silver, representing an 11% increase on the previous month, valued at $30 billion which equates to approximately 1,259,310 silver bars.

There was also 9,461 tonnes of gold, valued at $514.4 billion, which equates to approximately 756,883 gold bars.

These figures provide an important insight into London’s ability to underpin the physical OTC market.

The publication on the fifth business day of each month of the amount of gold the London vaults were holding at the end of the previous month follows the recent move to publish the equivalent data for silver. It represents a continued move towards greater transparency and timeliness.

Month end Gold Silver
  Troy Ounces ('000s) Troy Ounces ('000s)
March 2021 304,179 1,249,355
February 2021 307,337 1,125,154
January 2021 308,709 1,104,241
December 2020 306,613 1,080,538
November 2020 303,891 1,076,242
October 2020 300,599 1,075,121
September 2020 291,574 1,077,299
August 2020 287,912 1,073,500
July 2020 282,620 1,093,482
June 2020 278,706 1,115,657
May 2020 272,793 1,145,072
April 2020 272,717 1,146,719
March 2020 273,779 1,175,737
February 2020 271,465 1,170,061
January 2020 268,883 1,165,549
December 2019 267,673 1,162,162
November 2019 265,660 1,160,517
October 2019 265,705 1,153,427
September 2019 264,550 1,146,308
August 2019 258,121 1,145,738
July 2019 251,133 1,140,675
June 2019 244,600 1,143,018
May 2019 245,202 1,152,110
April 2019 245,963 1,159,570
March 2019 246,635 1,163,695
February 2019 245,270 1,148,400
January 2019 242,967 1,146,502
December 2018 240,854 1,137,680
November 2018 239,330 1,135,782
October 2018 238,255 1,129,268
September 2018 239,588 1,129,624
August 2018 242,045 1,128,297
July 2018 245,381 1,107,680
June 2018 247,043 1,122,091
May 2018 248,573 1,097,000
April 2018 250,257 1,090,476
March 2018 250,142 1,086,259
February 2018 251,356 1,104,999
January 2018 251,678 1,108,613
December 2017 251,622 1,106,489
November 2017 252,110 1,103,662
October 2017 251,658 1,096,559
September 2017 248,942 1,089,013
August 2017 243,894 1,083,032
July 2017 241,135 1,077,855
June 2017 243,041 1,074,647
May 2017 241,596 1,053,498
April 2017 241,009 1,055,393
March 2017 239,488 1,031,321
February 2017 238,776 1,010,268
January 2017 238,887 1,010,942
December 2016 241,881 1,004,313
November 2016 246,055 993,303
October 2016 246,141 978,229
September 2016 244,025 969,175
August 2016 239,742 957,798
July 2016 234,144 951,433

Notes

The data:

  • Is reported monthly (one month in arrears)
  • Represents the holdings on the last day of the month
  • Starts from July 2016, when the current set of custodians were established
  • Includes precious metals held within the M25, and not outside this area
  • Includes all physical forms of metal: large wholesale bars, coin, kilo bars and small bars
  • Does not include jewellery and other private holdings held by retailers, individuals and smaller vaults not included in the London Clearing system

Conversion factor: 1 gram = 0.0321507465 troy ounces

Valuations are based on the pm LBMA gold and silver prices at month end

The calculation for number of bars assumes that a standard gold bar weighs 12.5kg and a standard silver bar 30kg