The LBMA Gold Price and LBMA Silver Price are the global benchmark prices for unallocated gold and silver delivered in London. Producers, the investment community, banks and central banks, fabricators, jewelers and other consumers as well as market participants from around the globe, transact during the IBA Gold and Silver Auctions and use the benchmarks as reference prices.
The ability to transact and reference a single transparent price, produced by a regulated benchmark administrator provides significant benefits to the market. The LBMA Gold Price and LBMA Silver Price facilitate spot, monthly averaging, cash-settlement, location swaps, fixed for floating swaps, options and other derivative transactions important to price risk management.
The LBMA Gold Price and LBMA Silver Price are benchmarks regulated by the UK’s FCA. IBA is a regulated benchmark administrator, authorized to administer the LBMA Gold Price and LBMA Silver Price. IBA is also compliant with the IOSCO Principles for Financial Benchmarks.
Key Features and Coverage on RIMES
For this data source, RIMES hosts approximately 35 Gold AM Fix Price per fine Troy ounce securities and 17 Silver Price per ounce securities. Some of the data items available include:
- Database Domain Code
- Last Price Date
- Price (Delayed)
- Price in Swiss Francs
- Price in US Dollars
- Database Source
- Database Symbol
- Time / Date, etc.
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