London bullion market association
LBMA Gold Price
The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA).
IBA provides the price platform and methodology as well as the overall administration and governance for the LBMA Gold Price. The IBA platform is electronic, auction-based, tradeable, auditable and fully IOSCO-compliant for the London market. Any party using the IBA platform for valuation and pricing activities requires a usage licence.
IBA ensures appropriate governance over the IBA Precious Metals Auctions and the LBMA Gold and Silver Price benchmarks, 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 the ICE’s website.
There are seventeen direct participants who have been accredited to contribute to the LBMA Gold Price.
View Accredited List
The IBA Gold Auction: How it Works
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