LBMA London Vault Holdings
Track physical gold and silver stored in LBMA-approved London vaults
Gold
Track gold stored in LBMA-approved London vaults, including the Bank of England. London is the world's largest gold trading hub.
Silver
Track silver stored in LBMA-approved London vaults. London silver vaults support the world's largest OTC silver trading market.
Latest Clearing Statistics
Month of 2025-12-02
Gold Clearing
Silver Clearing
What Is the LBMA?
The London Bullion Market Association (LBMA) is the international trade association that represents the wholesale over-the-counter market for gold and silver in London. London has been the center of global gold trading for over 300 years. The LBMA sets the globally recognized Good Delivery standard for gold and silver bars, operates the LBMA Gold Price and Silver Price auctions, and publishes monthly data on vault holdings and clearing activity.
London Vault System
LBMA vault holdings represent gold and silver stored in London vaults operated by seven custodians: the Bank of England, JP Morgan, HSBC, ICBC Standard Bank, Brink's, Malca-Amit, and Loomis. The Bank of England is the largest custodian, holding gold on behalf of central banks and commercial institutions. London vault data, published since July 2016, provides transparency into the physical metal underpinning the world's largest OTC bullion market.
Why LBMA Data Matters
London vault holdings are watched by traders and analysts as a barometer of Western institutional gold and silver demand. Declines in London vault gold, often coinciding with increases in COMEX registered inventory or Asian imports, can signal shifts in global metal flows. The clearing data, available since 1996, shows the volume and value of metal changing hands in London each month, reflecting overall market liquidity and activity levels.
Frequently Asked Questions
- What is the LBMA?
- The London Bullion Market Association (LBMA) is the international trade association representing the London bullion market. It sets standards for gold and silver refining (Good Delivery), operates the twice-daily gold price auction (LBMA Gold Price), and publishes vault holdings data for London.
- What do LBMA vault holdings represent?
- LBMA vault holdings show the total amount of gold and silver stored in London vaults operated by LBMA members. This includes the Bank of England, JP Morgan, HSBC, ICBC Standard Bank, Brink's, Malca-Amit, and Loomis. The data is published monthly in troy ounces.
- Why are London vault holdings important?
- London is the world's largest center for over-the-counter (OTC) gold and silver trading. Vault holdings data shows the physical metal backing this market. Changes in London vault stocks can signal shifts in global gold flows — for example, metal moving to COMEX or to Asia.
- What is LBMA clearing data?
- LBMA clearing data shows the volume and value of gold and silver transferred between LBMA clearing members each month. This data has been published since 1996 and reflects the scale of London's bullion market activity.
- How often is LBMA data updated?
- LBMA vault holdings and clearing data are published monthly. Vault holdings data has been available since July 2016, while clearing statistics go back to October 1996.