Operating since 1919 the London bullion market (bullion simply means precious metal that is not used by the mint for coins) sets the price of gold for global markets.
The London Gold Fixing is the procedure by which the price of gold is determined twice each business day on the London market by five members of the London Bullion Market Association (LBMA). It is designed to fix a price for settling contracts between members of the London bullion market, but informally the gold fixing provides a recognised rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world’s markets.
Precious metals / current market valuations
All figures subject to change. Price: Euro/kg
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