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The LBMA gold price is set twice every business day at 10:30AM and 3:00PM, London time, in United States dollars (USD). Prices are available in sixteen other currencies—including British pounds, Canadian dollars, Chinese renminbi, and euros—but they are indicative prices for settlement between LBMA members only.
LBMA's wholly owned subsidiary, Precious Metals Prices Limited, owns the Intellectual Property Rights for the daily spot benchmark prices for gold, silver, platinum and palladium. The administration and calculation of the prices are managed by independent third parties across electronic auction platforms.
Twice daily, at 10:30 AM and 3:00 PM (local time). the LBMA publishes the gold price in US dollars. [1] These forward contracts are known as gold futures contracts. Spot gold is traded for settlement two business days following the trade date, with a business day defined as a day when both the New York and London markets are open for business.
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[30] 1 kilogram (32.2 ozt) bars are also popular, although many other weights exist, such as the 10 ozt (310 g), 1 ozt (31 g), 10 g, 100 g, 1 kg, 1 Tael (50 g in China), and 1 Tola (11.3 g). Bars generally carry lower price premiums than gold bullion coins.
Per-kilogram prices of some synthetic radioisotopes range to trillions of dollars. ... London bullion market morning fix. In warehouse. ... Gold: 19.282: 0.004 (1.108 ...