What is LBMA approved gold?

What is LBMA approved gold?

It’s the de facto standard, trusted around the world. Good Delivery Lists are lists of gold and silver refiners who are accredited by the LBMA to supply gold and silver bars into the London market. Refineries must produce bars which satisfy high standards in terms of purity, quality and physical appearance.


MIAMI, Feb. 18, 2014 /CNW/ – Republic Metals Corporation (RMC) is proud to announce the addition of the RMC brand to the London Bullion Market Association (LBMA) Good Delivery List for Gold effective February 17, 2014.

What does LBMA stand for?

London Bullion Market Association
The London Bullion Market Association (now known simply as LBMA), established in 1987, is the international trade association representing the global Over The Counter (OTC) bullion market, and defines itself as “the global authority on precious metals”.

How do you get LBMA accreditation?

Been in existence for at least five years and been refining the metal for which you are applying for Good Delivery status for not less than three years. An established annual refining production (which need not be in the form of standard bars) of not less than 10 tonnes for gold, or not less than 50 tonnes for silver.

How Much Is a Good Delivery gold bar worth?

400 oz Gold Bar – London Good Delivery

Weight: Spot Price: Buy Price:
400.00 oz $ 715,312.00 $ 724,253.40

How much is a kilogram of gold worth today?

Gold Price per Kilo USD

Current Price $57,763.96
Week High $58,974.63
Week Low $57,646.90
Week Change $-564.02 (-0.97%)

Is Royal Mint LBMA approved?

The Royal Mint is an active member of the London Bullion Market Association (LBMA).

How many gold refineries are there in the world?

Currently, there are 71 refiners on the LBMA’s gold Good Delivery List and 81 refiners on its silver Good Delivery List, or which just over 50 of these refineries are accredited to both the LBMA’s gold and silver lists.

What is the largest gold exchange?

Shanghai Gold Exchange
The largest purely physical spot exchange in the world is the Shanghai Gold Exchange.

Who regulates the LBMA?

ICE Benchmark Administration
The LBMA Gold Price and LBMA Silver Price are the global benchmark prices for unallocated gold and silver delivered in London. Both the Gold and Silver Prices are regulated Commodities Benchmarks under the EU Benchmarks Regulation. The Prices are administered by ICE Benchmark Administration.

What is the current value of gold per ounce?

Gold Spot Price

Gold Spot Prices Gold Price Spot Change
Gold Price Per Ounce $1,795.50 ($11.30)
Gold Price Per Gram $57.73 ($0.36)
Gold Price Per Kilo $57,726.62 ($363.30)
Live Metal Spot Prices (24 Hours) Last Updated: 9/10/2021 4:59:03 PM ET

Why is the LBMA the best gold standard?

LBMA sets the stringent criteria that enable the global trade in gold and silver bars. It is the de facto standard trusted around the world.

What kind of Bar Mark does LBMA have?

Current Bar Mark: Horse’s head logo surrounded by QIANKUN GOLD AND SILVER in Roman and Chinese characters and assay mark with Chinese characters for Inner Mongolia, China in Chinese characters and CHINA in Roman characters.

Who is on the Good Delivery List of the LBMA?

Only refiners whose bars have been accredited by LBMA as meeting the exacting standards for trading on the global OTC market appear in the Good Delivery List. The Good Delivery List is the property of the LBMA.

Where to find Istanbul Gold Refinery Melter and assayer?

ISTANBUL GOLD REFINERY MELTER & ASSAYER in oval around IGR (Note: The number of digits in the serial number have been reduced and font sizes have changed.) Brand Mark at Date of Transfer: ISTANBUL GOLD REFINERY MELTER & ASSAYER in oval around IGR.

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