RE: LMBA - London Precious Metals Bullion5 May 2026 07:32
The London Bullion Market Association (LBMA) is the international trade association and worldwide authority for gold and silver bullion, representing the London market. It sets global standards for metal purity, refiner auditing, and trading practices (Good Delivery rules) to ensure quality and ethical sourcing.Key Aspects of the LBMA:Role & Authority: As a standard-setting body, it oversees the global over-the-counter (OTC) market for precious metals, ensuring integrity in the Loco London market.Good Delivery Standards: The LBMA maintains the "Good Delivery Lists," identifying accredited refiners who meet strict requirements for purity and quality.LBMA Prices: The association owns and manages the official global benchmark prices for gold, silver, platinum, and palladium, which are set twice daily.Members: Members include central banks, private investors, producers, refiners, and traders.Responsible Sourcing: The LBMA enforces a "Code of Conduct" to ensure ethical sourcing, prohibiting conflict gold.