LBMA published data showing that the month of July 2026 saw a decrease in the volume of gold and silver transfers, resulting in the corresponding value transferring down 9% for gold and 15.6% for silver month-on-month.

LBMA is the independent precious metals authority. We advance standards and develop market solutions for the common good of the global industry. Our mission is to ensure the highest levels of leadership, integrity and transparency through advancements such as the Good Delivery List, the Global Precious Metals Code, the Responsible Sourcing Programme, campaigning for gold as an HQLA, and the Gold Bar Integrity (GBI) Initiative which aims to digitally trace gold as it moves through the global supply chain, confirming provenance and providing transparency. LBMA publishes the internationally recognised benchmark prices for gold, silver, platinum and palladium, administered by IBA and LME, while LBMA Trade Data makes it possible for market participants to gauge the size and shape of the London OTC precious metals market — the oldest and biggest financial market for gold in the world — by improving transparency and demonstrating liquidity. LBMA has Members from across the world, including financial institutions and trading, refining, transportation, vaulting and manufacturing companies.