Whilst the price of gold is in a permanent state of fluctuation during the trading week, there is a fixed price twice a day; 10.30am and 3.00pm (GMT) in London. The fixed price is determined by the London Bullion Market (LBMA) which comprises of the five main Bullion Houses: Deutsche Bank, HSBC, Barclays Capital, Scotia Mocatta and Societe Generale. The fixed price of gold is typically what IMGold trades in, although we are able to trade on the live price upon request. The price of silver is also determined by the LBMA, however unlike gold, there is just one daily fix at 12pm (GMT).
- What Is The Gold Fix?