LBMA gold price

The LBMA gold price is the London benchmark set by electronic auction twice a day, at 3:00 PM and 7:30 PM IST (4:00 PM and 8:30 PM in winter), which replaced the London fix in 2015. Central banks and contracts settle against it; Module 2 tells its history, and a spot gold contract trades through the hours it is not set.

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  • COMEXCOMEX is the New York exchange, part of CME Group, where benchmark gold, silver and copper futures trade. Globex runs…
  • Gold futuresGold futures are exchange-traded contracts on gold, the benchmark on COMEX in dollars per troy ounce, trading above…
  • Spot price vs futures priceThe spot price is for delivery now; the futures price is for delivery later, and the gap is the cost of carry, which…
  • Contract rolloverContract rollover is closing an expiring futures month and opening the next to stay exposed. Front at $85.00, next at…
  • Closing auction (official close)The closing auction is the single matched trade at 1:30 AM IST, 2:30 AM in winter, that sets each US stock's official…
  • Gap up and gap downA gap is a price opening far from where it last traded, with nothing in between. US stocks gap at 7:00 PM IST because…

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