Source: https://mochatrade.com/learn/glossary/lbma-gold-price

# LBMA gold price
URL: https://mochatrade.com/learn/glossary/lbma-gold-price
Last modified: 2026-10-17

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](https://mochatrade.com/learn), and [a spot gold contract trades through the hours it is not set](https://mochatrade.com/support/what-is-a-perpetual-contract-and-does-it-expire).

## Related terms

- COMEX: https://mochatrade.com/learn/glossary/comex
- Gold futures: https://mochatrade.com/learn/glossary/gold-futures
- Spot price vs futures price: https://mochatrade.com/learn/glossary/spot-price-vs-futures-price
- Contract rollover: https://mochatrade.com/learn/glossary/contract-rollover
- Closing auction (official close): https://mochatrade.com/learn/glossary/closing-auction
- Gap up and gap down: https://mochatrade.com/learn/glossary/gap-up-and-gap-down

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.