GOLD NEWS

LBMA Net Clearing Data (Daily Averages): November 2024

Fri Jan 03 2025

Daily Averages Gold Clearing Data - November 2024

The volume of gold transferred in November increased by 6.8% month on month (m/m) to 17.4 mn ounces, with the corresponding value transferred up 5.3% m/m to $46.1 bn. There were 6,487 transfers, 23.1% higher m/m, with the clearers settling on average 2,683 ounces per transfer, 13.2% lower m/m.

Daily Averages Silver Clearing Data - November 2024

For silver, the volume of ounces transferred decreased by 3.4% m/m to 207.3 mn ounces, with the corresponding value transferred down 7.2% m/m to $6.5 bn. The number of transfers decreased by 35.8% m/m to 1,986, with the clearers settling on average 104,406 ounces per transfer, 50.4% higher m/m.

The average gold/silver price ratio in November increased to 82.1 from 82.9 in October.

Source: https://www.lbma.org.uk