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Informist, Tuesday, Jun. 3, 2025

 

MUMBAI – The volume of gold transferred in the London bullion market increased 33.1% on month in April to 22.9 million ounces, according to the London Bullion Market Association. The value of gold transferred went up 43.1% on month to $73.5 billion.

 

The number of gold transfers registered in April increased 57.1% to 10,491, with the clearers settling on average 2,185 ounces per transfer, 15.3% lower on month. The volume of silver transferred in April increased 50.7% on month to 401.8 million ounces, with the value of such transfers rising 46.5% to $13 billion. The number of silver transfers increased 28.9% to 4,688, with the clearers settling on average 85,705 ounces per transfer, up 16.9% on month, the association said.

The average gold/silver price ratio increased to 99.4 in April from 89.9 in March. The association clarified that the clearing statistics represent the net volume of London gold and silver transfers settled between clearing members of the London Precious Metals Clearing Ltd. The members of London Precious Metals Clearing are HSBC, ICBC Standard Bank, JP Morgan, and UBS, it said.  The data is collected and published monthly and is based on daily averages.  End

 

US$1 = INR 85.54

 

Reported by Abhijit Doshi

Edited by Rajeev Pai

 

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