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Informist, Friday, Mar. 7, 2025

--LBMA gold stocks down 0.7% on month at 8,477 tn as of Feb 28

--LBMA silver stocks down 4.5% on month at 22,462 tn as of Feb 28

MUMBAI – Gold stocks held in the London Bullion Market Association's vaults fell by 58 tonnes, or 0.7%, on month to 8,477 tonnes in February, the association said Friday. The value of gold held was $772.5 billion, equating to around 687,142 gold bars, it said.

Silver stocks held in the association's vaults declined by 1,066 tonnes, or 4.5%, on month to 22,462 tonnes last month. The value of silver held was $22.5 billion, equating to around 748,738 silver bars.

The association said silver outflows were slightly less than half in February compared to January. The stocks saw the largest monthly decline of 2,212 tonnes, down 8.6% in January.

"While stocks in the Bank of England declined by a similar pace to that seen in January, gold stocks in London's commercial vaults in fact increased - in contrast with the trend seen last month," the association said. This highlights that gold is moving from Bank of England into the Loco London system but also shows that the market dynamics that led to gold travelling to New York in recent months have somewhat eased, it said.  End

Reported by Sandeep Sinha

Edited by Ashish Shirke

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