LBMA shines light on London's gold

London

LONDON'S precious metals vaults held 7,449 tonnes of gold worth US$298 billion and 32,078 tonnes of silver worth US$19 billion as of March 31, the London Bullion Market Association (LBMA) said on Monday, publishing such data for the first time.

These holdings underpin the world's largest gold trading centre, with an average US$18.1 billion in gold trades cleared per day in London in March, according to the LBMA.