LMEprecious reference prices

From the 22 January 2021 the LME will stop calculating and publishing the LMEprecious Reference Prices. Please refer to notice 20 290.

The LMEprecious reference prices provide intra-day LME Gold and LME Silver spot price points to support the precious metals market in managing their price risk throughout the trading day, aligned with periods of peak liquidity.

LMEprecious reference prices are calculated by the LME three times a day (London time):

• LME Gold AM and LME Silver AM - 10:30-10:32
• LME Gold Midday and LME Silver Midday - 12:00-12:02
• LME Gold PM and LME Silver PM - 15:00-15:02

You can access intra-day LMEprecious reference prices for free using LMElive.

*All times are London times

The LMEprecious reference prices are benchmarks administered by the LME pursuant to the European Benchmarks Regulation. For more information, please see here.

Methodology

Details of the methodology used by the LME in determining the LMEprecious reference prices are found on the LME BMR website.

These reference prices are for spot (T+2 ) only, as the LME Gold and LME Silver contracts have liquidity principally focused on the spot contract, which supports spread trading out to all monthly dates.

Publication of the reference prices

The reference prices are disseminated as a market message on LMEselect, available via the GUI and FIX. Prices will then be published on their respective pages for both gold and silver and are available for market participants to use free of charge.

The prices will be published on each trading day.

View the prices

• LME Gold reference prices
• LME Silver reference prices