How can you clearly and transparently view the gold price today? In the following chart, you can analyze the trend of the gold price in real time, updated constantly every ten seconds.The transmitted values show the variation in terms of price and percentage compared to the opening quotation. At the same time, the fixing provides the gold price set by the London Bullion Market Association (LBMA) twice a day.
How is the gold price determined and who decides the price of the most precious metal on a daily basis?
Every day, the bullion banks jointly set the official gold price, which is published on the LBMA website.
The so-called London Fixing is published twice a day: at 10:30 a.m. (the Morning Fix) and at 3:00 p.m. (the Afternoon Fix).
In recognition of its authoritative presence in the market and the transparency that has always characterized its business model, Italpreziosi contributes — through the ITLP Code — to the formation of the gold price defined by the London Bullion Market Association (LBMA) and disseminated by Bloomberg and Refinitiv Eikon.On September 1st, 2008, Italpreziosi became an Associate Member of the LBMA, and since 2018 it has been among the 71 refineries worldwide certified as “Good Delivery” for gold production.
The London Bullion Market Association sets the standards for gold bar production, promoting best business practices: the LBMA represents the global benchmark for OTC (Over-the-counter) precious metals markets.
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