The benchmark
The LBMA Gold and Silver Fix are globally recognized benchmark prices, set daily through auctions administered by the London Bullion Market Association. Used worldwide for pricing, hedging, and settlement.
Gold Fix — AM Fix
10:30
London Time
Gold Fix — PM Fix
15:00
London Time
Silver Fix — Daily Fix
12:00
London Time
Each fix produces a single price where global supply and demand balance during the auction. It serves as the definitive reference for pricing, hedging contracts, and settlement across the metals industry.
Unlike spot trading that fluctuates second by second, the London Fix locks in a price at a specific point in time. Essential for large-volume transactions, inventory valuation, and contract settlement.
Who it's for
Built for participants who need benchmark certainty — not speculative exposure.
Price physical gold and silver inventory against the globally recognized daily benchmark.
Hedge future production at a fixed, verifiable price point.
Meet compliance requirements with official benchmark execution.
Settle precious-metal-denominated contracts at a transparent, auditable price.
Execution integrity
Not every 'fixing' service executes at the official benchmark. Here's how ours is different.
Many brokers label trades as 'AM/PM fixing' while executing at spot prices around the fix window — not at the official LBMA benchmark price.
Orders filled at the published London Fix price — Gold AM, Gold PM, or Silver. No approximations, no spot-price substitutions.
Every fill documented against the official benchmark — a verifiable audit trail for compliance and reporting.
Process
Fix execution follows a clear and structured process aligned with the official London Fix schedule.
Clients submit Gold or Silver Fix orders through the agreed communication channel.
Orders must be received 45 minutes before the relevant fix.
Gold AM: Orders by 09:45
Gold PM: Orders by 14:15
Silver: Orders by 11:15
Orders are executed at the official London Fix price for the relevant metal.
Executed trades are reflected in client accounts with full transparency and documentation.
Post-execution
Once executed, positions open at the official London Fix price. From there, you have full control.
Your position opens at the exact benchmark price — fixed and verifiable.
After the fix, prices move with the live spot market in real time.
Hold, hedge, or close — manage your position like any other trade on your account.
Lock in the benchmark. Keep full flexibility as the market evolves.
Commission
Clear, fixed commissions per lot. No hidden fees, no post-fix re-pricing.
Gold Fix — Buy
$0.30
per lot
Gold Fix — Sell
$0.20
per lot
Silver Fix
$0.015
per lot
All pricing communicated in advance. No adjustments, no exceptions.
Trust
Every order executes at the published LBMA Fix price — gold or silver. No synthetic pricing, no approximations.
After execution, manage your position freely. No lock-in periods, no forced close-outs.
Every fill documented with the official benchmark price, execution time, and full trade details.