Data October 01, 2026LBMA Net Clearing Data (Daily Averages): August 2026Our clearing data represents the net volume of transfers of gold and silver physically held in London – known as Loco London.

AI desk brief

LBMA’s August 2026 clearing data show a sharp pickup in London physical transfers for gold: volume rose 17.2% m/m to 18.6mn oz and value increased 26.9% to $81.8bn, with 7,611 transfers, 23.4% higher m/m. Average gold ticket size slipped 5% to 2,438 oz per transfer, pointing to more numerous but smaller tickets.

Silver clearing activity was more mixed: transferred ounces fell 5.6% m/m to 175.1mn oz, while value rose 5.1% to $11.4bn as the average transfer size dropped 25.2% to 88,151 oz across 1,986 transfers, up 26.3% m/m. The average gold/silver price ratio improved to 67.68 from 69.60 in July.