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GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 4342.19
|
SILVER 1 OZ:      SGD 47.17
|
PLATINUM 1 OZ:      SGD 1648.41
|
Updated: 23/06/2025 10:00 AM

GoldSilver Central Pte LtdGoldSilver Central Pte Ltd

GoldSilver Central Pte Ltd

We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.

+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
Email: [email protected]

GoldSilver Central Pte. Ltd.
3 Pickering Street #01-15/16 Nankin Row Singapore 048660

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+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
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  • What is LBMA and LBMA Gold Price?
 
GoldSilver Central Team
Thursday, 01 July 2021 / Published in Blog, Precious Metals Investing 101

What is LBMA and LBMA Gold Price?

We have many clients and new investors who have asked us about what is LBMA and the LBMA Gold price published. In this short article, we will have a short knowledge sharing on these 2 frequently asked questions. LBMA is an association that sets standards and represents the global bullion market players. The members of LBMA are to ensure the highest standard of transparency and quality assurance for the precious metals market. LBMA has a responsible sourcing programme for precious metals, this is to protect the integrity of the global supply chain, combat money laundering, terrorist financing and human rights abuses globally. Inland Revenue Authority of Singapore (IRAS) takes into consideration the good delivery list from LBMA as the tax exemption criteria for investment precious metals in Singapore.

However, the overall association does not generally set or provide any metals live pricing per se, e.g. Brinks is a member of LBMA but the company doesn’t make live market prices. The LBMA Gold Price is a global benchmark price for unallocated Gold delivered in London. It is set twice daily at 10:30am (AM Price) and 15:30pm (PM Price) London time by an auction that is independently operated and administered by ICE Benchmark Administration (IBA). The price is set in US dollars per fine troy ounce (31.1035g). Since LBMA doesn’t set the gold price, UK bank holiday where no LBMA prices are published actually doesn’t affect trading of gold as prices are still generated by over counter transactions globally.

In Singapore, there is the Singapore Bullion Market Association (SBMA), which GoldSilver Central has been a member since 2016. The SBMA is a non-profit organisation representing 35 key stakeholders from the precious metals industry in Singapore including bullion banks, exchanges, refineries, bullion merchants and secured logistics support companies. Its mission is to develop the bullion market in Asia and aims to have widespread representation of the ASEAN precious metals industry.

Hope this short article provided you some insights into our trade and stay tuned for more knowledge sharing articles by our team!

 

Maya

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    GoldSilver Central Pte Ltd (UEN: 201107187N), a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport. 

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    • HOME
    • SHOP
      ▼
      • GOLD
        ▼
        • Gold Bar
        • Gold Coin
      • SILVER
        ▼
        • Silver Bar
        • Silver Coin
      • PLATINUM
        ▼
        • Platinum Bars
        • Platinum Coins
      • NUMISMATICS
        ▼
        • Pre-1933 US Gold Coins
        • Morgan Silver Dollars
        • Peace Silver Dollars
      • PROOF COINS AND BARS
        ▼
        • Silver Proof Coins & Bars
        • Austrian Mint Collector Coins
      • GSC EMOTIONALS
        ▼
        • Austrian Mint Kissed Awake Jewellery Collection
        • Degussa Emotional Products Collection
      • Pre-Orders
      • PRELOVED GOLD JEWELLERY
      • MEMBERSHIP
      • INSTITUTION/CORPORATE CLIENT SERVICES
    • PROMOTIONS
    • SERVICES
      ▼
      • Only Government Guaranteed Precious Metals Accumulation Program in the World
        ▼
        • Perth Mint Certificate Program
        • Perth Mint Depository Online
        • FAQ
      • The Cash You Need while Retaining your Metals Ownership
        ▼
        • Collateral Loan Program
      • GSC Allocated Storage Program
        ▼
        • GSC Bullion Storage Program
        • Storage Charges
        • Pick and Store Package for Bullion Transfer & Storage
        • FAQ
      • NUMISMATICS
    • SELL GOLD JEWELLERY
      ▼
      • Sell Gold Jewellery for Best Prices
      • Selling Gold Jewellery to us: FAQ
      • Buy Pre-Loved Gold Jewellery
    • GSAP
      ▼
      • GSC Savings Accumulation Program
      • GSAP FAQ
    • GSC Live!
      ▼
      • About GSC Live!
      • GSC Live! User Guide (Desktop)
      • GSC Live! User Guide (Mobile)
      • GSC Live! FAQ
    • ABOUT
      ▼
      • The Company
        ▼
        • About us
        • Vision and Values
        • Our Showroom
        • Our Team
        • Career
      • PRESS CENTRE
        ▼
        • Press Kit
        • Press Releases
        • Press Mentions
      • CUSTOMER SERVICE
        ▼
        • 10th Anniversary E-book
        • Frequently Asked Questions (FAQ)
        • Agreement & Policies
        • Resources
        • Video Resources
        • Payment Methods
      • INSIGHTS
        ▼
        • GSC Morning Call
        • Blog
    • GSC 10AM REF PRICES
    • CONTACT
      ▼
      • Contact Us
      • Getting Here
    • ACCOUNT
      ▼
      • My Account
      • My Cart
      • Payment Methods
      • My Price Notifications

    EASYSENDY.com