{"id":21085,"date":"2026-10-10T06:25:02","date_gmt":"2026-10-10T05:25:02","guid":{"rendered":"https:\/\/metalsradar.com\/glossary\/lbma-good-delivery\/"},"modified":"2026-10-10T06:25:02","modified_gmt":"2026-10-10T05:25:02","slug":"lbma-good-delivery","status":"publish","type":"page","link":"https:\/\/metalsradar.com\/ca\/glossary\/lbma-good-delivery\/","title":{"rendered":"LBMA Good Delivery"},"content":{"rendered":"<div class=\"mrf-gl\"><p class=\"gl-def\">LBMA Good Delivery is the quality standard set by the London Bullion Market Association for the large gold and silver bars traded in the London wholesale market. Only refiners on the Good Delivery List can supply them.<\/p><aside class=\"panel gl-live\"><p class=\"gl-live-h\">\ud83c\udde8\ud83c\udde6 Today in Canada<\/p><div class=\"gl-row\"><span>Gold, 1 troy ounce (spot)<\/span><b>5,970 CAD<\/b><\/div><p class=\"gl-src\">Data as of 10.10.2026, updated daily.<\/p><a class=\"btn primary\" href=\"https:\/\/metalsradar.com\/ca\/cheapest-gold-coins\/\">Compare gold coin prices \u203a<\/a><\/aside><div class=\"gl-body\"><h2>What the LBMA does<\/h2><p>The London Bullion Market Association sets the rules for the world's largest over-the-counter gold and silver market. Its Good Delivery List names the refiners whose bars are accepted in London without further testing. To stay listed, refiners must pass regular checks on assaying, bar quality, financial strength and responsible sourcing.<\/p><p>A Good Delivery gold bar weighs about 400 troy ounces (roughly 12.4 kg) with a minimum <a href=\"fineness}}\">fineness<\/a> of 995. A silver bar is about 1,000 troy ounces. These are the bars behind the global <a href=\"spot-price}}\">spot price<\/a>, not the ones you will buy at a dealer.<\/p><h2>Canadian refiners on the list<\/h2><p>Three Canadian refiners appear on the LBMA's current gold Good Delivery List:<\/p><ul><li><strong>Royal Canadian Mint<\/strong>, Ottawa, Ontario, with a first listing around 1919. The Mint describes itself as both a London and a COMEX Good Delivery refiner.<\/li><li><strong>Asahi Refining Canada<\/strong>, Brampton, Ontario, first listed in 1961.<\/li><li><strong>CCR Refinery (Glencore Canada)<\/strong>, Montreal East, Quebec, with a first listing around 1956.<\/li><\/ul><p>Listing applies to the refinery's large bars. It tells you the refiner meets a world standard, which is a good sign for its smaller retail bars too, but those small bars are not themselves Good Delivery bars. When buying a 10 g or 1 kg bar, a brand from a listed refiner makes resale easier and usually narrows the <a href=\"spread}}\">bid-ask spread<\/a>. See the <a href=\"\/ca\/mint\/royal-canadian-mint\/\">Royal Canadian Mint<\/a> page or browse all <a href=\"\/ca\/mints\/\">mints and refiners<\/a>.<\/p><h2>The LBMA Gold Price<\/h2><p>The LBMA Gold Price is a benchmark set twice each London business day, at 10:30 and 15:00 London time, through an auction run by ICE Benchmark Administration. The LBMA Silver Price is set once a day at noon. They are published in US dollars, pounds and euros, not in CAD. For buyers in Eastern Canada the afternoon London price usually lands around 10:00 in the morning, but most people simply follow the live <a href=\"\/ca\/charts\/gold-price\/\">gold price in CAD<\/a>.<\/p><h2>What it means for you<\/h2><p>For a private buyer in Canada, Good Delivery is a quality filter, not a product. Practical steps:<\/p><ol><li>Prefer bars stamped by a refiner on the current LBMA list; the list changes, so check it when buying from a less familiar brand.<\/li><li>Compare small gold bars such as the <a href=\"\/ca\/product\/10g-gold-bar-pamp-fortuna\/\">10 g PAMP Fortuna<\/a> and silver in the <a href=\"\/ca\/product\/1kg-silver-bar\/\">1 kg silver bar<\/a> comparison.<\/li><li>Judge the deal on the delivered price per fine ounce and the <a href=\"premium}}\">premium over spot<\/a>.<\/li><\/ol><\/div><h2>Related terms<\/h2><p class=\"gl-chips\"><a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/ca\/glossary\/spot-price\/\">Spot Price<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/ca\/glossary\/fineness\/\">Fineness<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/ca\/glossary\/bullion\/\">Bullion<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/ca\/glossary\/bid-ask-spread\/\">Bid-Ask Spread<\/a><\/p><section class=\"mrf-faq\"><h2>FAQ<\/h2><div class=\"faq-list\"><details open><summary><h3>Is the Royal Canadian Mint LBMA accredited?<\/h3><\/summary><div class=\"a\"><p>Yes, the Royal Canadian Mint in Ottawa is on the LBMA's current gold Good Delivery List, with a first listing around 1919.<\/p><\/div><\/details><details><summary><h3>Which Canadian refiners are on the LBMA Good Delivery List?<\/h3><\/summary><div class=\"a\"><p>For gold: the Royal Canadian Mint (Ottawa), Asahi Refining Canada (Brampton, Ontario) and CCR Refinery, part of Glencore Canada (Montreal East, Quebec).<\/p><\/div><\/details><details><summary><h3>Is the LBMA Gold Price published in Canadian dollars?<\/h3><\/summary><div class=\"a\"><p>No, it is published in US dollars, pounds and euros, so Canadian prices are converted at the CAD exchange rate.<\/p><\/div><\/details><\/div><\/section><details class=\"gl-src-list\"><summary>Sources<\/summary><ul><li><a href=\"https:\/\/www.lbma.org.uk\/good-delivery\/about-good-delivery\" rel=\"nofollow noopener\" target=\"_blank\">LBMA: About Good Delivery<\/a><\/li><li><a href=\"https:\/\/www.lbma.org.uk\/good-delivery\/gold-current-list\" rel=\"nofollow noopener\" target=\"_blank\">LBMA: Gold Good Delivery List (current)<\/a><\/li><li><a href=\"https:\/\/www.lbma.org.uk\/prices-and-data\/precious-metal-prices\" rel=\"nofollow noopener\" target=\"_blank\">LBMA: Precious metal prices<\/a><\/li><li><a href=\"https:\/\/www.mint.ca\/en-us\/storage-and-refinery\/storage\" rel=\"nofollow noopener\" target=\"_blank\">Royal Canadian Mint: Storage and refinery<\/a><\/li><\/ul><\/details><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":0,"parent":21075,"menu_order":10,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"class_list":["post-21085","page","type-page","status-publish","hentry"],"taxonomy_info":[],"featured_image_src_large":false,"author_info":{"display_name":"","author_link":"https:\/\/metalsradar.com\/ca\/"},"comment_info":0,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/comments?post=21085"}],"version-history":[{"count":0,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21085\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/pages\/21075"}],"wp:attachment":[{"href":"https:\/\/metalsradar.com\/ca\/wp-json\/wp\/v2\/media?parent=21085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}