{"id":20312,"date":"2026-10-05T05:47:17","date_gmt":"2026-10-05T04:47:17","guid":{"rendered":"https:\/\/metalsradar.com\/glossary\/lbma-good-delivery\/"},"modified":"2026-10-05T07:49:24","modified_gmt":"2026-10-05T06:49:24","slug":"lbma-good-delivery","status":"publish","type":"page","link":"https:\/\/metalsradar.com\/en\/glossary\/lbma-good-delivery\/","title":{"rendered":"LBMA Good Delivery"},"content":{"rendered":"<div class=\"mrf-gl\"><p class=\"gl-def\">The LBMA (London Bullion Market Association) runs the Good Delivery List of accredited refiners and the standard for large bars traded between banks. It also oversees the LBMA Gold Price benchmark.<\/p><aside class=\"panel gl-live\"><p class=\"gl-live-h\">\ud83c\uddfa\ud83c\uddf8 Today in the US<\/p><div class=\"gl-row\"><span>Gold, 1 troy ounce (spot)<\/span><b>$4,160<\/b><\/div><div class=\"gl-row\"><span>Cheapest 1 oz gold coin: <a href=\"https:\/\/metalsradar.com\/en\/product\/1oz-krugerrand-gold-coin\/\">1oz Krugerrand Gold Coin<\/a><\/span><b>$4,189.93<\/b> <small>+0.7% premium<\/small><\/div><p class=\"gl-src\">Data as of 05.10.2026, updated daily.<\/p><a class=\"btn primary\" href=\"https:\/\/metalsradar.com\/en\/cheapest-gold-coins\/\">Compare gold coin prices \u203a<\/a><\/aside><div class=\"gl-body\"><h2>What LBMA Good Delivery means<\/h2><p>The LBMA is the trade body of the London wholesale gold and silver market. Its Good Delivery rules set what a bar must look like to be accepted between banks: a gold bar of roughly 350 to 430 troy ounces with fineness of at least 995, and a silver bar of roughly 750 to 1,100 ounces with fineness of at least 999. Each bar carries the refiner's mark, a serial number, fineness and year of manufacture.<\/p><p>Only refiners on the Good Delivery List may produce these bars. To stay on the list they pass regular testing and responsible sourcing audits. That is why \"LBMA-accredited refiner\" on a small bar is a useful quality signal, even though a 1 oz bar is not itself a Good Delivery bar.<\/p><h2>LBMA and the US market<\/h2><p>American buyers deal with LBMA standards in three ways:<\/p><ul><li><strong>Price.<\/strong> The LBMA Gold Price is set by auction twice each London business day and published in US dollars. Many contracts, funds and dealer buyback agreements refer to it.<\/li><li><strong>Futures.<\/strong> COMEX in New York uses its own list of approved brands and a 100 oz bar for gold futures, but the minimum fineness of 995 matches the LBMA. Many refiners are on both lists.<\/li><li><strong>IRAs.<\/strong> IRA custodians accept bullion that meets futures market fineness, so bars from LBMA or COMEX-approved refiners are the usual choice. See <a href=\"fineness}}\">fineness<\/a>.<\/li><\/ul><h3>Example: why brand matters when you sell<\/h3><p>Two 10 oz silver bars contain the same metal. One comes from a refiner on the LBMA list with a stamped serial number; the other is an unbranded poured bar. A dealer will usually pay a better bid for the branded bar because it needs no assay, so the <a href=\"spread}}\">spread<\/a> you face is smaller.<\/p><h2>How to use this when buying<\/h2><ul><li>When you compare <a href=\"\/en\/categories\/1-ounce-gold-bars\/\">1 oz gold bar prices<\/a>, check that the refiner is accredited.<\/li><li>For larger sizes, the <a href=\"\/en\/categories\/1-kilo-gold-bars\/\">1 kg gold bar comparison<\/a> shows bars close to wholesale standards.<\/li><li>The <a href=\"spot-price}}\">spot price<\/a> you see is close to the London and COMEX wholesale price, before any retail <a href=\"premium}}\">premium<\/a>.<\/li><\/ul><\/div><h2>Related terms<\/h2><p class=\"gl-chips\"><a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/en\/glossary\/spot-price\/\">Spot Price<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/en\/glossary\/fineness\/\">Fineness<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/en\/glossary\/bullion\/\">Bullion<\/a> <a class=\"gl-chip\" href=\"https:\/\/metalsradar.com\/en\/glossary\/bid-ask-spread\/\">Bid-Ask Spread<\/a><\/p><section class=\"mrf-faq\"><h2>FAQ<\/h2><div class=\"faq-list\"><details open><summary><h3>What is the LBMA Gold Price?<\/h3><\/summary><div class=\"a\"><p>It is a benchmark price for gold in US dollars set by electronic auction twice each London business day.<\/p><\/div><\/details><details><summary><h3>Are US Mint coins LBMA Good Delivery?<\/h3><\/summary><div class=\"a\"><p>No, Good Delivery applies only to large wholesale bars, while US Mint coins are guaranteed by the US government.<\/p><\/div><\/details><details><summary><h3>Do I need LBMA bars for a gold IRA?<\/h3><\/summary><div class=\"a\"><p>Not necessarily, but IRA custodians require bullion of futures delivery fineness, and bars from LBMA or COMEX-approved refiners meet that test.<\/p><\/div><\/details><\/div><\/section><details class=\"gl-src-list\"><summary>Sources<\/summary><ul><li><a href=\"https:\/\/www.lbma.org.uk\/good-delivery\" rel=\"nofollow noopener\" target=\"_blank\">LBMA: Good Delivery<\/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.cmegroup.com\/content\/dam\/cmegroup\/rulebook\/COMEX\/1a\/113.pdf\" rel=\"nofollow noopener\" target=\"_blank\">CME Group COMEX Rulebook, Chapter 113 Gold Futures<\/a><\/li><li><a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/408\" rel=\"nofollow noopener\" target=\"_blank\">26 U.S. Code \u00a7 408(m), collectibles in IRAs<\/a><\/li><\/ul><\/details><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":0,"parent":20232,"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-20312","page","type-page","status-publish","hentry"],"taxonomy_info":[],"featured_image_src_large":false,"author_info":{"display_name":"","author_link":"https:\/\/metalsradar.com\/en\/"},"comment_info":0,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/pages\/20312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/comments?post=20312"}],"version-history":[{"count":1,"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/pages\/20312\/revisions"}],"predecessor-version":[{"id":20400,"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/pages\/20312\/revisions\/20400"}],"up":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/pages\/20232"}],"wp:attachment":[{"href":"https:\/\/metalsradar.com\/en\/wp-json\/wp\/v2\/media?parent=20312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}