Price discovery is crucial for any market, and the gold market is no exception. Our gold prices primer gives a comprehensive overview of the LBMA Gold price – an important global benchmark – and looks at the mechanisms determining the local gold price in China and India, the two largest consumer gold markets.  

This primer gives an overview of the London Bullion Market Association (LBMA) Gold Price – an important global benchmark – as well as other key gold prices across the globe. 



  • The LBMA Gold Price is an important reference price for the market, used globally by various participants.
  • The LBMA Gold Price is determined via an electronic auction process, which complies with global regulatory standards. 
  • Regional gold prices in China and India reflect local market dynamics.