The London Bullion Market Association will require its accredited gold refineries to provide data to a digital platform starting 2027 as part of its drive to increase transparency in the market as gold prices increase, according to a report by Reuters, citing the association’s head.
The LBMA will have voluntary periodic reporting starting from January 2026 and will become mandatory in 2027, said LBMA CEO Ruth Crowell during the association’s precious metals conference in Japan.
The LBMA, which manages London’s over-the-counter gold trading hub, launched the Gold Bar Integrity Database in January for faster data collection and data processing from refiners. The database reports a “good delivery” list, which allows those on the list access to the London market. It requires refineries to source the metal responsibly.
The good delivery list includes 66 gold refineries and 83 refineries around the world.
Currently, refineries only report data on the country of origin of the material they source to the LBMA once a year.
“Markets are becoming more and more complicated. We need to have dialogue with the refineries when you start to source from new jurisdictions. We need to all have trust in the gold that is underpinning these markets,” Crowell said.
The push for more transparency comes after gold prices have risen 55 per cent in 2025 and hit a record high of US$4,381 a troy ounce on October 20.
