Good Delivery

LBMA sets the stringent criteria that enable the global trade in gold and silver bars. It is the de facto standard trusted around the world.

  • View Transcript

    Neil Harby:
    Good Delivery is a system that enables the global trade of gold and silver bars.

    We set and maintain the standards that control the quality in the market.

    It’s the de facto standard, trusted around the world.

    Good Delivery Lists are lists of gold and silver refiners who are accredited by the LBMA to supply gold and silver bars into the London market.

    Refineries must produce bars which satisfy high standards in terms of purity, quality and physical appearance. They must produce at least 10 tonnes of refined gold or 50 tonnes of refined silver. And they must have a tangible net worth of at least 15 million pounds.

    The LBMA believes that the long-term viability of a refiner is just as important as the Rules.

    The lists are regularly monitored to ensure that the stringent standards are maintained.

    If a refiner fails to meet the standards, they will be removed from the Lists, which will have serious implications both reputationally and financially.

In 1750 the Bank of England set up the London Good Delivery List for gold which formally recognised those refineries which produced gold bars to the required standard. Today, LBMA own and manage the Good Delivery Lists for both gold (and silver).

Good Delivery
Explained

Find out more about the globally recognised standard for acceptable gold and silver bars.

Read More

Good Delivery
Rules

GD gold and silver bar specifications. GDL Application Process. Other procedures.

Read More

Good Delivery
List

Search for an accredited refiner.

Read More

Responsible
Sourcing

Guidance for refiners on implementation and compliance.

Read More

Reference
Materials

LBMA sell Certified Reference Materials to calibrate assaying equipment.

Read More

Proactive
Monitoring

Three-yearly compulsory monitoring of bar quality for GD refiners.

Read More

Proficiency
Testing Scheme

Open to GDL and non-GDL refiners.

Read More

Visual
Guide

Secure image database resource for vaults.

Visit Site

FAQs

GDL FAQs page.

Read More