LBMA fixing for gold, silver, platinum and palladium over five years. Per troy ounce, per gram or per kilo, in your currency.
Historical LBMA fixing prices. Select a metal, time range and unit to explore trends.
A metal price is not a purchase price. Three gaps separate the figure quoted in London from the amount you pay your supplier, and each one is measured in percent.
The LBMA fixing is quoted per troy ounce, which is 31.1035 grams. The commercial ounce is 28.35. Dividing by the wrong one puts you almost 10% out on every gram, in the direction that costs money.
The fixing quotes metal at 999.9 parts per thousand. An 18-carat gold is 750: its fine content is therefore worth only 75% of the price. The remaining quarter is the other metals in the alloy, which have their own prices — significant in palladium white gold, negligible in copper.
Between the fixing and the invoice come the supplier premium, the delivered form (grain, sheet, drawn wire), the quantity, and the EUR/USD rate since the fixing is quoted in dollars. That is exactly why the material cost calculator accepts your own price per gram: the fixing is a reference, not your price.
On the fixing, the units, and getting to a real price.
The LBMA fixing takes place twice a day in London, at 10:30 and 15:00 local time. The values shown here are those of the last published fixing: a daily reference, not a live feed.
The reference market for precious metals is quoted in dollars per troy ounce. The price in euros therefore depends on two things that move independently: the metal itself and the EUR/USD rate. A price flat in dollars can rise in euros without a gram of gold changing value.
Multiply the price per gram by the fineness: an 18-carat gold contains 750 parts per thousand of fine gold. Then add the other alloy metals in proportion. The material cost calculator does both, using the alloys common in jewellery.
As a reference and as an argument, yes. As a purchase price, no: your supplier applies its premium and its charges. A quote is built on your real price, the one on your last invoice — that is what the calculator’s free-entry field is for.
Because its demand is industrial before it is decorative: most of it goes into catalytic converters. Its price follows the car industry more than jewellery, which makes it markedly more volatile than gold — visible across five years of history.
Liink connects jewellery brands with their workshops: orders, production tracking, weight accounts and the statutory register.