Precious metals price

The London Metal Exchange provides the global forum for all who wish to manage the risk of future price movements in non-ferrous metals and plastics. Material traded on the LME, which meets rigorous quality standards, is deposited in approved warehouses around the world. The prices published on the LME are considered to be a true representation of supply and demand by the commercial and industrial sector worldwide.

Precious metals are generally referred to as those metals that are found in nature in their free state, i.e. they are not combined with other elements to form compounds.

Gold Price

Gold is a chemical element with atomic number 79, which is located in group 11 of the periodic table. It is a soft, yellow, precious metal. Its symbol is Au (from the Latin aurum, 'bright dawn').

Gold is one of the metals traditionally used to mint coins; it is used in jewelry, industry, and electronics because of its resistance to corrosion.

World gold production in 2014 totaled 2860 metric tonnes of fine gold. The leading producer country was China, followed by Australia and Russia.

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Silver Price

Silver is a chemical element with atomic number 47 and is located in group 11 of the periodic table of the elements. Its symbol is Ag (from the Latin: argentum, "white" or "shiny"). It is a white, shiny, soft, ductile, malleable transition metal. It is found in nature as part of various minerals (usually in sulphide form) or as free silver. It is very common in nature, accounting for one part in 5 thousand of the earth's crust. Most of its production is obtained as a by-product of the processing of copper, zinc, lead and gold mines.

World silver production during 2011 totalled 23,800 metric tonnes. The main silver producing countries are Mexico and Peru which alone account for 1/3 of world silver production.