What is the gold fix?

What is the gold fix?
How the London Gold fix is set.

To explain the London Gold Fix, it is important to understand the origin of the gold fix - London’s five largest bullion banks establish an agreed transaction price for large sale and purchase orders of gold. This agreed price is known as the London Gold Fix. This fixing system occurs twice each business day, once at around 10.30am – this is known as the Morning Fix, and then again at 3.30pm – this is known as the Afternoon Fix.

The Gold Fix is set in US dollars, and is then converted by the London Bullion Market Association into British Sterling and the Euro to create a worldwide balance in the trading platform.

At Hatton Garden Metals, we update our prices in accordance with the London Gold Fix, this means that the price we offer on gold, for both buying and selling, will fluctuate on a day to day basis. By updating our prices daily with the London Gold Fix you have the assurance that you will always be selling your gold as close to the market price as possible. If you chose to post your items into us, you will be paid based on the Gold Fix for the day that we receive your items.

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