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GUIDES

London gold vs COMEX

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Searches for a London gold price often treat spot, the London benchmark and New York futures as one number. This site’s international page mainly tracks COMEX gold futures (GC) in USD per troy ounce, or a labeled public spot fallback when the futures source is limited. That is not the LBMA Gold Price and not a London dealer’s executable board. This page explains the difference only — we do not republish or invent a fixing or a shop price.

What “London gold” usually means

In everyday use, London gold often just means “the international USD gold price,” not one official print. The benchmark often cited is the LBMA Gold Price, which replaced the older London Gold Fix: an auction in USD per troy ounce on London business days, typically once in the morning and once in the afternoon. It is a benchmark, not a jewelry-counter trade price.

London OTC spot and COMEX futures are related markets with different venues, contracts and timestamps. Futures can diverge from spot because of the roll and the basis. This site does not collapse those names into one executable board, and it does not fill in a missing fix.

What the international and global pages show

The international page leads with COMEX GC in USD per troy ounce, plus silver, platinum and palladium. A limited futures feed may switch to a labeled public spot reference. That fallback is not “today’s London fix copied in.” When the market is closed or late, the page keeps the last valid print and does not invent a price. Session status is in the open-vs-after-hours guide; the contract itself is in the COMEX guide.

The London row on the global page multiplies that same USD/oz reference by GBP (or EUR or USD if sterling is unavailable). The unit is often GBP per ounce. It is a currency comparison, not the LBMA fix and not a London exchange settlement. The New York row is the same kind of conversion, not a second dealer board.

Why it is not a Taiwan jewelry or passbook price

Taiwan’s theoretical qian still multiplies Bank of Taiwan USD spot-sell, then converts with 1 qian = 3.75 g. FX can move the TWD figure while COMEX is flat. See the BOT vs COMEX guide and the Taiwan qian guide. Do not copy a USD print straight into TWD.

Jewelry adds making charges and a shop spread. A Bank of Taiwan gold passbook is the bank’s own gram bid and offer. Neither is a London fix, and neither is this site’s theoretical qian. Confirm any trade with the shop or the bank. This page is not investment advice and does not emit Product or Offer data.

HOW TO

How to match a London-gold search to this site

Line up a London-gold search with this site’s COMEX reference, the GBP conversion and Taiwan theory — without mixing a fix, futures and a shop board.

  1. Read the unit and source on the international pageConfirm USD per troy ounce, and whether the page says COMEX futures or a public spot fallback. Do not read it as an LBMA fix or a tradable London board.
  2. For sterling per ounce, use the global London rowThat row is the same international reference times FX, not a fixing. If GBP is missing, the page switches to EUR or USD and says so — it does not invent a London price.
  3. For TWD per qian, use today’s gold priceThat figure is COMEX (or the labeled spot fallback) times Bank of Taiwan USD spot-sell. Do not treat USD per ounce as TWD.
  4. Check the session and statusPrints can sit still on a close, after hours or a delay. Use the session guide. A last-valid print is not a price you can trade right now.
  5. Look up jewelry or a passbook separatelyOrnaments, bars and a gold passbook each have their own spread and unit. Use those guides. Do not ask this site for an invented London board.

Gold price guides

Other explainers on the same topic, already on the guides hub. Methods and units only — not a shop, bank, or recycler trade price.

  1. What is COMEX gold?How to read USD/oz futures and relate them to jewelry quotes.
  2. Gold ETFs vs a gold passbookHow a fund NAV, a bank’s per-gram board and this site’s theory differ — no invented ETF NAVs.
  3. How to read global gold quotesOne reference restated in local currency and weight. HK, Taiwan and shi taels differ.

MARKET BRIEFS

Only briefs whose headline matches this guide — not the whole news index. Figures are for reference only, not a shop or bank board price.

  1. ICE starts gold futures in London market dominated by top banks
  2. London gold body’s legal fight exposes threat to bullion market

Related quote pages

COMEX gold priceGlobal quotes · London conversionWhat is COMEX?Open vs after hoursBOT vs COMEXToday’s gold priceMarket news · Gold prices

This page does not republish or invent a London fixing or a shop board. COMEX, spot fallbacks and GBP conversions are market references, not executable quotes and not investment advice. No Product/Offer.

London gold vs COMEX FAQ

Does this site publish a London gold fixing?

No. We do not republish or invent the LBMA Gold Price or the older London Gold Fix. The international page is a COMEX futures reference, or a labeled public spot fallback.

Is the London row on the global page London gold?

It is not a fixing. That row converts the same USD reference into GBP per ounce (or a fallback currency). It is a currency comparison, not a London dealer board.

Is the spot fallback London spot?

Do not treat them as the same. The fallback only means the futures source was limited, so a public spot reference is shown and labeled. It is not an LBMA print we obtained.

Why does it differ from jewelry and a gold passbook?

Units, FX and product spreads differ. Jewelry is often per Taiwan qian and includes making charges. A passbook is the bank’s gram board. Our theoretical qian excludes those spreads. Confirm in store or at the bank.