Gold Market

Gold is trading in Four World Major Markets 24 hours round the clock.

Hong Kong Gold Market (Local Time)

9:00 am - 12:30 pm (Mon - Fri)
2:30 pm - 5:00 pm (Mon - Fri)


Sydney Gold Market (Local Time)

9:30 am -3:00 pm


Zurich Gold Market (Local Time)

8:00 am - 5:00 pm


London Gold Market (Local Time)

8:30am - 4:00 pm
Fixing : 10:30 am & 3:00 pm


New York Gold Market (Local Time)

8:20 am - 1:30 pm


New York Access Market (Local Time)

3:15 pm - 8:00 am (Mon - Thu)
7:00 pm - 8:00 am (Sunday)

The Loco-London Precious Metals Market

The most important OTC markets for gold and silver are the "Loco London" markets in which the two metals are traded for delivery in London. These markets operate under the auspices of the London Bullion Market Association (LBMA), but are not exchanges. Full membership of the LBMA is restricted to bullion dealers with offices in London.

Loco London trading was originally the preserve of London bullion houses alone, but today Loco London gold and silver are freely traded by dealers in many other centres. In Asia, the main centres fromwhich professional dealers quote Loco-London gold and silver prices are Hong Kong, Tokyo, Sydney and Singapore; in Europe, apart from London, dealers trade principally from Zurich and Frankfurt, while in the United States, New York predominates.

In all centres, prices are mainly quoted and traded against the U.S. dollar. Settlement of the U.S. dollar countervalue of deals done is generally made in New York, separately from the delivery of the gold and silver in London. Notwithstanding that the loco London gold market is a spot market, settlement can be deferred by making special credit facilities available to clients. These facilities normally involve the lending of gold and dollars, initial margins and variation margins, similar to the practice for gold futures trading. The development of this mechanism led to the formation of a secondary deferred settlement market, as distinct from an inter-bank spot market, in which traders, manufacturers and producers in the world take part. The Loco London Market can serve various purposes including hedging, investment and speculation.

As is typical with OTC markets there is no physical trading floor. Deals are transacted on a principal-to-principal basis between dealers who have established bilateral credit limits for trading with each other. Unlike organised exchanges there are no specified contract sizes nor formal rule books but trading and settlement are completed in accordance with well-established usage. Business is mainly conducted by telephone or through electronic dealing systems established to serve professional dealers. In either case, direct contact must be made on a bilateral basis. This means that it is difficult for investors to have real time access to the most favorable prices.

In fact, starting from the early of 2002, spot gold price has surged by more than 19% to $331.00 a troy ounce! The bullion metal broke $300 resistance level on 28 March with the support of producers’ reduction in gold hedging, weaker dollar and equities markets and geographical political tension.

To seize on the opportunity of taking profit from gold’s rally, investors can participate in the precious metal market through Starling Gold Asset (Precious Metal) Limited is precious metal online trading system. Starling Gold Asset (Precious Metal) Limited provides