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  1. Trading
  2. /London Fix

London Fix. Buy or sell at the fix.

Place gold and silver orders that fill at the published London Fix price, plus a fixed commission per ounce disclosed in advance. Then hold the position at live prices.

Open accountTalk to our team
Daily fixes · London time
Next fix--:--:-- 
  • Gold AM10:30Cut-off 09:45
  • Silver12:00Cut-off 11:15
  • Gold PM15:00Cut-off 14:15
Orders must reach us 45 minutes before each fix.
Schedule and commissions

Times, cut-offs and costs.

Times, cut-offs and costs.
Fix time (London time)Order cut-off (London time)Commission per ounce
Gold AM10:3009:45Buy $0.30 · Sell $0.20
Silver12:0011:15$0.015
Gold PM15:0014:15Buy $0.30 · Sell $0.20

All times are London time (GMT in winter, BST in summer). Orders must reach us by the cut-off, 45 minutes before each fix. Commissions are per ounce and communicated in advance. There is no re-pricing after the fix.

How it works

From order to fill.

  1. 1

    Place your order

    Through the agreed channel and before the cut-off, choose the fix and the quantity.

  2. 2

    Filled at the fix

    Your order fills at that session's published London Fix price, plus the disclosed commission.

  3. 3

    Hold or close

    After the fix your position moves with the live market. Each fill is documented with the benchmark price and time.

Who uses it

Built for physical-metal businesses.

Refiners and jewellers

Price gold and silver inventory against the daily benchmark your contracts reference.

Producers

Hedge future output at a fixed, verifiable benchmark price.

Institutions

Adjust metal exposure at the official benchmark.

Corporate treasuries

Settle metal-priced contracts at a transparent, auditable price.

FAQ

London Fix questions.

Which fixes can I trade?

Gold at the AM fix (10:30) and the PM fix (15:00), and silver at the daily fix (12:00), all London time.

What price will I get?

The published London Fix price for the session and metal you chose. Every fill is documented against the official benchmark price and execution time.

What does it cost?

A fixed commission per ounce, communicated in advance: gold $0.30 per ounce to buy and $0.20 per ounce to sell, silver $0.015 per ounce. There is no re-pricing after the fix.

When must I place my order?

At least 45 minutes before the fix: by 09:45 for Gold AM, 11:15 for silver and 14:15 for Gold PM, London time.

Can I close the position later?

Yes. After the fix the position moves with the live market, and you can hold, hedge or close it like any other trade on your account.

Price your metal at the fix.

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