As at end May 2025, the amount of gold held in London vaults was 8,598 tonnes (a 0.73% increase on previous month), valued at $906 billion, which equates to approximately 687,820 gold bars.

There were also 23,367 tonnes of silver (a 2.2% increase on previous month), valued at $18.5 billion, which equates to approximately 778,894 silver bars.

Both gold and silver stocks in London continue the upward trend.

These figures provide an important insight into London’s ability to underpin the physical OTC market.

The publication on the fifth business day of each month of the amount of gold the London vaults were holding at the end of the previous month follows the recent move to publish the equivalent data for silver. It represents a continued move towards greater transparency and timeliness.