All transactions less than 100ozt pure gold and 5000ozt pure silver are priced using the London Fixings.
The London Fixings or London Fix, provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The London Fix is conducted in United States dollars (USD), Pound Sterling (GBP), and the Euro (EUR) daily, at 10:30AM and 3:00PM, London time, which is 6:30AM and 11:00AM Eastern time. The London Afternoon Fix (LAF) is the recognized rate used for transactions in precious metal in North America.
London Fix Gold
London Fix Silver
London Fix Platinum
London Fix Palladium