Generated from the day's market reporting and GoldPrice.Live's own price data, under Rick Adams' editorial guidelines. Sources are linked. Not investment advice.
As at the end of September 2026, London vaults held 9,821 tonnes of gold, a 1.96% increase on the previous month, and 28,985 tonnes of silver, up 1.95%. The gold was valued at $1.3 trillion and equates to roughly 785,690 standard bars; the silver was valued at $56.6 billion, about 966,175 bars.
The totals were published on the fifth business day of the month for the previous month, following a recent decision to begin releasing equivalent silver figures. The release is intended to give market participants clearer and timelier sight of how much metal is sitting in London.
The headline numbers are straightforward: 9,821 tonnes of gold and 28,985 tonnes of silver as of end-September. The month-on-month moves were small but notable, a near 2% rise for each metal. The published values and bar equivalents were supplied alongside the tonnage, giving both a market-value and physical-bar perspective.
London remains a central hub for the over-the-counter bullion market, and monthly vault totals help show whether the city can physically underpin trading and settlement. Regular, timely publication makes it easier for desks and allocators to gauge available inventory and to compare paper positions with stored metal.
The published totals improve transparency, but they are aggregate figures. They don’t identify owners, timing of arrivals, or internal transfers between vaults. The data is useful as a stock snapshot, not a complete map of flows or counterparty exposure. Readers should treat the figures as a clearer view of inventories in London, rather than a full accounting of the global physical market.
Source: Lbma
