Key takeaways
- LBMA Good Delivery is a global professional-market standard for large gold and silver bars and approved refiners.
- Good Delivery covers bar specifications, quality assurance and refiner eligibility—not every retail product made by a listed refiner.
- LBMA Responsible Gold Guidance requires Good Delivery refiners to maintain risk-based supply-chain due diligence and independent assurance.
- A refiner appearing on a Good Delivery List supports market confidence, but buyers should still verify the specific product and documentation.
What is Good Delivery?
LBMA owns and manages the Good Delivery Lists for gold and silver. These lists identify refiners whose qualifying large wholesale bars can be accepted for settlement in the London market when they meet the applicable rules.
What the standard covers
- Fineness and fine metal content.
- Permitted bar weight and dimensions.
- Required bar markings and surface quality.
- Refiner quality assurance and ongoing monitoring.
- Compliance and responsible-sourcing expectations.
Responsible sourcing
LBMA’s Responsible Gold Guidance requires Good Delivery refiners to establish management systems, identify and assess supply-chain risk, respond to identified risk, obtain independent third-party assurance and report on due diligence.
The programme is intended to support responsible sourcing of mined and recycled precious metals and is aligned with recognised international due-diligence principles.
An important distinction for retail buyers
A refiner being on the LBMA Good Delivery List does not mean every small minted bar or retail product it produces is itself a “Good Delivery bar”. Good Delivery refers to specific qualifying wholesale bars and the refiner’s status within the programme.