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LONDON, Oct 12: Gold clearing volumes rose just over 15 per cent to a daily average of 17.5 million ounces in September, the highest level for that month since 2001 and the second-highest for the current year, the London Bullion Market Association (LBMA) said on Wednesday.
Based on an average fixing of $456.05 an ounce, up $18 from August, the LBMA said value rose to a daily average of $8.0 billion from $6.7 billion in August. The number of transfers surged 21.4 per cent to an average of 965 a day, the highest since October 1999.—Reuters
