GOLDBOD Introduces new LBMA-based gold pricing regime
The Ghana Gold Board (GOLDBOD) has commenced the implementation of a new gold pricing regime based on the London Bullion Market Association (LBMA) AM and PM pricing windows, effective today, July 1, 2026.
The new system introduces two official purchase prices each trading day, aligned with the LBMA’s morning and afternoon pricing windows, in a move aimed at enhancing transparency, efficiency, and alignment with international gold market standards.
Under the new arrangement, the AM pricing window will run from 9:30 a.m. to 2:20 PM, while the PM pricing window will cover the period from 2:30 PM to 9:20 AM the following day.
To ensure that transactions correspond with the appropriate pricing period, GOLDBODhas also established mandatory booking windows for all gold purchases. The AM booking window will operate from 9:30 AM to 2:20 PM, while the PM booking window will be open from 2:30 PM to 8:30 PM and again from 6:00 AM to 9:20 AM the following day.
The board has introduced brief trading suspension periods to facilitate the transition between the two pricing windows. Trading and booking will be suspended daily from 2:21 PM to 2:29 PM and from 9:21 AM to 9:29 AM No bookings will be accepted during these intervals, with trading resuming immediately after each suspension period.
GOLDBOD emphasised that all licensed gold buyers must book every purchase in real time and strictly within the applicable booking window. Any transaction submitted outside the designated booking periods or during the suspension windows will be rejected and automatically assigned to the next applicable pricing window.
The board urged all licensed gold buyers to adjust their trading operations to comply fully with the new pricing and booking timelines.
GOLDBOD said stakeholders seeking further information or clarification should contact the Board through its official communication channels.
The statement was issued by the Compliance Directorate of the Ghana Gold Board.
