Gold Price Benchmark and Royalty Rates

3. A quick overview of the London Bullion Market Association (LBMA) Gold Price benchmark and Indonesia's Gold Royalty rates

The London Bullion Market Association (LBMA) Gold Price functions as the global benchmark for gold, with its value determined twice daily in US dollars per troy ounce. This established price serves as a reference point for gold transactions conducted worldwide, utilized by various stakeholders including miners, refiners, and traders for the valuation of gold bullion and related products.

The Indonesian gold market is progressively integrating LBMA standards, as evidenced by a growing number of local refiners successfully obtaining LBMA accreditation. Indonesia also applies a gold royalty rate that varies depending on this benchmark price of gold.