According to the London Bullion Market Association July 21 (Bloomberg), Gold trading in London fell in June as average daily volumes fell 16 percent. Silver trading dropped 19 percent.

An average of 20.8 million ounces of gold traded daily, down from 24.7 million in May, the LBMA said today in an e- mailed statement. Silver turnover fell to a daily average of 85 million ounces, from 104.3 million ounces.

Gold prices climbed 2.1 percent in June in London to $1,242.25 an ounce, a third monthly increase. The metal reached a record $1,265.30 on June 21. Silver added 0.3 percent last month to $18.615 an ounce.