What does LAM - mean on gold?

LAM on gold typically refers to "London Good Delivery" standards, which are the specifications for gold bars that are accepted for trading on the London bullion market. These standards ensure that the gold bars meet specific criteria for weight, purity, and dimensions, allowing them to be easily traded and recognized by market participants. In some contexts, LAM may also refer to a specific assay or certification related to the quality of the gold.