What is today's gold price in the UK?
Price as of 4 Mar 2026, 08:15 · Updated daily at 9am from LBMA market data
Gold Price Per Gram, Ounce & Kilo — All Purities
Full UK gold price table for every common purity. Prices are based on today's LBMA spot rate of £124.05 per gram (24ct).
| Purity | Fineness | Per Gram | Per Troy Oz (31.1g) | Per Kilo |
|---|---|---|---|---|
| 24ct Gold | 999 | £124.05 | £3,858.39 | £124,050 |
| 22ct Gold | 916 | £113.63 | £3,534.29 | £113,630 |
| 18ct Gold | 750 | £93.04 | £2,893.87 | £93,040 |
| 14ct Gold | 585 | £72.57 | £2,257.18 | £72,570 |
| 9ct Gold | 375 | £46.52 | £1,446.93 | £46,520 |
Scrap Gold Prices Per Gram Today
What UK dealers typically pay for scrap gold. Actual offers vary — always get 3+ quotes. Use our gold calculator for a personalised estimate.
| Purity | Spot Value | Dealer Pays ~70% | Dealer Pays ~80% | Dealer Pays ~90% |
|---|---|---|---|---|
| 24ct | £124.05 | £86.84 | £99.24 | £111.65 |
| 22ct | £113.63 | £79.54 | £90.90 | £102.27 |
| 18ct | £93.04 | £65.13 | £74.43 | £83.74 |
| 14ct | £72.57 | £50.80 | £58.06 | £65.31 |
| 9ct | £46.52 | £32.56 | £37.22 | £41.87 |
Best scrap gold dealers pay 85-95% of spot. Postal services like Hatton Garden Metals often beat high-street rates. See our full scrap gold prices guide.
UK Gold Price by Purity
- •24ct (999 fineness): £124.05 per gram
- •22ct (916 fineness): £113.63 per gram
- •18ct (750 fineness): £93.04 per gram
- •14ct (585 fineness): £72.57 per gram
- •9ct (375 fineness): £46.52 per gram
How UK Gold Prices Work
- •LBMA sets the official London gold fix twice daily
- •Prices quoted in USD, converted to GBP
- •Spot price = immediate delivery market rate
- •Scrap price = 70-90% of spot (dealer margin)
- •Retail price = spot + 5-10% dealer premium
How has the gold price changed over time?
Track the gold price in GBP over the past year with this interactive chart. Switch between timeframes to see short-term movements or long-term trends going back 20 years.
Interactive chart provided by BullionVault
Where can I check gold prices in the UK?
London Gold Exchange prices are updated daily at 9am from LBMA market data. Here are other trusted sources where you can verify and compare UK gold prices:
LBMA Gold Price
The official London gold fixing price, set twice daily by major banks
Best for: Spot price benchmarks
Check LBMA Prices →Bank of England
Official UK gold reserves and historical price data
Best for: Historical trends and analysis
View BoE Data →Kitco UK
International gold prices converted to GBP with live charts
Best for: Real-time price charts
View Live Charts →The Royal Mint
UK's official mint - retail prices for gold coins and bars
Best for: Buying new gold products
View Royal Mint Prices →Hatton Garden Metals
London's jewellery quarter - scrap gold and jewellery prices
Best for: Scrap gold valuations
See Current Rates →BullionVault
Professional trading platform with live buy/sell spreads
Best for: Investment gold prices
View Trading Prices →Gold.co.uk
Compare prices from multiple UK dealers in one place
Best for: Dealer price comparison
Compare Prices →Which? Money
Independent consumer advice on gold investing and prices
Best for: Unbiased guidance
Read Which? Guide →MoneySavingExpert
Martin Lewis's guide to selling gold at the best prices
Best for: Selling tips and tricks
Read MSE Guide →LBMA Gold Price App
Official mobile app for real-time LBMA gold prices
Available on: iOS and Android
Search "LBMA Gold Price" in app storesHMRC Gold VAT Rules
Official UK tax guidance on gold trading and VAT exemptions
Best for: Tax compliance
View HMRC Guidance →UK Hallmarking
Verify gold purity with official UK hallmark standards
Best for: Verifying gold authenticity
Check Hallmark Guide →Why We Share These Resources
We believe in transparency and helping you make informed decisions. While our calculator provides instant valuations based on live market data, comparing prices across multiple sources ensures you get the best deal when buying or selling gold in the UK.
How are UK gold prices determined?
Your complete guide to gold valuation, market factors, and purity standards
UK gold prices are influenced by multiple global and local factors:
Exchange Rates
USD/GBP fluctuations directly impact UK prices
LBMA Fixing
Twice-daily benchmark sets UK trading prices
Economic Uncertainty
Inflation & instability increase gold demand
Different prices for different purposes:
Market price for immediate delivery
What dealers pay for your gold
Buying new coins/bars includes premium
UK hallmark standards and value:
Pro tip: Higher purity means closer to spot price value. Learn more about gold purity →
Quick Reference
Best Selling Time
When spot price is high & GBP is strong
VAT on Gold
Investment gold is VAT exempt in UK
Capital Gains
UK coins (Sovereigns, Britannias) are CGT free
Why are gold prices rising in 2026?
What economic factors drive gold prices?
- • Inflation hedge demand increasing
- • Central bank gold purchases at record highs
- • Currency devaluation concerns
- • Economic uncertainty driving safe-haven demand
What market dynamics affect gold supply?
- • Supply constraints in major mining regions
- • Increased investment demand
- • Geopolitical tensions boosting demand
- • ETF inflows reaching new highs
2026 Gold Market Key Facts
- •Gold hit record highs in Q1 2026 above £3,858/oz
- •Central banks purchased 1,200+ tonnes in 2025
- •UK inflation remained above BoE target, driving demand
- •Global gold ETF holdings at 5-year highs
- •Mining output growth slowed to under 1% annually
Summary: UK Gold Prices
Gold Price Alerts
Get notified when the gold price hits your target. Current price: £124.05/g
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