Gold rate today UK: what is the gold price per gram?
Price as of 18 Oct 2026, 16:14 · Spot price, updated twice daily after the LBMA's 10:30am and 3pm London prices
Latest LBMA gold prices: AM £3,139.09 · PM £3,144.57 per troy ounce
Gold Price Per Gram, Ounce & Kilo — All Purities
Full UK gold price table for every common purity. Prices are based on today's London spot price of £100.49 per gram (24ct).
| Purity | Fineness | Per Gram | Per Troy Oz (31.1g) | Per Kilo |
|---|---|---|---|---|
| 24ct Gold | 999 | £100.49 | £3,125.59 | £100,490 |
| 22ct Gold | 916 | £92.05 | £2,863.08 | £92,050 |
| 18ct Gold | 750 | £75.37 | £2,344.27 | £75,370 |
| 14ct Gold | 585 | £58.79 | £1,828.57 | £58,790 |
| 9ct Gold | 375 | £37.68 | £1,171.98 | £37,680 |
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 | £100.49 | £70.34 | £80.39 | £90.44 |
| 22ct | £92.05 | £64.43 | £73.64 | £82.85 |
| 18ct | £75.37 | £52.76 | £60.30 | £67.83 |
| 14ct | £58.79 | £41.15 | £47.03 | £52.91 |
| 9ct | £37.68 | £26.38 | £30.14 | £33.91 |
Best scrap gold dealers pay 84-90% of spot. Postal services like Hatton Garden Metals often beat high-street rates. See our full scrap gold prices guide.
Gold Price Alerts
Get notified when the gold price hits your target. Current price: £100.49/g
UK Gold Price by Purity
- •24ct (999 fineness): £100.49 per gram
- •22ct (916 fineness): £92.05 per gram
- •18ct (750 fineness): £75.37 per gram
- •14ct (585 fineness): £58.79 per gram
- •9ct (375 fineness): £37.68 per gram
How UK Gold Prices Work
- •LBMA Gold Price (the London benchmark) set twice daily in an ICE Benchmark Administration auction
- •Prices quoted in USD, converted to GBP
- •Spot price = immediate delivery market rate
- •Scrap price = 70-90% of spot (dealer margin)
- •Retail price = spot + a dealer premium, typically a few per cent, more for small items
Live gold rate by carat
The gold rate per gram depends on purity. Tap a carat for its live rate — including the 22 carat (916) gold rate used for Asian gold and sovereigns.
Gold Weight Conversion: Grams to Troy Ounces
Understanding the difference between grams and troy ounces is essential when buying or selling gold.
31.1035g
= 1 Troy Ounce
A troy ounce is the standard unit for measuring precious metals. It's approximately 10% heavier than a regular ounce (28.35g).
£3,125.53
24ct gold per troy oz
This equals £100.49 per gram (£3,125.53 ÷ 31.1035g).
1 gram
= 0.0322 troy oz
10 grams
= 0.322 troy oz
1 troy oz
= 31.1035 grams
1 kilogram
= 32.15 troy oz
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.
Loading interactive chart…
Interactive chart provided by BullionVault
Where can I check gold prices in the UK?
London Gold Exchange shows the London spot price, updated twice daily after the LBMA's 10:30am and 3pm prices. Here are other trusted sources where you can verify and compare UK gold prices:
LBMA Gold Price
The London benchmark, set twice daily in an electronic auction run by ICE Benchmark Administration for the LBMA (it replaced the London gold fixing in 2015)
Best for: Spot price benchmarks
Check LBMA Prices →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 →Affiliate linkGold.co.uk
View live and historical gold prices by currency and weight
Best for: Gold price charts
View Gold Price Chart →Which? Money
Independent consumer advice on gold investing and prices
Best for: Unbiased guidance
Read Which? Guide →MoneySavingExpert
MoneySavingExpert's guide to selling gold at the best prices
Best for: Selling tips and tricks
Read MSE Guide →LBMA Precious Metal Prices
The LBMA's published benchmark prices for gold, silver, platinum and palladium
Best for: Silver, platinum and palladium benchmarks alongside gold
View LBMA Prices →HMRC 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 Gold Price
Twice-daily benchmark used as the reference price
Economic Uncertainty
Inflation & instability increase gold demand
Different prices for different purposes:
Market price for immediate delivery
What dealers pay for your gold
New coins and bars carry a dealer premium: typically a few per cent above spot, more for small items
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 the dollar price is high and the pound is weak
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
- • Heavy central bank buying (863 tonnes in 2025)
- • Currency devaluation concerns
- • Economic uncertainty driving safe-haven demand
What market dynamics affect gold supply?
- • Central banks absorbed nearly a quarter of 2025 mine supply (863 t of a record 3,672 t, World Gold Council)
- • Increased investment demand
- • Geopolitical tensions boosting demand
- • ETF inflows reaching new highs
2026 Gold Market Key Facts
- •Gold set its sterling record of £3,964 per ounce on 2 March 2026, then fell back to around £3,126/oz
- •Central banks bought 863 tonnes of gold in 2025 (World Gold Council)
- •UK CPI was 3.1% in August 2026, above the Bank of England's 2% target
- •Global gold ETF holdings at a record (over 4,100 tonnes, World Gold Council)
- •Mine production grew about 1% in 2025 to a record 3,672 tonnes (World Gold Council)
Summary: UK Gold Prices
About the Author
Founder & Market Researcher
Taro has been actively investing in precious metals and financial markets for over 15 years. Frustrated by the lack of transparent, accurate gold pricing information in the UK, he built London Gold Exchange as a data-driven resource for fellow investors. The site combines real-time market data, verified dealer information from 190+ UK businesses, and insights drawn from years of hands-on experience in the gold market.
- ✓15+ years investing in precious metals & equities
- ✓Built verified database of 190+ UK gold dealers
- ✓Daily market data analysis and price tracking
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