UK Gold Market Report - 23 October 2025
The UK gold market is poised for structural evolution with the planned introduction of gold futures trading by LBMA, which could improve liquidity and price transparency. Central bank demand and geopolitical risks are likely to continue supporting gold prices. However, currency fluctuations and potential monetary policy shifts remain key risks. Overall, the market trend shows recent slight downward correction but underlying fundamentals remain strong for gold as a safe haven and investment asset.
- Geopolitical tensions
- Unprecedented central bank gold buying
- Currency fluctuations affecting GBP valuation
- LBMA initiatives to introduce gold futures trading in UK physical market
Gold price in UK is currently £2,490.14 per ounce with a weekly decline of 0.56%.
Gold prices globally have surged past $4,000/oz in 2025, driven by geopolitical and inflation factors, with London as a major physical gold trading hub.
LBMA Chair Peter Zoellner is pushing to reintroduce gold futures trading in the UK to enhance transparency and price discovery, addressing a historical gap in the London market.
The UK gold market is poised for structural evolution with the planned introduction of gold futures trading by LBMA, which could improve liquidity and price transparency. Central bank demand and geopolitical risks are likely to continue supporting gold prices. However, currency fluctuations and potential monetary policy shifts remain key risks. Overall, the market trend shows recent slight downward correction but underlying fundamentals remain strong for gold as a safe haven and investment asset.
Quarter Sovereign
£224.60
at BullionByPost
Half Sovereign
£391.40
at BullionByPost
Gold Sovereign
£766.50
at BullionByPost