UK Gold Market Report - 27 October 2025
The UK gold market outlook remains strongly bullish with forecasts projecting continued price appreciation into 2026 and beyond, driven by persistent central bank demand, inflation hedging needs, and geopolitical risks. Short-term volatility is expected but will be balanced by dip buying and sustained physical demand.
- Central bank buying surge post-2022 sanctions
- Retail investor demand surge
- Geopolitical tensions and economic uncertainty
- Currency fluctuations affecting GBP gold price
- Long-term inflation hedge and monetary expansion concerns
Gold price in the UK reached a record high of £3,261.46 per ounce on October 20, 2025.
The average gold price in the UK for 2025 was £2,484.97 per ounce, marking a 47.44% increase year-to-date.
LBMA Gold Price remains a key benchmark, administered by ICE Benchmark Administration with strong governance and multiple major bank participants.
The UK gold market outlook remains strongly bullish with forecasts projecting continued price appreciation into 2026 and beyond, driven by persistent central bank demand, inflation hedging needs, and geopolitical risks. Short-term volatility is expected but will be balanced by dip buying and sustained physical demand.
Quarter Sovereign
£223.80
at BullionByPost
Half Sovereign
£389.80
at BullionByPost
Gold Sovereign
£763.40
at BullionByPost