UK Gold Market Report - 03 December 2025
The gold market in the UK is currently experiencing a slight downward correction after recent highs, but underlying demand from central banks and expectations of monetary easing suggest potential for renewed upward momentum. Currency weakness in GBP against USD could further support gold prices in GBP terms. Market tightness in physical metals and ongoing economic uncertainty favor gold as a safe haven.
- Physical gold demand from central banks (Reserve Bank of India, People's Bank of China) increasing
- Expectation of major Federal Reserve rate cut
- US Dollar Index near two-week lows supporting gold buying
- Structural shortages and physical premiums in precious metals markets
- Economic uncertainty driving safe-haven demand
Current UK gold spot price is approximately £2,490.14 per ounce with a weekly decline of 0.56%.
LBMA Gold Price is the key benchmark for London and global gold markets, administered by ICE Benchmark Administration with strict governance and participant oversight.
Physical gold prices globally are around $4,200 per ounce, with London afternoon fix at $4,238.85 on Dec 1, 2025.
The gold market in the UK is currently experiencing a slight downward correction after recent highs, but underlying demand from central banks and expectations of monetary easing suggest potential for renewed upward momentum. Currency weakness in GBP against USD could further support gold prices in GBP terms. Market tightness in physical metals and ongoing economic uncertainty favor gold as a safe haven.
Half Sovereign
£401.80
at BullionByPost
Gold Sovereign
£792.80
at BullionByPost
Double Sovereign
£1604.00
at BullionByPost