Live gold price in UK today (GBP)

What is gold worth per ounce, gram and kilo in pounds?

UK dealers and jewellers quote in grams, while the wholesale market quotes in troy ounces. A troy ounce is 31.1035 grams, a little heavier than the everyday ounce you use in a kitchen. Bullion bars in Britain come in gram and kilo sizes as well as ounces, so it helps to see all three side by side. The pennyweight is an old jeweller's unit that some UK scrap buyers still use.

Values are for pure gold at the live spot price. Loading. See the gold price per gram in GBP and the gold price per kilo in GBP for more detail.

How much is 9ct, 18ct and 22ct gold worth in the UK?

Most gold that British people own is jewellery, and it is rarely pure. UK hallmarks show purity as parts per 1,000: 375 for 9ct, 585 for 14ct, 750 for 18ct and 916 for 22ct, with 990 and 999 for near-pure gold. Those six are the only gold standards UK assay offices hallmark, so 9ct (375) is the lowest. Any gold item over 1 gram sold in the UK as gold needs a hallmark from one of the four assay offices: London, Birmingham, Sheffield or Edinburgh (hallmarking guidance). The table multiplies the live price by each purity.

Melt value is the gold content only. A buyer will pay a share of it, and VAT, workmanship and design are not part of it. See how to read gold hallmarks.

What are Sovereigns, Britannias and gold bars worth?

The gold in a UK coin is worth the same as the gold in any other coin of equal weight. What differs is the premium you pay on top, and whether the coin is free of Capital Gains Tax. Sovereigns are 22ct, so a full Sovereign weighs 7.98 g but holds 7.3224 g of pure gold. Modern Britannias are 999.9 fine and hold a full troy ounce. The table shows what the gold content alone is worth right now.

Spot-based melt values, not dealer prices. Loading. Learn more about the Sovereign and the Britannia.

What will a UK dealer actually charge compared with spot?

The spot price is only the starting point. A dealer adds a premium to cover minting, insurance, stock and profit. We recorded single-coin prices on dealer sites on 10 October 2026, when spot was £3,171.03 an ounce. This is the GoldVetted price check, 10 October 2026, and our premium tracker keeps it up to date.

BullionByPost blocked our automated check on its product pages, so we do not publish a premium for it. Its category page showed a 1oz Britannia "from" £3,272 at the time.

How much will a UK dealer pay me back?

Selling is the other side of the gap. On the same evening, Hatton Garden Metals published these buy-back prices:

Buying a Britannia at 2.8% over spot and selling it at 3.3% under means the price has to rise by roughly 6% before you break even. That gap is called the dealer spread. Our UK dealer comparison shows who is cheapest overall.

If you want to compare current dealer prices yourself, Visit Chards showed the lowest 1oz Britannia premium in our check. Prices change through the day, so always confirm on the dealer's own page.

Does tax change the price I pay in the UK?

Yes, in two ways. There is no VAT on investment gold (HMRC Notice 701/21), so a bar or coin is priced close to spot, but gold jewellery includes 20% VAT, which is one reason a ring costs far more than its melt value.

Capital Gains Tax applies when you sell at a profit. HMRC treats Sovereigns minted from 1837 onwards and Britannias as sterling currency, which is exempt (CG78305). Gold bars and foreign coins such as Krugerrands are chargeable. For 2026 to 2027 the annual exempt amount is £3,000, and gains above it are taxed at 18% or 24% depending on your income. Details are in our UK gold tax guide. Gold held in an ISA or SIPP works differently, and those products can be regulated by the FCA; see gold in a SIPP or ISA.

Why does the gold price change during the day?

Gold trades almost around the clock, from Sydney through London to New York, so the price moves whenever buyers and sellers disagree. The main drivers are:

• Interest rates. Gold pays no interest. When savings and bonds pay more, gold looks less attractive, and the reverse is also true.
• The US dollar. Gold is priced in dollars, so a stronger dollar usually pushes it down.
• The pound. This is the UK twist. If sterling falls against the dollar, the gold price in pounds rises even if the dollar price stays still.
• Central bank buying. Governments that add gold to their reserves create steady demand.
• Fear. Wars, banking stress and inflation worries send investors towards gold.
• Jewellery and industry demand. This rises and falls with the seasons and with the price itself.

The market is usually shut from Friday evening to Sunday evening, so the price you see at the weekend is Friday's close. See the gold price history in GBP for longer trends.

What time is the gold price fixed in London?

London is the centre of the world's wholesale gold market, so UK readers get the benchmark on their own clock. What people still call "the London fix" is now the LBMA Gold Price, an electronic auction run by ICE Benchmark Administration. The auction is set in US dollars. The LBMA's price page also shows pounds and euros, which it describes as indicative prices for settlement (see the LBMA price page).

New York times convert from 6:00 p.m. to 5:00 p.m. US Eastern time on CME Globex and can shift by an hour for a few weeks a year when UK and US clocks change on different dates. Between auctions, our figure comes from a live spot feed. Our guide on how gold prices are set explains more.

How should I use the price when buying or selling?

1. Check the live spot price above, then work out the gold value of the item with the gold value calculator.
2. Divide the dealer's price by that value and take away one. That is the premium.
3. Compare premiums across dealers, and include delivery and payment fees.
4. When selling, ask for the buy-back price as a percentage of spot before you hand anything over.

This page is information, not advice, and gold can fall as well as rise. For the full buying process, start with our guide to buying gold.

Not financial advice. GoldVetted provides general information to help you compare options. It is not personal financial, tax or legal advice. Gold prices go down as well as up, and you may get back less than you pay. Check tax rules with the official source or a qualified adviser before you act.