Gold Just Fell From Its Record High — Should You Sell Now?
Gold hit a record in March 2026, then pulled back through June. If you're thinking of selling gold, here's an honest, specialist view — and today's UK prices per gram.
Gold has had a dramatic year. After hitting a record high in March 2026 it pulled back through the spring, and sellers everywhere are asking the same question: is now still a good time to sell gold, or should I wait? Here is an honest answer from a specialist who values gold every day.
Quick answer: sell now or wait?
Gold pulled back from its March record, but it is still historically very high. For most people selling gold jewellery, scrap or coins, prices remain excellent right now — a pullback from a record is not a crash.
If you need the money or the pieces hold no sentiment, today's level is a strong time to sell. If you can wait and are speculating on bullion, that's a different calculation. Check the live gold price and our gold price calculator for today's exact figures before you decide.
Prices below are based on a spot of roughly £3,026/oz. Always verify the live price on the day — see the note in the table.
What happened to the gold price
The move, in plain terms: gold ran to a record high in early March 2026, then gave back a chunk of that gain into June.
Peak-to-pullback move per ounce. Insert a live /live-gold-price chart before publishing — never an illustrated one.
Why did it fall? Nothing dramatic or structural — the usual mix after a record run: profit-taking by investors banking gains, a stronger dollar making gold pricier abroad, and shifting interest-rate expectations. Crucially, even after the pullback gold sits far above where it was a year or two ago, so a seller today is still selling into a historically strong market.
Is it still a good time to sell gold?
Honestly? For most sellers, yes. We would rather tell you the truth than push a sale: a pullback from an all-time high still leaves prices excellent by any historical standard. The people who benefit most from selling now are those with scrap, broken or unworn gold, inherited pieces they won't keep, or coins bought years ago — all of which are worth far more today than for most of the last decade.
Who might wait? Only those actively speculating on bullion who believe gold will make new highs, and who don't need the funds. If that's not you, the sentimental and practical case usually points to selling into today's strength. Start with sell your gold for how it works.
What your gold is worth today
Gold jewellery is valued on its pure gold content — the carat (9, 14, 18, 22 or 24) tells you the proportion of pure gold, and we pay on that. Based on a spot of about £3,026/oz, the approximate scrap value per gram works out as:
| Carat | Purity | Approx. £ per gram* |
|---|---|---|
| 9ct | 37.5% | £36 – £37 |
| 14ct | 58.5% | £56 – £57 |
| 18ct | 75.0% | £72 – £73 |
| 22ct | 91.6% | £89 – £90 |
| 24ct | 99.9% | £96 – £97 |
*Illustrative, based on ~£3,026/oz. Gold moves daily — check the live gold price and calculator for today's exact per-gram figure before selling.
Want to see the maths for a specific piece? Use our gold price calculator, compare carats in 9ct vs 18ct vs 24ct — which pays more, or read how much 1g of 9ct gold is worth. We also buy real gold jewellery and watches outright — a live cross-section of the kind of gold pieces we handle:
Sovereigns, Krugerrands and coins
Gold coins are among the easiest things to sell because their value is almost pure bullion. UK sovereigns and Britannias have the added advantage of being CGT-free legal tender. See sell gold sovereigns for current rates, or sell Krugerrands for the world's best-known bullion coin. Holding 22ct or Asian gold? Our selling 22ct / Asian gold guide covers the higher purity and the premium it commands.
Scrap, broken and inherited gold
You do not need pristine jewellery to sell. We buy scrap and broken gold — odd earrings, snapped chains, bent rings — at the same transparent per-gram rate; see scrap gold price per gram and sell broken or scrap gold jewellery. If you have inherited a collection, our selling inherited gold (probate guide) explains valuation for probate and how to sell sensitively. You can also just sell your gold jewellery directly.
How We Value and Pay
Transparent, tested and fast — no guesswork and no pressure:
- XRF tested — We verify the exact carat with non-destructive XRF analysis — no acid, no damage.
- Transparent per-gram — Weighed in front of you and priced against the live gold market on the day.
- Same-day payment — Agreed price paid the same day, by bank transfer or cash within limits.
- Free insured collection — Can't visit? Free insured postage or collection for larger lots, fully covered.
By appointment in Mayfair and Braintree — see sell gold in Braintree or where to sell gold in Essex. We also buy platinum.
Explore Further
Frequently Asked Questions
Selling gold in the UK, July 2026.
Should I sell gold now or wait?
For most sellers, now is still a strong time. Gold pulled back from its March 2026 record but remains historically very high, so scrap, inherited or unworn gold and old coins are worth far more than for most of the last decade. Only active bullion speculators who don't need the funds might choose to wait. Check the live price on the day.
How much is 9ct gold per gram today?
Based on a spot of around £3,026/oz, 9ct gold is roughly £36–£37 per gram. Gold moves daily, so use our live gold price and gold price calculator for today's exact figure before selling.
Do you buy scrap and broken gold?
Yes. We buy scrap, broken and odd pieces — snapped chains, single earrings, bent rings — at the same transparent per-gram rate as wearable jewellery, tested by XRF and paid the same day.
How do I sell gold sovereigns?
Sovereigns are quick to sell as near-pure bullion and, as UK legal tender, are free of Capital Gains Tax. See our sell gold sovereigns page for current rates, or bring them in for a live valuation.
Do I pay tax when I sell gold?
It depends. UK sovereigns and Britannias are CGT-free; other gold may be liable on any gain above your annual allowance. See our guide to tax on selling gold and how much gold you can sell without ID. This is general information, not tax advice.