Gold price per gram · GBP
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24ct fine gold · headline spot · updates while you view this page
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Indicative spot per gram by carat (same live feed)
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- 14ct—
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- 22ct—
- 24ct—
Live Gold Spot Price Per Gram in the UK
The figure at the very top is the live spot in British pounds. Below you will find an international price chart, spot vs scrap context, and indicative values by carat (metal content only — not dealer scrap payouts).
Live gold price chart (international benchmark)
Chart in US dollars (XAU/USD): this widget tracks the global wholesale benchmark most often quoted in USD. The UK sterling figures at the top convert that (or a direct GBP feed) using current exchange rates, so your GBP line can move when either gold or GBP/USD shifts. For spot reference in pounds, use the live snapshot above.
What is the gold spot price?
The spot price is the going wholesale rate for fine (pure) gold traded in bulk on international markets. It is quoted per troy ounce (31.1035 grams) and translates to per-gram and per-kilo equivalents for comparison.
Spot is not the same as the price you pay for a coin in a shop, or what a scrap buyer pays after refining and margin. Those prices sit above or below spot for clear commercial reasons — we explain the scrap side in the spot vs scrap section below.
Indicative gold value by purity (live spot)
| Karat | Purity | Price Per Gram | Price Per Ounce |
|---|---|---|---|
| Loading live gold prices… | |||
Each row is the spot-equivalent metal value for that purity: live fine-gold spot in GBP multiplied by the carat fraction. It is not a guaranteed scrap payout — dealers pay less after refining and margin. For today’s scrap buying rates, see our dedicated scrap gold page.
Spot price vs scrap gold price
Spot is the global benchmark for fine gold content — what you see at the top of this page in GBP per gram, ounce and kilo.
Scrap (dealer) payouts are what a buyer pays after accounting for assay, refining, inventory risk and margin. Offers vary by dealer and item; they are not the same as the spot table.
For what Mozeris pays today on scrap-style gold by carat, use our scrap gold price page. For selling jewellery or coins with extra value, see Sell your gold.
Related tools
Gold price per ounce in the UK
The troy ounce (31.1035 g) is the standard unit for international gold quotes. The UK sterling price combines the global level with the GBP/USD rate, so both gold and the pound move the number you see.
The LBMA runs reference gold fix sessions in London on business days; between those snapshots and overnight, prices continue to update on electronic markets (including COMEX, Tokyo and Shanghai).
| Unit | Equivalent |
|---|---|
| 1 troy ounce | 31.1035 grams (exact) |
| 1 kilogram | 32.1507 troy ounces (approx.) |
Planning to sell? See spot vs scrap, then compare scrap rates or sell your gold — this page stays focused on market data.
What Affects the Gold Price?
The price of gold is influenced by a complex interplay of global factors. Understanding these drivers can help you make informed decisions about when to buy or sell gold.
Inflation & Interest Rates
Gold is historically regarded as a hedge against inflation. When the purchasing power of fiat currencies erodes, investors turn to gold as a store of value. Conversely, when central banks raise interest rates, gold can become less attractive compared to interest-bearing assets.
Currency Strength
Since gold is priced in US dollars globally, the strength of the dollar and the pound directly impacts the UK gold price. A weakening pound sterling means gold becomes more expensive in GBP — which is why UK investors often see gold price increases even when the dollar-denominated price is stable.
Geopolitical uncertainty & safe-haven demand
Gold is often treated as a safe haven. Political stress, conflict and financial shocks can increase demand for assets perceived as stable, which has supported sharp gold moves during episodes such as the COVID-19 period, the war in Ukraine and other recent geopolitical tensions.
Central banks, bonds & real yields
Official-sector buying (or selling) can shift sentiment and liquidity. Government bond yields and real yields (interest rates adjusted for inflation) also matter: when real yields fall, non-yielding gold can become relatively more attractive, and the opposite when yields rise.
Supply & demand
Mine production, recycling, jewellery and industrial use, and central bank activity all feed into the physical balance of the market.
Investor sentiment
Flows into gold ETFs (exchange-traded funds), futures market positioning, and retail investor behaviour all influence short-term gold price movements. When stock markets fall sharply, gold often rises as capital flows into perceived safe havens.
Gold purity & karat guide
Karat (ct) and fineness describe how much of an item is fine gold. The figures below help you translate spot into metal content — useful for bullion maths and ballpark jewellery valuation.
Not sure of the karat? UK hallmarks often show fineness (375, 585, 750, 916, 999). For a professional opinion, request a gold valuation at our Mayfair or Braintree showrooms.
Gold price history & trends
Context, not trading advice: past levels change with sources and dates; use this as orientation alongside the live snapshot above.
Recent performance (sterling)
UK gold in GBP has seen strong multi-year gains as global spot rose and currency effects added volatility. Many investors watch the nominal high in pounds as well as the dollar benchmark.
Historical surges
- 1970s–80s: post–Bretton Woods and high inflation era — large repricing of gold in major currencies.
- 2008–2011: financial crisis and aftermath — strong safe-haven bid into the early 2010s peak.
- 2020s: policy rates, inflation debate and geopolitical shocks — renewed focus on gold as a diversifier.
Why gold still matters
Institutional reserves, ETF flows and persistent macro uncertainty keep gold on the radar even when day-to-day moves look quiet.
How to Sell Your Gold With Mozeris
FAQs — gold spot price & UK market
What is the gold spot price?
It is the wholesale benchmark for fine gold in bulk, usually quoted per troy ounce and translated to grams or kilos. Retail, coin and scrap prices differ because of margins, fabrication and refining.
Why is the UK gold price in GBP different from the dollar spot?
Global benchmarks are often in US dollars. Your sterling figure converts that level with GBP/USD, so both the dollar price of gold and the exchange rate move the UK number — which is why a dollar chart and a pound headline can diverge.
What is the LBMA gold fix?
The London Bullion Market Association runs reference pricing sessions on London business days. They provide widely used snapshot levels; outside those windows gold still trades electronically and spot keeps moving.
Why are coins and bars priced higher than spot?
Spot is metal content only. Minted products add minting, distribution and dealer margin (and sometimes tax or collectibility), so retail bullion usually carries a premium over spot.
How much is gold per gram in the UK today?
The live fine-gold (24ct) rate per gram is at the top of this page with ounce and kilo. Lower karats are a fixed purity fraction — see the indicative table for spot-equivalent values.
How is the gold price per troy ounce set?
It aggregates global supply and demand across major venues, futures and OTC trading, alongside LBMA reference pricing. One troy ounce equals 31.1035 grams.
What affects the gold price?
Inflation and rates, bond and real yields, central bank activity, dollar and sterling, geopolitical risk, mine supply, jewellery and industrial demand, ETF flows and broad risk appetite.
What is the difference between spot price and scrap dealer payouts?
Spot is the market benchmark for fine content. Scrap payouts include refining and margin — see our scrap gold price page for published buying rates.
How does the exchange rate affect UK gold prices?
With gold often traded in dollars, a weaker pound tends to raise the GBP price even if the dollar spot is flat, and a stronger pound can soften it.
How often does this page refresh?
We poll for a new quote on a timer while you keep the page open. If feeds fail, you may see the last successful price from cache with a clear label until live data returns.
What is 18ct gold worth compared to 24ct?
18ct is 75% fine gold, so its spot metal value per gram is about 75% of 24ct. The live table updates both.