Gold Market Report
United Kingdom Gold Market Report
Independently researched coverage of the United Kingdom gold market, last verified Aug 30, 2026. 24K gold is currently £105.73 per gram.
See the live gold price page for United Kingdom →Research coverage
4 of 4 research sections published for United Kingdom.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in GBP.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | £105.73 | £3,288.49 | £1,233.19 | £105,727.55 |
| 22 karat (916.7) | £96.93 | £3,014.86 | £1,130.57 | £96,930.13 |
| 21 karat (875) | £92.52 | £2,877.72 | £1,079.15 | £92,520.85 |
| 18 karat (750) | £79.30 | £2,466.62 | £924.98 | £79,303.59 |
| 14 karat (583.3) | £61.68 | £1,918.37 | £719.39 | £61,677.04 |
| 10 karat (416.7) | £44.06 | £1,370.45 | £513.92 | £44,061.07 |
Trend
Last 3 months
Per gram · GBP
- Change
- +9.21%
- Low
- £95.70
- High
- £111.04
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the United Kingdom gold market
Gold jewellery weighing 1 gram or more cannot legally be sold in the UK as "gold" unless it carries an official hallmark struck by one of four assay offices — London, Birmingham, Sheffield or Edinburgh — under the Hallmarking Act 1973. This is a mandatory, government-backed system, not a voluntary industry practice as in some markets: describing an unhallmarked item as gold above that weight threshold is a criminal offence, and the hallmark itself can only be applied by an assay office, never by the manufacturer or retailer directly.
Read the full section on the live price page →Market notes
Investment-grade gold carries a VAT exemption that most retail jewellery does not: bars of at least 995 fineness and legal-tender coins of at least 900 fineness minted after 1800 qualify under retained EU-derived legislation, while jewellery and lower-purity pieces remain VAT-liable as normal. The Royal Mint's Sovereign and Britannia are the two coins most UK dealers treat as the default bullion benchmark, though KmalServico's live price reflects the underlying 24K metal value rather than either coin's own premium.
Read the full section on the live price page →Buying gold in United Kingdom
Look for the full hallmark set rather than a single number: fineness is struck in parts-per-thousand -- 375 for 9 carat, 585 for 14 carat, 750 for 18 carat and 916 for 22 carat -- alongside a separate assay-office mark and a sponsor's mark identifying the maker or importer. The mark has to be struck into the metal itself, not printed or engraved after the fact, and pieces under the 1-gram threshold are the only pieces legally allowed to skip it.
Read the full section on the live price page →Tax & duty notes
Sovereigns and Britannias carry a tax advantage most bullion doesn't: because both are legal tender, HMRC treats any gain on them as fully exempt from Capital Gains Tax, with no cap on the size of the gain. Gold bars and non-UK coins such as Krugerrands don't get that exemption -- they're ordinary chargeable assets, and gains above the £3,000 annual CGT allowance are taxed at 18% or 24% depending on the seller's income tax band. VAT is a separate question entirely, and doesn't apply to investment-grade gold in the first place.
Related markets
More gold markets in Europe
United Kingdom's immediate sub-region doesn't list enough markets on its own, so this also includes other Europe countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
- investment
Gold vs Silver as an Investment
Which precious metal is right for your portfolio?
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from gold-api.com + xaus.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.