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Gold Price in Pounds (GBP) Today

As of October 5, 2026, the gold price in British pounds is £3,146.42 per troy ounce. That's the spot price of $4,153.52 per troy ounce, up 0.39% over the past 24 hours, converted at 0.7575 pounds per US dollar (European Central Bank reference rates for October 2, 2026).

Live LBMA London pricing in British pounds per troy ounce and per gram. London has been the centre of global gold trading for over three centuries.

£3,146.42

+£12.13

+0.39%

British pounds per troy ounce

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Gold price in British pounds by weight

Metal value at spot. Local taxes, duties, making charges and dealer premiums come on top.

At the spot price of $4,153.52 per troy ounce, converted at 0.7575 pounds per US dollar (European Central Bank reference rates for October 2, 2026), as of October 5, 2026.
Weight	British pounds (GBP)	US dollars (USD)
1 troy ounce	£3,146	$4,154
1 gram	£101.16	$133.54
1 kilogram	£101,160	$133,539

Gold price in British pounds by karat

Karat	Purity	Per gram (GBP)
24K	99.9%	£101.06
22K	91.6%	£92.66
18K	75%	£75.87
9K	37.5%	£37.93

Price Chart

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Interactive price chart showing historical data across multiple time ranges (24H, 7D, 1M, 3M, 6M, 1Y, 5Y, MAX). Enable JavaScript to view.

Past prices on the chart are US dollar closes converted at today's USD/GBP rate.

24h Change

+0.39%

24h Range

£3,128.88 to £3,147.21

Est. dealer bid/ask

£3,135.41 / £3,157.43

USD all-time high converted at today's rate

£4,234.12(Jan 28, 2026)

Live market statistics: 24-hour price change, daily trading range, bid/ask spread, and all-time high with date. Enable JavaScript to view real-time data.

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London: The World's Gold Trading Hub

The gold price in GBP carries special significance because London has been the centre of the global gold market for over three centuries. The pound-denominated gold price is calculated by dividing the USD spot price by the GBP/USD exchange rate, so both the gold market and sterling influence the final price for UK investors.

London's dominance in the global gold market is centred on the London Bullion Market Association (LBMA), which oversees the Over-The-Counter (OTC) gold market with daily turnover of approximately $30 billion. The LBMA sets the gold price at 10:30 AM and 3:00 PM London time through an electronic auction process. This benchmark is used by central banks, mining companies, jewellers, and financial institutions worldwide to value and settle gold transactions.

The London Good Delivery standard (400-ounce bars meeting strict purity and weight specifications) is the international standard for wholesale gold trading.

The Royal Mint, with origins dating back over 1,100 years, produces two flagship gold coins with significant tax advantages for UK residents. Both the Gold Britannia (1 oz, .9999 fine) and the Gold Sovereign (7.32g, .9167 fine) are classified as UK legal tender, making them exempt from Capital Gains Tax (CGT). This CGT exemption does not apply to foreign coins such as Krugerrands or Maple Leafs, so British coins are the most tax-efficient form of gold ownership in the UK.

Investment gold is VAT-free in the UK, a significant advantage over silver and platinum which carry 20% VAT. UK investors looking beyond physical gold choose from gold ETFs listed on the London Stock Exchange, allocated gold accounts, and shares in gold mining companies listed on the FTSE. Capital gains from non-legal-tender gold investments are subject to CGT above the annual exempt amount, with rates depending on the investor's income tax band.

LBMA daily turnover: Approximately $30 billion in gold traded

Price fix: Set at 10:30 AM and 3:00 PM London time

CGT-free coins: Gold Sovereigns and Britannias are exempt from Capital Gains Tax (UK legal tender)

VAT-free: Investment gold is VAT-free in the UK; silver and platinum carry 20% VAT

Royal Mint: Produces the Gold Britannia (1 oz, .9999 fine) and Gold Sovereign

Good Delivery bars: 400 oz meeting strict purity and weight standards

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

Gold price in other currencies

Other metals in British pounds

Data Methodology

Where does this price data come from?

Gold spot prices come from market data feeds that track the primary global exchanges, with an automatic fallback to a second feed. Prices update in real time during market hours, and each one is the latest available mid-market spot rate.

How is the gold spot price determined?

The gold spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.

How are prices converted to GBP?

Metal prices are quoted in US dollars. Prices in GBP are converted with the European Central Bank's reference exchange rates, which it publishes once each working day. Price in GBP = USD price × USD/GBP rate.

When are precious metals markets open?

COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week.

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Frequently Asked Questions

How is the gold price in pounds calculated?

Divide the international US dollar spot price (XAU/USD) by the current GBP/USD exchange rate. For example, if gold is $4,000/oz and GBP/USD is 1.25, the pound price is 3,200 GBP per ounce. The LBMA also publishes a benchmark price in GBP alongside the USD fix.

Are gold coins tax-free in the UK?

Investment gold is VAT-free in the UK. UK legal tender gold coins such as the Gold Sovereign and Gold Britannia are also exempt from Capital Gains Tax (CGT). This makes them the most tax-efficient form of gold investment for UK residents. Standard gold bars are VAT-free but are subject to CGT on profits above the annual allowance.

Why does the London gold price matter?

The LBMA Gold Price, set in London, is the most widely used benchmark for gold pricing worldwide. Central banks use it to value reserves. Derivatives are settled against it. Gold ETFs reference it for their NAV calculations. London's deep liquidity pool and centuries-long tradition make it the definitive reference point for the global gold market.

What are the best gold coins to buy in the UK?

The Gold Britannia (1 oz, .9999 fine) and Gold Sovereign (7.32g, .9167 fine) are the most popular choices for UK investors because they are CGT-free as UK legal tender. Other widely traded coins include the South African Krugerrand, Canadian Maple Leaf, and Austrian Philharmonic, though these are subject to CGT.