| Current | High | Low | Change |
|---|---|---|---|
| 2,111.18 | 2,114.78 | 2,013.87 | 90.54 (+4.49%) |
| Sovereign | Half Sovereign | 1oz Gold | 1oz Silver |
|---|---|---|---|
| £496.97 | £248.49 | £2,111.18 | £24.59 |
85.857
USD: 1.2633
EUR: 1.201
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When UK traders discuss a gold price, they are referring to the ever-changing price of gold as per the London Bullion Market Association. The price itself, refers to the cost of gold within the UK.There are a number of factors that make up the gold price, and these can change regularly, affecting the final price at time of purchase. To view the live price of gold click the link.
Track the live gold price and live silver price in the following weights: troy ounce (t oz), grams (g) and kilograms (kg). You can answer questions such as "what is the current price of gold?", "what is the value of an ounce of gold yesterday?", "what was the gold price last week?", "what is the price of gold UK?", "what is the gold oz price?", "what is the gold cost per gram?", "what is the silver price per gram?" or "what is the sterling gold price?". Find answers to your own questions by using the filters next to the graph.
Gold and silver investors tend to use the troy ounce as the unit of measure. For ease, this is abbreviated to "ounce" on the charts but it should be noted that the troy ounce is not the same as the avoirdupois ounce and in fact is 3 grams heavier at 31.1035g. The origin of the troy weight system is unknown although there is speculation that it is linked to Champagne fairs at Troyes in France. A second hypothesis is that the troy system is in fact of Muslim origin by way of the Gold Dirhem. Do get in touch if you have any more information on the source of the weight system as we would like to know more! We offer grams, kilograms and troy ounce as options so you can use the graphs to fit your budget and even the items you wish to buy or sell. Don't forget to use our metal ratios page to compliment the live metal graphs. These will tell you the price of gold.
The gold price is most commonly given as per 1 troy ounce of gold. The troy ounce is slightly heavier than the avoirdupois ounce at 31.1035g. While prices are available in grams and kilograms, the troy ounce is more universally recognised.
The spot price is considered to be the average price of wholesale gold as quoted by UK bullion dealers for immediate transactions. So, unlike a share price, which is created through an official trading platform like the London or New York Stock Exchange, the gold price is a combination of numerous bullion dealers in the UK and around the world. However, it is important to note that as the spot price chart shows an average of trading prices, it does NOT give an exact price, and should be used only as a guide to buying and selling.
Quite simply, no. The spot price is liable to change throughout the world as each country’s exchange platforms begin trading. Starting with Sydney, then Tokyo, Hong Kong, Singapore, Bombay, Zurich, London, New York ending in California, trading never stops, so it is impossible to condense every trade around the world into a single price.
What is the "gold fix" or "gold fixing"? The LBMA "gold fix" occurs twice a day and is a benchmark for the industry. How is the price of gold and silver determined? The price fix is set at 10:30 and 15:00 London time after auctions between some of the biggest traders in the gold industry. The fix allows for a more streamlined process of buying and selling and is used by gold mines, refineries and central banks. Most retailers and smaller businesses still operate on the live gold price and on this site the price you see for a gold coin or a gold bar at the live current gold rate.
Does gold hold its value? How does gold's intrinsic value change? Using the dropdowns, you can select different times to view the fluctuations in live metal prices on the gold price graph. You can view queries such as "what was the gold price last week?" You are in control and can build the chart that you wish to see. It may also be worthwhile to favourite the graph in your browser so you can come back to it at your convenience. Here at Chards, we cannot be sure what will happen to the price of gold or the price of silver tomorrow or gold in the future. It is common proactive to analyse history and try to make sense of relationships between various drivers such as currency, precious metal ratios (e.g. gold to silver ratio) and world affairs both politically and economically. We hope our graphs and dataset help you to understand gold price going up or gold price going down to reach a better informed decision about the right time to buy gold or silver.
Whether you're new to gold or making regular investment we encourage you to browse our selling pages and browse our buying prices. You can also get in touch on 01253 343081 . We are more than happy to talk through options with you and pride ourselves on creating an educational service to help you reach your investment goals.
Prices shown are for indication only. The prices of precious metals constantly fluctuate and can be volatile. Any use of these live price pages or the information contained within them is done entirely at your own risk, and we accept no liability for any errors.
Prices shown are for indication only. Any use of this page or the information contained is entirely at your own risk. We accept no liability for any errors.
