The above chart displays what the gold price per Troy ounce is right now in GBP. You can also see how much one ounce of UK gold cost in British Pounds over recent hours, days, weeks, months and years as well.
When traders quote a UK value for how much gold is worth at current prices, they usually say simply “gold price per ounce”, omitting the word “Troy”. That's even though a Troy ounce of gold is almost 10% heavier than a standard ounce.
The Troy weights system originated in the French city of Troyes. It was the basis for Britain's coinage in the Middle Ages. Based on the value of gold and silver, it was introduced by Henry II – who also ruled the western part of France – in the 12th Century.
A pure Troy ounce contains 31.1035 grams of 24-carat fine gold, almost 3 grams more than the cook's 'avoirdupois' measurement. One kilogram of fine gold contains approximately 32.15 Troy ounces.
The chart above enables you to view the British Pounds price of gold per ounce both now and over the last week. You can alter it to see the UK price for an ounce of gold in other time frames, from the last 10 minutes to the last 20 years.
BullionVault's chart library is written in JavaScript and hosted on our own servers. This helps keep this spot price up-to-date 24/7, allowing you to monitor bullion market prices in real-time, whilst switching easily between gold prices per ounce and prices per Kg.
You can also view the current value of gold per ounce in different currencies including GBP, USD, EUR, AUD and CAD.
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The Daily Price of gold is determined by London's biggest bullion banks, who agree on a price to clear their outstanding order. The London Bullion Market Association publishes this price on its website.
The price is determined on UK working weekdays at 3pm London time for gold (midday for silver, 2pm for platinum). The prices are made public at midnight. Orders are processed shortly after the price is determined using a provisional, estimated price, and then adjusted to the published price on the following working day. Place your order for gold by 2:35pm to secure the daily price shown (11:45am for silver, 1:45pm for platinum).
No Daily Price is published on Saturday and Sunday, or on certain UK public holidays.
Yes. Ordering at the Daily Price is an easy way to buy and sell gold. Tell us how much you want to trade and we'll do the rest for you.
The actual bullion and cash normally take two working days to settle to your account. For a purchase, your funds stay in your account and are reserved until the bullion is settled. Likewise for a sale, the bullion you are selling is reserved in your account until you receive the cash, typically after two working days.
Open orders are only executed on days when an appropriate gold price is published.
Many factors impact the changing price of gold, including supply and demand, central bank monetary policy, inflation and the performance of stock markets and bonds.
Articles exploring gold and its relationship with the financial markets are published on BullionVault's Gold News each day. Additionally, once you open a BullionVault account, you can opt-in to receive the Weekly Market Update. This weekly email explores and discusses current movements in silver, platinum and gold prices and the reasons behind them.
The price of gold can change by the second – as dictated by supply and demand – as well as the currency that the buyer wishes to use to purchase their gold. Currently, the spot price for 1 ounce of gold is
However, it's possible to track the real-time changing price of gold, plus daily, weekly, monthly and yearly gold price trends using BullionVault's live gold price chart.
The price of gold can change by the second – as dictated by supply and demand – as well as the currency that the buyer wishes to use to purchase their gold. Currently, the spot price for 1kg of gold in the UK is
However, it's possible to track the real-time changing price of gold, plus daily, weekly, monthly and yearly gold price trends using BullionVault's live gold price chart.
The value in buying and selling gold depends on the current market price of the bullion, as well as the buyer's intentions.
For example, are they adopting a long-term view or day trading? Either way, the simplicity of owning physical gold bullion offers appealing security versus volatile digital currencies.
Prospective traders must understand long-term market trends for security in the professional gold bullion market. For more information on buying and selling gold, read our dedicated guide.
Gold achieved its highest price in USD, GBP and EUR in July 2020. In the wake of the COVID-19 pandemic – and subsequent global economic crises – the price of gold reached all-time highs, as traders capitalized on the appealing security of physical gold bullion.
Gold, silver and platinum bullion is traditionally seen as an insurance policy during economic uncertainty. However, the price can still change by the second, as dictated by supply and demand, and the currency that the buyer wishes to use to purchase their gold.
Track the changing price of gold, as well as historic trends, using BullionVault's live gold price chart above.
The future price of gold is difficult to predict, as bullion prices can fluctuate by the second, let alone from year to year.
However, it's possible to view historic and real-time prices using BullionVault's gold price chart above. Looking at the 20-year view, you can see that gold prices reached all-time highs in the US Dollar, Sterling and Euro, in July 2020.
Track the changing price of gold, as well as historic trends, using BullionVault's live gold price chart above.
The price of gold can change by the second – as dictated by supply and demand – as well as the currency that the buyer wishes to use to purchase their gold. Currently, the spot price for 1 gram of gold in the UK is .
However, it's possible to track the real-time changing price of gold in grams, plus daily, weekly, monthly and yearly gold price trends using BullionVault's live gold price chart.
Opening an account is free, takes less than a minute, and gives you the ability to begin trading immediately with the free bullion we provide at registration.
Open an account today