The spot gold price in British Pounds updates live on this chart. It tracks the spot price for gold bullion settled in the UK, which is the global benchmark for valuing gold deals made around the world today.
Where does the live spot gold rate on this chart come from? Today's spot price is the average gold rate being quoted by bullion dealers in the wholesale market. They trade large gold bars for settlement at current values, rather than in the future from now.
By convention, these dealers quote spot prices for gold stored in London – heart of the world's wholesale market. Different locations, such as New York, Singapore or Zurich, are then priced at a premium or discount to that UK spot rate.
Most importantly, each spot-market dealer quotes their own rates to buy gold or sell it, and each deal is done directly with one client at a time, one on one.
So unlike a share price on the stock market, this live, ever-changing gold price is not created by an official exchange or electronic trading system such as the UK's London Stock Exchange or the Tokyo Stock Exchange (TSE). Instead, the spot gold price is in fact a blend of different gold prices quoted by thousands of bullion-bank dealers working around the world.
None of these banks will necessarily deal at the spot gold price you see on the chart above (although they will all herd around it, watching each other's quotes to make sure they stay competitive). There are also many subtly different versions of the UK spot gold price, each one built from a different mix of quoted gold rates and data feeds.
BullionVault's gold price chart, for example, takes data from multiple sources covering hundreds of physical gold dealers worldwide. It also shows you the average mid-point of their spot quotes to buy or to sell gold. So this market-leading chart is only a guide. It doesn't show you an exact price or value for gold. No spot gold chart does.
Starting in Sydney, Australia each morning – and then moving onto Tokyo, Hong Kong, Shanghai, Singapore, Mumbai, Zurich, London, New York and finally California's business hours – the world's spot gold market is what's known as "Over The Counter" (OTC).
In this OTC market, each gold buyer and seller works directly with the other, and each individual deal – often still agreed over the telephone – sets a unique gold price and quantity. This is very different to buying and selling equities through a stock-market exchange such as the NYSE in New York.
Electronic trading exchanges show your order to everyone else using that platform, and your deal is cleared by the company running the exchange. This means that it accepts the shares from the seller, and it transfers them to the buyer. The exchange also guarantees to transfer shares to the buyer, and pay money to the seller, even if the other party fails to deliver.
Spot gold trading is different. It sees the buyer and seller first research each other's credit and financial standing, signing an agreement to do business. Each deal is then a private trade between themselves. Nothing is standardized in this spot gold market besides the high quality of the Good Delivery gold bars that change hands. So as a result, the world's gold dealers also lack a single, market-wide spot price.
That's one reason the LBMA Gold Price exists. Formerly known as the ‘Fix’, this benchmark has run daily since 1919, broken only by WWII. It offers a single UK gold value twice a day.
This 'fixing' price is found by gathering together client orders from across the market. Using the current spot gold price as a starting point, different gold values are then tried – higher or lower – looking for the rate where the total current demand to buy gold at this 'fixing' auction meets the supply now for sale.
Private investors like you can now access this gold market direct, buying and selling at the UK gold benchmark through BullionVault. Or trade live at current spot gold prices using our award-winning Order Board online.
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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