Gold price in London today
The current gold rate in London, in GBP, with the local market context behind it. Updated 29 April 2026.
Gold rate in London today
Per gram, in GBP. Updated 19 May 2026.
International reference: $4,485.90 / oz
| Purity | Per gram | Per 10 grams |
|---|---|---|
| 24K (999) | £107.63 | £1,076.30 |
| 22K (916) | £98.59 | £985.89 |
| 21K (875) | £94.18 | £941.76 |
| 18K (750) | £80.72 | £807.22 |
Indicative rates derived from the international spot price. Retail prices may differ by a small dealer margin and any local making charge or tax.
How the London gold market works
London is the centre of the global wholesale gold market. The LBMA Gold Price — set twice each business day by an electronic auction at 10:30 and 15:00 London time — is the benchmark that almost every other market uses as a reference. Most physical gold here is held at vaults run by the Bank of England, JP Morgan, and HSBC, and trade between LBMA members happens in 400-ounce "good delivery" bars. Retail buyers in the UK pay no VAT on investment-grade gold thanks to a 2000 EU directive that the UK has retained; jewellery, by contrast, attracts the standard 20% VAT. The Royal Mint sells Sovereigns and Britannias which are also exempt from capital gains tax for UK residents, making them unusually tax-efficient. Dealers like Sharps Pixley and Baird & Co. publish prices that closely track the LBMA fix, with a small spread for fabrication and handling.
Other ways to save in gold
Physical bars and coins from a refiner are the most direct form of gold ownership. Beyond that, gold ETFs offer paper exposure without storage, and a newer category of allocated digital gold apps — Stacks is one of them — let you save in fractional grams backed by audited vault holdings, with the option to redeem or send the gold to someone else. Each form trades convenience against the cost of custody; none replaces a basic understanding of how the local market sets price.
Gold prices in other cities
Save in gold from London
Stacks is opening access soon — buy fractional, allocated gold and send it across borders. Join the waitlist for early access.