Gold is priced based on the global spot rate for 24 carat (99.99% pure) gold, typically quoted per troy ounce in GBP. Prices update continuously in line with international market activity.

How Gold is Priced Globally

Gold pricing is shaped by activity across major financial centres including London, New York, and Asian markets. These markets operate almost continuously during the trading week, ensuring pricing reflects global supply and demand.

What Determines Gold Prices

The price of gold is influenced by a combination of macroeconomic and global factors, including:

• Inflation and interest rate expectations
• Currency movements, particularly the US dollar
• Central bank demand and reserve accumulation
• Geopolitical uncertainty and market volatility

Using the Live Chart

The chart allows you to monitor gold price movements across multiple timeframes, from short-term fluctuations to long-term trends. It provides a clear view of market direction, enabling comparison across different periods.

Gold Price by Weight and Currency

Gold prices can be viewed in different units depending on preference:

• Per troy ounce
• Per gram
• Per kilogram

Pricing can also be displayed across multiple currencies, including GBP, USD, and EUR.

Gold Purity and Valuation

The live price reflects pure (24ct, 99.99%) gold.
Other purities — such as 22ct, 18ct, or 9ct — are valued proportionally based on their gold content relative to the spot price.

How to Calculate Gold Value

To estimate the value of gold with lower purity:

• Identify the carat (e.g. 9ct, 18ct, 22ct)
• Divide by 24 to determine purity
• Multiply this percentage by the current spot price

For example, 18 carat gold contains 75% pure gold. If the live gold price is £2,400 per ounce, its equivalent value would be approximately £1,800 per ounce.

This provides a general reference point, with final pricing varying depending on form, condition, and market demand.

Market Hours

Gold trades continuously from Monday to Friday, with prices remaining static during weekends and public holidays when markets are closed.

Historical Performance

Gold has demonstrated long-term resilience across multiple economic cycles, particularly during periods of inflation, currency weakness, and financial instability. While short-term movements are driven by market conditions, long-term trends have consistently reflected sustained global demand for physical gold.

Long-Term Perspective

While short-term fluctuations are common, gold continues to be viewed as a stable store of value. Its role within global markets has remained consistent, particularly during periods of economic uncertainty and shifting monetary conditions.