Stay Updated with Gold Prices on Metals Radar
Gold · GBP/oz
Spot price, 10.10.2026
Low: £3,104 (7 Oct 2026) · High: £3,170 (9 Oct 2026)
Low: £3,104 (7 Oct 2026) · High: £3,275 (19 Sep 2026)
Low: £2,968 (16 Jul 2026) · High: £3,413 (24 Aug 2026)
Low: £2,968 (16 Jul 2026) · High: £4,005 (2 Mar 2026)
Low: £3,080 (7 Oct 2026) · High: £3,185 (9 Oct 2026)
| Period | Change | % |
|---|---|---|
| 1 day | +£28.78 | +0.9% |
| 7 days | +£33.61 | +1.1% |
| 30 days | −£57.47 | -1.8% |
| 90 days | +£98.82 | +3.2% |
| 1 year | +£169.76 | +5.7% |
Low and high (1 year): £2,968 – £4,005
Price at the end of each year
Price of one ounce of gold in GBP at the last quote of each year, and the change on the year before.
| Year | Price per ounce | Change |
|---|---|---|
| 2026 (today) | £3,170 | −1.6% |
| 2025 | £3,221 | +54.5% |
| 2024 | £2,085 | +28.3% |
| 2023 | £1,624 | +7.7% |
| 2022 | £1,508 | +12.8% |
| 2021 | £1,337 | −3.3% |
| 2020 | £1,382 | +20.1% |
| 2019 | £1,151 | +14.7% |
| 2018 | £1,004 | +5.0% |
| 2017 | £956.23 | +2.7% |
| 2016 | £930.91 | +30.3% |
| 2015 | £714.66 | – |
Source: gold-api.com (daily average spot price in USD on the last trading day of the year), converted at the National Bank of Poland mid rate of that day; current year: spot price from the metalsradar price service.
Other precious metals
Spot price per ounce and the change since the previous quote.
Gold has long been valued as a reliable store of wealth, offering financial security and investment diversification. Whether you’re looking to hedge against inflation, protect your assets, or simply track the market, monitoring gold price trends can help you determine the best time to buy or sell.
Our interactive chart allows you to view historical price trends, with options to examine data from the past month, quarter, year, five years, or even two decades.
What is the gold ‘spot price’?
The gold spot price represents the current market value of pure gold per troy ounce (31.1 grams). This price reflects 24-carat gold with a purity of 99.99%. If you’re valuing gold jewellery, the actual worth may be lower depending on its gold content and craftsmanship.
Understanding troy ounces
Precious metals like gold are measured in troy ounces, a unit heavier than a standard ounce. One troy ounce equals 31.1035 grams, whereas a regular ounce is 28.3495 grams. There are approximately 32.15 troy ounces in one kilogram.
When purchasing investment-grade gold, weights are typically given in troy ounces. Gold bars and coins are available in various sizes, from small fractional pieces like 1/10 oz coins to substantial 100 oz bars.
Who determines gold prices?
Gold prices are influenced by various global financial institutions and markets. In the UK, the London Bullion Market Association (LBMA) sets the gold benchmark price twice daily. This differs slightly from the continuously changing spot price, as it helps stabilise transactions for large-scale gold purchases. In the United States, the COMEX (CME Group) plays a significant role in gold pricing.
Factors influencing gold prices
Several key elements impact the price of gold, including supply and demand, interest rates, and currency fluctuations. Understanding these factors can help investors anticipate price movements.
Supply and demand
Gold is a finite resource, and its availability influences price trends. As mining becomes more challenging and costly, the supply may slow, driving prices up. Predictions suggest that gold extraction could become less feasible by 2050, which may further increase its value.
Gold demand comes from various sectors, including:
- Jewellery: The largest consumer of gold, particularly in regions like India and China.
- Investments: Investors purchase gold as a hedge against economic instability.
- Technology & Industry: Gold is used in electronics, medical devices, and aerospace applications.
- Central Banks: Many governments hold gold reserves to stabilise national economies.
Stay updated on gold prices
Use Metals Radar’s live price tracker to monitor real-time market movements and assess the best times to buy or sell. Our historical data tools allow you to analyse long-term trends, helping you make well-informed investment choices. Whether you’re a seasoned investor or new to the market, keeping an eye on gold prices is key to maximising your returns.
Glossary: Spot Price · Troy Ounce · LBMA Good Delivery
Frequently asked questions about the gold price
What does the gold price depend on?
The gold price depends on demand from investors and central banks, on interest rates and on the strength of the US dollar. Precious metals are quoted in US dollars worldwide, so the exchange rate against the dollar also moves the price in GBP.
What is the difference between the spot price and the price of a coin or bar?
The spot price is the wholesale price of one ounce of pure metal. Dealers sell coins and bars at a premium that covers minting, distribution and their margin. metalsradar compares these premiums across many dealers.
How often is the price on this page updated?
The metalsradar price service reads the spot price every 15 minutes. The chart shows one price per day: the last quote of the day.
What was the price of an ounce of gold at the end of 2025?
At the last quote of 2025 (31.12.2025, 01:00), an ounce of gold cost £3,221, a change of +54.5% on the end of 2024.