1 troy ounce of gold price today (GBP)

1 troy ounce of pure gold is worth £2,942.74 today at the live spot price of £94.71 per gram. In 18k jewellery the same weight is worth £2,209.27 at melt value.

Gold · GBP

£94.71/g

£2,945.69/oz▼ 1.64%

Silver · GBP

£1.217/g

£37.84/oz▼ 2.40%

Platinum · GBP

£36.95/g

£1,149.20/oz▼ 1.00%

Palladium · GBP

£24.59/g

£764.94/oz▼ 2.03%

Live spot price · 24h change · updated 07:58 UTC · refreshes every 30 s

Value of 1 troy ounce of gold by karat in GBP
Karat	Melt value	Dealer at 70%	Dealer at 90%
24K (999)	£2,942.74	£2,059.92	£2,648.47
22K (917)	£2,700.31	£1,890.22	£2,430.28
21K (875)	£2,577.48	£1,804.24	£2,319.73
18K (750)	£2,209.27	£1,546.49	£1,988.34
14K (585)	£1,723.23	£1,206.26	£1,550.91
10K (417)	£1,228.35	£859.85	£1,105.52
9K (375)	£1,104.63	£773.24	£994.17

How this value is calculated

The spot price is quoted per troy ounce. Dividing by 31.1035 gives £94.71 per gram of pure gold; multiplying by 31.103 g gives the value of 1 troy ounce of fine gold. For jewellery, the value is then scaled by purity — 75% for 18k, 58.5% for 14k, 37.5% for 9k.

At 1 troy ounce, you are in bullion territory. Bars and coins from accredited refiners usually sell for spot plus 2–5%, and dealers buy them back at close to spot, so the round-trip cost is small. Investment gold is VAT-free in the EU and UK. Use the scrap gold calculator for your exact weight.

Other weights and currencies

FAQ

How much is 1 troy ounce of gold worth today in GBP?

1 troy ounce of pure 24k gold is worth about £2,942.74 at today's spot price. The same weight of 18k gold is worth £2,209.27 and of 9k gold £1,104.63.

How much will a dealer pay for 1 troy ounce of scrap gold?

Dealers pay a share of melt value, typically 70–90%. For 1 troy ounce of 18k scrap that is roughly £1,546.49 to £1,988.34.

What does it cost to buy 1 troy ounce of gold bullion?

Expect to pay the spot value of £2,942.74 plus a dealer premium, usually 2–8% for bars and coins depending on size. Investment gold is VAT-exempt in the EU and UK.

How often is this price updated?

The spot price comes from MetalflowAPI, is cached for up to 10 minutes on our server and refreshes on the page every 30 seconds.

Why is the GBP price different from other currencies?

Gold is priced internationally in US dollars, so the price in euros or pounds also moves with the exchange rate.