Gold Price UK Per Gram Calculator (2023)

Price of Gold UK Calculator

&nbsp Gold &nbsp £ 1,522.45 / oz August 27 2023 02:45 pm
Grams Description Total Amount
9k Gold £ 17.62
10k Gold £ 19.58
12k Gold £ 23.49
14K Gold £ 27.41
15k Gold £ 29.37
18K Gold £ 35.24
21K Gold £ 41.12
22K Gold £ 43.07
24K Gold £ 46.99
Total Amount £ 0.00

The gold price in the UK per gram is a topic of great interest for those looking to buy or sell this precious metal. Gold has long been considered a safe haven investment, known for its ability to retain value even during times of economic uncertainty. The price of gold is influenced by several factors, including global demand, geopolitical tensions, and inflation. Tracking the gold price per gram allows individuals to monitor the value of their gold holdings and make informed decisions about buying or selling. In the UK, the gold price per gram can fluctuate daily, reflecting changing market conditions. It is crucial for individuals to stay updated on the current gold price per gram in order to make the most profitable transactions. Whether you are a gold investor, a jeweller, or simply someone who owns gold jewellery, understanding the gold price per gram empowers you to make informed financial decisions and maximize the value of your gold assets.

Gold Price Chart: Monthly Update

The price of gold has always been a topic of interest and intrigue for many individuals. Today, with the global financial landscape constantly shifting, keeping an eye on the current gold price is crucial for investors and enthusiasts alike. The value of gold is influenced by various factors such as market demand, economic stability, geopolitical tensions, and inflation. Monitoring the gold price allows investors to make informed decisions regarding their portfolios and assess the overall health of the economy. It serves as an indicator of market sentiment and can provide insights into the direction of other asset classes. Whether you are a seasoned investor or simply curious about the value of this precious metal, staying up to date with the gold price today can offer valuable insights and opportunities for financial growth.

Gold per Gram Today in UK

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Gold Price Per Gram in UK according to the Karat of Gold.

If you wish to obtain today’s best UK value for your gold, jewellery and scrap gold value, our live UK gold price per gram calculator provides the exact current value of your gold items depending on the Karat. Considering that a Gram of Gold represents 0,035274 Ounces, it is quite easy to obtain the price of Gold per Ounce.

The gold price per gram in the UK varies depending on the karat of gold. Karat refers to the purity of gold, with 24 karat being the purest form. As of current market rates, the price per gram of 24 karat gold in the UK is higher compared to lower karat options. This is because higher karat gold contains a higher percentage of pure gold, making it more valuable. For example, 18 karat gold, which contains 75% pure gold, has a slightly lower price per gram compared to 24 karat gold. Similarly, 14 karat gold, containing 58.3% pure gold, will have a lower price per gram compared to 18 karat gold. However, it is important to note that gold prices fluctuate daily due to various factors such as global demand, economic conditions, and market speculation. Therefore, it is always advisable to check the current prices before making any gold-related transactions.

What is Karat in Gold?

When talking about gold, the term “karat” refers to the purity of the gold in a particular piece of jewellery or item, rather than its weight. Karat is a measure of the proportion of pure gold within the total weight, including any alloyed metals or impurities. It is commonly used to determine the quality and value of gold items.

The karat system is denoted by a number followed by the letter “K” or “kt”. The most commonly used karat values are 24K, 22K, 18K, 14K, and 10K.

24K gold is considered pure gold, meaning it contains 99.9% gold and no other metals. However, pure gold is relatively soft and malleable, making it less suitable for jewellery or other everyday items. Therefore, most gold items are made with lower karat values that incorporate other metals for added strength and durability.

As we move down the karat scale, the percentage of pure gold in the item decreases. For example, 22K gold contains 91.7% gold and 8.3% other metals, usually copper and silver. Similarly, 18K gold contains 75% gold and 25% other metals, while 14K gold contains 58.3% gold and 41.7% other metals.

The karat stamp is typically found on gold jewellery or other gold items to indicate its purity. This stamp serves as a helpful reference for buyers and sellers, providing information about the type and quality of gold used. When purchasing gold, it is important to consider the karat value as it directly affects the value, durability, and appearance of the item.

In summary, the karat in gold refers to the percentage of pure gold within an article, relative to the total weight, and is stamped on the gold to indicate its purity and quality.

How do I measure gold purity in England?

Karat is a unit of measurement used to determine the purity of gold. It is denoted by the symbol “kt” or “K”. The measure of gold purity is obtained by dividing the number of karats by 24. For example, if a piece of gold is labelled as 15kt, you would divide 15 by 24, resulting in 0.625. This means that the gold in the item is 62.5% pure.

The purity of gold is an important factor in determining its value and quality. The higher the karat, the purer the gold. Pure gold is 24kt, meaning it is 100% gold. However, pure gold is too soft for most jewellery purposes, so it is often alloyed with other metals to increase its durability.

10kt gold is the least pure form of gold commonly used in jewellery. It contains 10 parts gold and 14 parts other metals, such as copper or silver. This makes it more durable and less expensive compared to higher karat gold. It is often preferred for everyday jewellery as it is less prone to scratching and wear.

It is important to note that the karat rating only indicates the purity of gold in an item and does not necessarily reflect its overall quality or value. Other factors such as craftsmanship, design, and market demand also play a role in determining the value of gold jewellery.

What does 585 Gold stand for?

In the UK, the term “585 Gold” refers to the purity or fineness of the gold used in jewellery. Specifically, it indicates that the gold is 14 karat (14K) gold.

Gold purity is measured in karats, with 24 karat gold being considered pure gold. However, pure gold is too soft for most jewellery applications, so it is often alloyed with other metals to increase its durability and strength.

The term “585 Gold” means that the gold used in the jewellery is composed of 58.5% gold and 41.5% other metals. These other metals may include silver, copper, or zinc, which are added to enhance the hardness and durability of the gold.

In the UK, it is a legal requirement to hallmark gold items weighing over one gram. Hallmarking is a process where specific marks are applied to the jewellery to certify its authenticity and purity. The hallmark includes information about the gold content, such as the purity of gold (e.g., 585 for 14K gold), the manufacturer’s mark, and the date of hallmarking. This system ensures that consumers can trust the quality and purity of the gold they are purchasing.

What does 585 Gold stand for?

The price of gold in the UK is a topic of great interest to many individuals who possess gold items or investments. Understanding the value of your gold can provide valuable insight into its worth and potential for financial gain. The price of gold is influenced by various factors such as market demand, global economic conditions, and geopolitical events. To determine the worth of your gold, it is essential to consider the purity (measured in karats) and weight of the item. You can use online resources or consult with a reputable gold dealer to obtain an accurate appraisal. The value of gold can fluctuate daily, so it is advisable to stay updated on the current market trends to make informed decisions regarding buying, selling, or holding onto your gold assets. Whether you own gold jewellery, coins, or bars, understanding the prices of gold in the UK can empower you to make strategic financial choices while appreciating the intrinsic beauty and historical significance of this precious metal.

How much is my Gold worth?

To determine the value of your gold, you need to consider the purity or karat of the gold and the current market price. The value of gold is typically quoted per gram or per ounce, and it fluctuates daily based on market demand and other factors.

Here are the approximate gold prices per gram for different karat values:

– 9ct / K Gold: The price per gram of 9ct gold varies, but you can check the current market rates using a reputable online source or consult with a local jeweler or gold dealer.
– 14ct / K Gold: Similar to 9ct gold, the price per gram of 14ct gold will depend on the current market rates.
– 18ct / K Gold: 18ct gold is considered to have a higher purity than 9ct or 14ct gold, and therefore, its price per gram is typically higher. Again, check the current market rates for an accurate estimation.
– 22ct / K Gold: 22ct gold is even more pure than 18ct gold, and its price per gram is usually higher as a result.
– 24ct / K Gold: 24ct gold is the purest form of gold and is considered to have a higher value. However, it is important to note that pure 24ct gold is not commonly used in jewelry as it is relatively soft and prone to damage.

To determine the value of your gold, multiply the weight of your gold in grams by the current market price per gram for the specific karat value. Remember, these prices may vary depending on the market and other factors, so it is recommended to consult with a professional gold dealer or use a reliable online source to get the most accurate and up-to-date information on gold prices in your region.

Using the Gold Price UK per Gram: Prices for your Gold can be a helpful resource to track the current market rates and calculate the value of your gold.

Gold Karat and equivalent Fineness

KaratsParts of GoldPurity (%)Millesimal Finess
24K24 / 2491.7999
22K22 / 2491.7916 / 917
18K18 / 2475750
14k14 / 2458.3583 / 585
9K9 / 2437.5375

How is the gold price determined?

The gold price is determined by various factors, with two key elements being supply and demand, as well as currency fluctuation. Let’s delve deeper into these factors.

Supply and Demand: The availability of gold in the market and the level of demand for it significantly impact its price. Gold is a finite resource, and its mining production, recycling, and central bank reserves determine the overall supply. On the demand side, gold is sought after for various purposes, including jewellery, investment, industrial applications, and central bank purchases. When the demand for gold exceeds the available supply, the price tends to increase, and vice versa.

Currency Fluctuation: Gold is traded globally in various currencies, and its price is influenced by currency fluctuations. When the value of a currency weakens against other major currencies, such as the US dollar, gold becomes relatively cheaper for investors holding those currencies. Conversely, when currencies strengthen, the price of gold may rise in those currency terms. As a result, investors often look to gold as a hedge against currency volatility and economic uncertainties.

Other Factors: Several other factors can also impact the gold price. Geopolitical tensions, economic indicators, interest rates, inflation, and market sentiment can all influence investor demand for gold. In times of economic uncertainty or market instability, gold is often considered a safe-haven asset, leading to increased demand and potentially higher prices.

It’s important to note that the gold market can be influenced by speculation and trading activities, which can lead to short-term price fluctuations. Additionally, gold is traded on international exchanges, such as the London Bullion Market and COMEX, where market participants buy and sell gold contracts, further impacting its price.

Overall, the gold price is determined by a complex interplay of factors, including supply and demand dynamics, currency fluctuations, and various economic and geopolitical influences. Tracking these factors can help investors and market participants understand and anticipate changes in the gold price.

How is the gold price determined?

Typically whenselling your unwanted jewelleryor scraps that you have kept for a long time and wish to exchange for cash, a gold dealer will buy it at the current price by weight, after which it will be sent on to a goldsmith for refining purposes.

Scrap gold has a vast market, but many people need help understanding its various aspects. Scrap gold is anything made of broken gold, such as unwanted jewellery or industrial by-products that are no longer valuable in their current form.

If you wish to obtain today’s best UK value for your scrap gold, our live UK gold price per gram calculator provides the exact current value of your gold items, depending on the Karat.

The price of gold depends on the current market conditions, so you have to bear that in mind while ascertaining the value of your scrap gold. You will generally be given a quote that is less than what you have estimated; however, this depends upon the individual buyer. Different buyers can pay you different amounts.

It is vital to note that gold bars and gold coins have a premium value based on the precious metal price.

How is gold weighed and measured?

Before selling your gold, you first have to know its value to ensure that you get a fair scrap gold price, which our scrap gold price per gram UK calculator can determine. It is necessary to understand how it is weighed and measured to obtain its value. The unit of measure for gold is a troy ounce, and one troy ounce equals 31.1 grams.

If you have a large amount of gold, you would better use a troy-ounce metric to measure its weight. You can also use another metric, called pennyweight, to measure the weight of the gold. One penny weight is equal to 1.55 grams.


The value of gold also depends on its purity, based on carats and form, as well as whether the gold is bullion or gold coin.

What is the gold spot price?

Gold Spot price is relevant when you are purchasing investment-grade gold, which can only be bought and sold in the form of Good Delivery gold bars, standardised and distributed in the UK by LBMA and distributed by members to private investors. Spot price means how much the gold bullion, usually an ounce or gram as a set quantity, is worth on the day of sale. The spot price is an industry indicator as to fluctuations in the value of gold, as well as a standard whereby buyers and dealers can set their prices.

However, there is more to consider than just the spot price when buying gold bars. Premium is expressed as a percentage amount over and above the value of the gold content. It is not common to see the premium when shopping for gold. Some forms of gold hold lower premiums than others, yet bullion coins often have higher premiums than gold bars.
The difference between the price you pay when buying gold and the return price when you sell it is called the ‘spread’. Another point to remember when investing in gold is the additional costs such as shipping, handling and hidden costs like credit card use etc.

The price of gold is a topic of great interest and importance for investors, jewelers, and anyone who follows global economic trends. In recent years, the price of gold has experienced significant fluctuations, influenced by various factors such as political instability, economic uncertainty, and changes in supply and demand. Staying updated on the current gold price is crucial for those involved in the gold market, as it can impact investment decisions and the value of gold jewelry or bullion. Many financial news outlets provide real-time updates on the gold price, including charts and analysis that can help individuals make informed decisions. Additionally, there are mobile apps and online platforms specifically dedicated to tracking gold prices, offering users the opportunity to monitor price movements and receive alerts for any significant changes. By staying informed and keeping a close eye on the gold market, individuals can navigate the dynamic world of gold and potentially seize opportunities for profitable investments.

Gold price vocabulary.

The gold price chart for the United Kingdom is an economic indicator which gives a representation of the prevailing prices of gold in the country over a given period of time. This data can be used to assess trends in the gold market and to make predictions about future movements in prices. The chart typically provides data points for various denominations of gold, such as grams, kilograms and troy ounces, thus enabling a more thorough analysis of the commodity's value fluctuations.

The gold price forecast in the United Kingdom is an important predictor of economic behaviour, as it is a reflection of the market's expectations regarding expected increases or decreases in the value of gold. The gold price forecast incorporates many elements such as macroeconomic indicators, geopolitical influences, and currency movements. Consequently, it is imperative to understand the various factors influencing this prediction in order to accurately assess its likely trajectory.

The gold daily fix is a benchmarking process used in the global financial markets to create a reference price for gold. It is based on a century-old process where two London bullion banks agree on the spot price of gold which is then transmitted to other participants in the international marketplace. The practice has been criticized for its potential to influence the gold market, as it could be manipulated by the participating banks.

Gold Price UK Per Gram Calculator (1)

Gold Price UK per Gram / per Ounce

Stay updated with the latest gold prices in the UK! Check the gold price per gram or per ounce with us. Our reliable data will help you make informed decisions about buying or selling gold.

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