|Week Change||£11.06 (1.18 %)|
Gold Price Chart
BullionByPost is the UK’s best place to view and track the gold price via our fast loading charts. As the UK’s No.1 online bullion dealer* we accurately provide you with all the real-time fluctuations and movements in the gold price updated every 5 seconds.
Whether you’re looking to follow the live price, view the gold price today, this week, month, year, or historically - we’ve got it covered. Using the chart options above and on the left hand side, there are hundreds of charts to view with a choice of variables to help you find exactly what you want. You can tailor your chart via Time Frame, Weight and Currency.
As well as the constantly updated gold spot price displayed in our charts, a benchmark is also set twice a day, known as the LBMA Gold Price, or the ‘Gold Fix’. This benchmark is set at around 10:30 and 15:00 GMT after a series of auctions between some of the major players in the gold industry. The LBMA Gold Price is used for the trade of gold and gold derivative assets by the largest traders in the gold industry including miners, refiners, and central banks. However, the majority of gold traded around the world will use the gold spot price.
There are ten standard time frames above to view the gold price. These options allow you to view the prices within any time period you choose from 1970 up until the live price. If you would like to view a specific time frame, simply select any one of the 1 Year, 3 Year, 5 Year and All Time options to build your own chart the way you want to see it.
This is an extremely useful tool and can be a very important aid in choosing the right time to invest in gold. While we can never be sure of what will happen in the future, looking back at the historical fluctuations of the gold price can give us a good idea of what the precious metal might do next.
Investors in gold all have different levels of knowledge and experience of gold bullion. Somebody looking at the gold price in 2016 for the very first time will have a different perspective to an investor who has been tracking gold since 2008, for example. Viewing the gold price chart in different time frames means that this won’t be a problem, allowing investors of all levels of experience the necessary information required to make the wisest investment decisions.
You can view the price via our three weight options above. These options allow you to view in Grams (g), Kilograms (kg) and Troy Ounces (T/Oz) which is the standard option.
Investors should take note that the troy ounce, a unit often used to measure precious metals, is not the same as the common avoirdupois ounce. The troy ounce is around 3 grams heavier, at 31.105g.
Gold is an expensive commodity and not everybody is able to buy it by the kilo! Our three different weight options allow you to view the gold price according to different quantities, allowing you to relate its fluctuations to your respective budget.
Our Investment Calculator is an excellent tool that will do the hard work for you, giving you a range of packages according to your budget, empowering you to make the investment decision that best suits you.
The gold price charts can be viewed in different currencies including British Pound Sterling (GBP), Euros (EUR) and US Dollars (USD).
For large periods of human history, fiat currencies such as the Pound and the Dollar were backed by physical gold bullion. Although this is no longer the case, the daily fluctuations of global currencies can still affect the price of gold. For example, on a certain day the value of the pound may rise, meaning that the price of a certain weight of gold will appear to have dropped. Looking at the same weight of gold in other currencies, however, may demonstrate that this is in fact not true.
Comparing the movement of the gold price in different currencies allows us to gain a better perspective of the fluctuations of the value of gold based on demand for the precious metal, rather than just the changing value of a certain currency.
That being said, the changing values of currencies is one of the major reasons investors put their faith in gold. Although we have long abandoned the Gold Standard, many central banks and private investors alike aim to hold a portion of their wealth in gold bullion, due to the universal belief in the value of gold. While fiat currencies are prone to inflation and many have come and gone throughout history, gold bullion has always been considered a highly precious commodity.
When the value of currencies and other investments are under threat, the value of gold will often increase, confirming the precious metal’s reputation as the ultimate safe-haven asset.
How to Buy Gold
Whether you're new to buying gold or an experienced investor, why not read our ultimate guide to buying gold. At BullionByPost we are dedicated to providing the best solutions for your bullion investment needs and have compiled a complete guide to investing gold, with the aim of giving you all the necessary information for you to make the right decisions.
Investing your money in gold bullion can be a big commitment and we are aware that you will want to know all you can before putting your faith in the precious metal. The guide provides essential reading for all covering topics including why buy gold, when to buy gold, storing gold and paying CGT. View the How to Buy Gold Guide now.
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