Understanding Today's Gold Prices
How Much Is Gold Worth Per Gram in the UK?
The gold price per gram in the UK depends on both the current live gold market and the purity of the gold being valued.
Pure 24ct gold contains significantly more gold than jewellery alloys such as 9ct or 18ct gold, so its intrinsic value per gram is higher.
Common gold purities include:
Gold purity | Fineness | Pure gold content
- 9ct | 375 | 37.5%
- 10ct | 417 | 41.7%
- 14ct | 585 | 58.5%
- 18ct | 750 | 75.0%
- 21ct | 875 | 87.5%
- 22ct | 916 | 91.6%
- 24ct | 999 / 999.9 | 99.9% / 99.99%
If you're unsure what purity your jewellery is, look for a hallmark such as 375, 585, 750 or 916. You can also use our British Hallmark Guide and Gold Purity Guide for more information.
How Are Scrap Gold Prices Calculated?
Scrap gold prices are primarily calculated using three pieces of information: the current gold price, the purity of the item and its weight.
A simple way of understanding the calculation is:
Weight × Gold Purity × Current Pure Gold Price Per Gram = Approximate Intrinsic Gold Value
A professional valuation begins by establishing the precious metal content of the item and accurately weighing it. Its value can then be calculated using the current market price.
Example Gold Valuation
Imagine you have a 20g 18ct gold bracelet.
18ct gold contains 75% pure gold, therefore:
20g × 75% = 15g of pure gold content
The approximate intrinsic gold value can then be calculated by multiplying those 15 grams of pure gold by the current pure gold price per gram.
The final buying price offered by a precious metal dealer may differ from the intrinsic metal value depending on the product, refining requirements, market conditions and the buyer's purchasing rate.
At 888 Bullion, our latest buying prices are clearly displayed on this page, allowing you to check our rates before deciding whether to sell.
What Is the Gold Spot Price?
The gold spot price is the current international market price of gold and acts as an important benchmark for bullion dealers, refiners, investors and precious metal buyers around the world.
Gold is commonly quoted internationally per troy ounce, with one troy ounce equal to approximately 31.1035 grams.
For UK customers, the international gold price and the GBP/USD exchange rate both influence the value of gold when expressed in pounds sterling.
Why Does the Gold Price Change?
Gold prices move throughout the trading day as international precious metal markets respond to changing economic and financial conditions.
Some of the main factors that can influence the live gold price include:
Because international gold is commonly quoted in US dollars, changes in the value of the British pound against the dollar can affect the UK gold price even when the underlying international market moves relatively little.
This is why your gold may be worth a different amount tomorrow, next week or even later in the same trading day.
How Does 888 Bullion Test Gold?
At 888 Bullion, we professionally assess precious metals to establish their composition before making a final valuation.
We use XRF precious metal analysis where appropriate. XRF technology can identify the elemental composition of an item without the need to damage it.
Professional testing is particularly useful for:
- Unhallmarked gold
- Foreign gold jewellery
- Older jewellery
- Gold bullion
- Mixed precious metal items
- Jewellery that has previously been repaired or altered
Your items are also accurately weighed before the precious metal content and current market price are used to calculate a valuation.
Where Can I Sell Gold in London?
If you're looking for where to sell gold in London, 888 Bullion provides professional precious metal buying and valuation services from our office in Hatton Garden, London's historic jewellery district.
We buy precious metals directly from members of the public as well as customers with larger collections of jewellery, coins and bullion.
You can sell:
There is no obligation to sell after receiving a valuation.
How Do I Sell Gold in Hatton Garden?
You can visit 888 Bullion in Hatton Garden, London with the precious metals you would like valued. Find details for selling gold in Hatton Garden or contact us about a visit to our office.
Your items can be professionally assessed, tested and weighed before you receive a valuation based on their precious metal content and current market conditions.
If you accept our offer, payment can be made by bank transfer.
If you decide not to sell, there is no obligation to proceed.
Can I Sell Gold by Post?
Yes. Customers who cannot visit our Hatton Garden office can use the 888 Bullion FREE Gold Pack to sell gold from anywhere in the UK.
The process is straightforward:
- Request your FREE Gold Pack.
- Place the items you would like valued inside.
- Send your package using the provided insured postal service.
- We receive and professionally assess your items.
- We contact you with your valuation.
- If you accept, payment is made by bank transfer.
- If you decline, your items are returned in accordance with our terms and conditions.
Our postal service allows customers throughout the UK to access the same professional precious metal valuation service without travelling to London.
What Types of Gold Does 888 Bullion Buy?
We buy almost all forms and purities of genuine gold, including:
The condition of an item does not necessarily prevent it from having value. Broken, damaged, tangled or incomplete gold jewellery may still contain valuable precious metal.
Is Now a Good Time to Sell Gold?
There is no guaranteed perfect time to sell gold because future market movements cannot be predicted with certainty.
Before selling, it can be useful to consider the current gold price, the value of your items and your own reasons for selling.
If you have unwanted jewellery, inherited gold or investment bullion, checking today's live gold prices allows you to understand the current market value before making a decision. Read more about the best time to sell gold.
Our Gold Price Calculator and live buying prices above can help you monitor the market and estimate what your gold could be worth.
Frequently Asked Questions About Today's Gold Price
What is the gold price today in the UK?
The UK gold price changes throughout the trading day as the international gold market and currency exchange rates move. You can check 888 Bullion's latest gold prices and buying rates using the live prices displayed above.
How much is 9ct gold worth per gram today?
9ct gold contains 37.5% pure gold. Its value per gram therefore depends on the current price of pure gold and the buying rate being offered. Check our live 9ct gold value guide and 9ct gold buying price above for today's latest rate.
How much is 18ct gold worth per gram today?
18ct gold contains 75% pure gold. Its value changes with the live gold market. Our latest 18ct gold value guide and buying price per gram are displayed above and updated in line with market movements.
How much is 22ct gold worth per gram today?
22ct gold contains approximately 91.6% pure gold and is commonly used for products including Gold Sovereigns and some high-purity jewellery. Check our latest 22ct gold value guide and 22ct gold price above for today's latest buying rate.
How much is 24ct gold worth per gram today?
24ct gold is essentially pure gold, normally carrying a fineness of 999 or 999.9. Its value per gram closely follows the underlying pure gold market price, although dealer buying rates can differ from the spot price. Read our 24ct gold value guide.
Is broken gold jewellery still worth money?
Yes. Broken gold jewellery can still have significant value because scrap gold is generally valued according to its precious metal content rather than its appearance. Broken rings, chains, bracelets and single earrings can all be professionally tested and valued.
Do I need a hallmark to sell gold?
Not necessarily. Some genuine gold items may be unhallmarked, foreign-made or have worn hallmarks. Precious metal testing can be used to help determine the composition of an item where appropriate. See our British Hallmark Guide.
Where can I sell gold in Hatton Garden?
888 Bullion buys gold, silver, platinum and palladium from our Hatton Garden office in London. Customers can bring jewellery, coins, bullion and other precious metals for professional assessment and a no-obligation valuation. Learn more about selling gold in Hatton Garden.
Can I sell gold without visiting London?
Yes. Our FREE fully insured Gold Pack allows customers throughout the UK to send precious metals to 888 Bullion for professional assessment and valuation without visiting our Hatton Garden office.
How quickly will I be paid for my gold?
If you accept your valuation, payment can be made by bank transfer. The exact timing may depend on the transaction and banking arrangements.
Learn More About Gold Prices & Selling Gold
For more information, explore our specialist precious metal guides:
Check Your Gold's Value Today
Whether you're checking the gold price today UK, comparing scrap gold prices, looking for the gold price per gram, valuing inherited jewellery or deciding whether to sell gold today, our live prices and Gold Price Calculator can help you understand what your precious metals could be worth.
888 Bullion is a family-run precious metals dealer based in Hatton Garden, London, with over 40 years of family experience in the jewellery and precious metals industry.
Visit us in Hatton Garden for a professional, no-obligation valuation or request our FREE fully insured Gold Pack to sell gold securely from anywhere in the UK.