Live gold price by kilo in GBP
View the current gold price per 1 kg in GBP, which is always up-to-date to reflect the latest market rate.
Table of content
Performance of the price of 1 kg of gold in the past 24 hours in British Pound
Last update: Jul 6, 2024, 2:20 PM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
+0% | +0% | +0% | +0.04% | +0.24% | +0.97% |
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1 kg gold price today by weight in GBP
See the daily minimum price of 1 kg gold by weight in GBP, as well as the daily maximum price and the daily average.
Last update: Jul 6, 2024, 2:21 PM
Historical performance of the price of 1 kg gold in GBP
Look at this graph to see the historical performance of the 1 kg gold price in GBP. Over many years, the price of gold has shown a notable upward trend.
Last update: Jul 6, 2024, 2:20 PM
| 1 day | 1 week | 1 month | 6 months | 1 year | 5 years | 10 years | 20 years | 50 years |
|---|---|---|---|---|---|---|---|---|
+0.97% | +2.82% | +1.42% | +16.94% | +24.77% | +71.96% | +80.3% | +505.9% | +1554.17% |
1 kg gold price today by carats and currencies
See the daily minimum price of 1 kg gold by carats and currencies in GBP, as well as the daily maximum price and the daily average.
Last update: Jul 6, 2024, 2:21 PM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
70897.49 | 70109.79 | 70985.9 | 70855.56 | +0.84% | |
68837.27 | 68244.41 | 68915.72 | 68812.7 | +0.59% | |
76848.91 | 75982.45 | 76924.78 | 76778.73 | +0.96% | |
GBP | 59971.06 | 59366.63 | 60030.22 | 59931.37 | +0.77% |
AUD | 113712.28 | 112732.94 | 113841.87 | 113671.7 | +0.59% |
CAD | 104253.36 | 103355.48 | 104372.16 | 104216.14 | +0.59% |
CNY | 556463.96 | 551671.43 | 557098.12 | 556265.33 | +0.59% |
INR | 6393341.22 | 6338278.72 | 6400627.15 | 6391059.11 | +0.59% |
JPY | 12314301.14 | 12208244.52 | 12328334.66 | 12309905.53 | +0.59% |
What affects the price of gold per 1 kg in GBP?
The UK gold price per kg is determined by the principles of supply and demand, which are influenced by a wide array of macroeconomic and geopolitical factors.
The state of the global economy has an important role in determining the 1 kg gold price in GBP
When the economy weakens, investors often fear the value of their stocks and shares will fall as companies post losses. Because gold is considered a safe haven in times of economic uncertainty, gold demand tends to rise in these situations, so its price goes up.
- The gold price can be influenced by inflation data, interest rate changes, employment data and any other information that tells investors about the direction of the economy - especially in a global context.
- However, when the economy strengthens, gold may become more affordable as more people start investing in stocks and shares again.
The strength of the US Dollar has a direct impact on the UK gold price in GBP
USD has been the world's leading currency reserve since the Second World War. Because gold is mainly denominated in USD, exchange rates have a significant impact on the cost of gold in GBP and around the world.
- When USD weakens, investors in regions like Europe and Asia can afford to buy more gold, which can increase its price.
The role of geopolitics and supply constraints on the gold price in GBP
Although gold mining has risen in recent years, if there is a gold supply shortage in the future, the price of gold could go up. Geopolitical tensions, such as wars and political instability, can also increase the demand for gold because they create more economic uncertainty for investors.
How to buy gold in 1 kg bars in GBP
Our 1 kg gold bars are perfect for gold collectors, gold enthusiasts or anyone looking to buy this precious metal as a long-term investment Before you buy gold, always check the current price on our website, which reflects the latest market rate.
- Because gold has the potential to increase in value over time, it could be a suitable investment to pass onto the next generation
- Our 1 kg gold bars are pure investment-grade gold, designed by expert craftspeople.
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Frequently asked questions
Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
How is the 1 kg gold price in GBP determined?
The London Bullion Market Association (LBMA) is recognized worldwide for setting the gold pricing benchmark, conducting auctions to determine gold prices twice every day at 10:30 a.m. and 3:00 p.m.
How do we calculate the price of 1 kg of gold?
Gold's global market price is listed in US dollars per troy ounce, which means converting to different measures is necessary. For example, on March 5, 2024, the per troy ounce price of gold was $2,123.20. Therefore, the market value of 100 grams of gold, which translates to roughly 3.2 troy ounces, would be approximately $6794 (2123.20 x 3.2).
Why does the gold price in GBP change daily?
Various elements, such as the balance between market supply and demand, interest rate fluctuations, geopolitical conflicts, anticipated inflation rates, and the state of the US dollar, play significant roles in determining gold prices. All investors should keep a close eye on these trends and the USD-GBP exchange rate.
Who buys gold?
The main buyers of physical gold include central banks, manufacturers of jewellery, and private investors.
