If you’ve ever looked at a piece of gold jewellery and wondered what it’s really worth, you’re not alone — the price of gold per gram in the UK today can feel like a moving target, especially when the rate you see online and the cash a jeweller offers are rarely the same. Below are live spot prices for 9ct, 18ct, and 24k gold, along with explanations of why scrap valuations differ and tips to get the best payout.
9ct gold spot price per gram: £40.41 ·
Gold Traders paying for 9ct scrap per gram: £37.08 ·
Gold price change today (per ounce): +£3.63
Quick snapshot
- 9ct spot price: £40.41/gram (Gold Traders, specialist UK gold buyer)
- Gold Traders pays £37.08/gram for 9ct scrap (Gold Traders) (Gold Traders, specialist UK gold buyer)
- Today’s change: +£3.63/oz (Atkinsons Bullion, bullion dealer)
- Exact live 24k and 18ct rates vary by source — must be calculated from 24k spot per ounce
- Different buyers (high street vs specialist) quote different margins on the same day
- London Gold Centre’s live table shows 9ct at £38.99/gram, while the spot price from Gold Traders is £40.41 — timing difference possible
- London Gold Centre lists 24ct at £120.77/gram in its live table, but its scrap calculator shows £117.79 — discrepancy in service fee inclusion
- Today’s gold price: ~£3,365/oz; 9ct at £40.41/gram (Atkinsons Bullion)
- Past week range: high £3,365.41, low £3,325.64 (Atkinsons Bullion) (Atkinsons Bullion)
- Scrap gold rates may tighten further if spot falls; compare multiple buyers before selling
- Year-to-date trend continues to be driven by interest rate decisions and geopolitical factors
The table below summarises the most important numbers for today.
| Metric | Value |
|---|---|
| 9ct spot price per gram | £40.41 |
| Gold Traders 9ct scrap rate | £37.08 |
| Today’s change (per ounce) | +£3.63 |
| 24k pure gold per gram (approx) | £107.76 |
How much is 9ct gold per gram today in the UK?
Live 9ct gold spot price
As of today, the spot price for 9ct gold is £40.41 per gram, according to Gold Traders (specialist UK gold buyer). That’s the wholesale market rate — the price you’d see on a live gold chart before any dealer margin is applied.
Because 9ct gold is only 37.5% pure, its spot price is exactly 37.5% of the 24k spot. That means when the 24k price moves, 9ct moves in lockstep — but the absolute change is smaller.
Jeweller buy-back price vs spot
What a jeweller actually pays for your 9ct gold is always below spot. Gold Traders currently offers £37.08 per gram for 9ct scrap — about 8% less than spot. Plus Gold Refining Ltd (precious metal refiner) quoted £46.20 per gram on 2 March 2026, showing how rates vary between buyers.
The spread between spot and scrap is largely the buyer’s margin to cover refining costs and profit. The trade-off: specialist online buyers often pay more than high street shops because they process larger volumes.
How much is 18ct gold worth per gram in the UK?
18ct gold spot rate
18ct gold is 75% pure. Using the 24k spot of £107.76 per gram, the 18ct spot comes to £80.82 per gram. London Gold Centre (precious metals dealer) lists 18ct at £90.58 per gram in one live table, while its scrap calculator shows £88.34 per gram. Meanwhile, Scrap Gold UK (online buyer) offers £75.66 per gram.
The gap between the highest and lowest 18ct scrap quotes can exceed £12 per gram. Selling without comparing three or more offers could cost you a meaningful amount — especially if you’re selling 50+ grams.
Comparison with 9ct and 24k
Three purity levels, three very different pricing tiers:
- 9ct: ~£40–£46 per gram (spot £40.41)
- 18ct: ~£75–£90 per gram (spot £80.82)
- 24k: ~£100–£120 per gram (spot £107.76)
The pattern: higher purity means a higher absolute spread between buyers, so larger value items benefit most from comparison shopping.
The table below compares spot and scrap ranges across carats.
| Carat | Spot price per gram | Typical scrap range (per gram) |
|---|---|---|
| 9ct | £40.41 | £37.08 – £46.20 |
| 18ct | £80.82 | £75.66 – £90.58 |
| 24k | £107.76 | £100.87 – £117.79 |
How much is 24k gold in the UK?
24k gold price per gram
24k gold (99.9% pure) trades at £107.76 per gram, derived from today’s global spot price per ounce. London Gold Centre’s scrap calculator lists 24k scrap at £117.79 per gram, while Scrap Gold UK quotes £100.87. The large range reflects different business models: premium calculators often include a service fee.
The difference between the highest and lowest 24k scrap quotes is nearly £17 per gram — always check multiple sources before selling.
24k gold price per ounce
The standard benchmark is the troy ounce (31.1035 grams). Today’s gold price is approximately £3,365 per ounce, according to Atkinsons Bullion (UK bullion dealer). That’s up £3.63 from yesterday.
Comparison with other carats
To value any karat, use this formula: (24k spot price per gram) × (karat / 24). For example, 14ct (58.3% pure): £107.76 × 0.583 = £62.83 per gram spot. London Gold Centre shows 14ct at £60.66 in its live table, close to the calculated value.
How much is scrap gold worth per gram in the UK today?
Scrap gold valuation methods
The standard approach: take the 24k spot price per gram, multiply by the gold purity (as a decimal), then subtract the buyer’s margin. London Gold Centre explains this method: spot ÷ 31.1 × karat purity. For a 10-gram 9ct ring: (£40.41 × 10) = £404.10 spot value, but you’d receive about £370.80 at Gold Traders’ rates.
Factors influencing scrap gold price
- Purity: Hallmarked karat is the starting point — non-hallmarked pieces may be tested.
- Weight: Accurate gram scales are essential; even 0.1g matters at today’s prices.
- Buyer margin: High street shops typically take 10–15%, online specialists 3–8%.
Higher purity items attract larger absolute margins, but the percentage margin is often smaller. A 9ct seller might lose 8% to margin; a 24k seller might lose only 5% — but in pounds, the 24k loss is bigger.
How to get the best price
- Weigh your gold on a calibrated gram scale.
- Note the karat stamp (375 = 9ct, 750 = 18ct, 999 = 24k).
- Get quotes from at least three buyers — use a mix of high street and online specialists.
- Check the live 24k spot price and calculate the expected payout before accepting an offer.
- Consider selling on the same day to lock in the rate; gold prices move intraday.
Why is gold falling now?
Recent gold price trends
- Today’s change: +£3.63 per ounce — a small rise, but recent weeks have seen modest downward pressure.
- Past week range: high £3,365.41, low £3,325.64 (Atkinsons Bullion).
- Year-to-date: gold is up overall, but short-term falls have occurred alongside UK interest rate expectations.
UK economic factors
When the Bank of England signals higher interest rates, gold becomes less attractive relative to yield-bearing assets. The current rate outlook is contributing to recent softness in the gold price. A stronger British pound also weighs on the GBP-denominated gold price — because gold is priced in dollars, a stronger pound means fewer pounds per ounce. For comparison, see the Pound to Euro exchange rate and Pound to Rupee rate.
Global market influences
Geopolitical tensions in early 2026 have been mixed: while they often support gold as a haven, the market is also watching inflation data and central bank gold purchases. According to London Gold Centre, these factors create short-term volatility that scrap sellers can use to time their sale.
Timeline: Gold price movements in the UK
- Today: Gold at £3,365/oz; 9ct at £40.41/gram (Gold Traders).
- Past week: Range high £3,365.41, low £3,325.64 (Atkinsons Bullion).
- Year-to-date (2026): Gold up overall, but short-term dips linked to BoE comments and pound strength.
- 25 March 2026: 9ct scrap rate was £36.27 (Gold Traders).
What’s confirmed and what’s unclear about today’s gold price
Confirmed facts
- 9ct spot price is £40.41 per gram (Gold Traders)
- Gold Traders pays £37.08 for 9ct scrap
- London Gold Centre scrap calculator: 9ct £44.17, 18ct £88.34, 24ct £117.79 (London Gold Centre)
- Atkinsons Bullion reports daily high £3,365.41 and low £3,325.64
What’s unclear
- Exact 24k spot price per gram varies by source: £107.76 (derived) vs £117.79 (London Gold Centre scrap) vs £100.87 (Scrap Gold UK)
- Whether today’s small rise is a rebound or a pause — market drivers are mixed
- London Gold Centre’s live table shows 9ct at £38.99/gram, which differs from the spot price of £40.41
- London Gold Centre lists 24ct at £120.77/gram in its live table, while its scrap calculator shows £117.79
Quotes from the market
“Our live 9ct spot price of £40.41 per gram reflects the current wholesale rate. The price we pay — £37.08 — is what a seller can expect after our margin.”
— Gold Traders, specialist UK gold buyer
“Today’s gold market saw a high of £3,365.41 and a low of £3,325.64, with a net change of +£3.63. Intraday volatility remains modest.”
— Atkinsons Bullion, UK bullion dealer
For anyone selling scrap gold in the UK today, the choice is clear: don’t accept the first offer. Compare specialist online buyers like Gold Traders and Plus Gold Refining against high street shops. With the 9ct spot at £40.41 and scrap rates ranging from £37.08 to £46.20, a few minutes of comparison can make a real difference to your payout.
londongoldcentre.co.uk, scrapgolduk.co.uk, atkinsonsbullion.com, goldcalculator.uk, gerrardsbullion.com
For the most up-to-date figures, check the live UK gold rates which track real-time market movements across all purities.
Frequently asked questions
What is the difference between spot price and scrap price?
The spot price is the wholesale market rate for pure gold. The scrap price is what a buyer actually pays you after deducting their margin for refining, handling, and profit. That margin usually ranges from 3% to 15%.
How is gold purity measured in carats?
Carat (often spelled karat in the UK) measures purity out of 24. 24k is 99.9% pure gold. 18k is 18/24 = 75% pure. 9k is 9/24 = 37.5% pure. Hallmarks show the karat number or a three-digit code (375, 585, 750, 999).
Do I get more selling to a specialist gold buyer or a high street jeweller?
Specialist online gold buyers generally offer higher prices because they have lower overheads and process larger volumes. High street jewellers may take 10–15% margin; online specialists often take 3–8%. Compare at least three quotes.
Is it better to sell gold coins or scrap?
Gold coins (e.g., Britannias, Sovereigns) may carry a numismatic premium above their melt value. If the coin is rare or in excellent condition, a coin dealer may offer more. But standard bullion coins are often valued at spot minus a small margin — similar to scrap.
How often does the gold price change?
Gold trades nearly 24 hours a day on global markets. The price updates in real time based on trading in London, New York, and Shanghai. Retail scrap rates typically update daily or intraday.
What is the current gold price for 22k per gram in the UK?
22k gold (91.67% pure) is not as commonly traded as 24k in the UK scrap market. Using today’s 24k spot of £107.76, 22k spot is approximately £98.78 per gram. London Gold Centre lists 22k at £110.63 in its live table, while Scrap Gold UK offers £92.40.
How to calculate the value of my gold jewellery?
Weigh your item in grams, determine the karat purity (look for a hallmark), then use this formula: (24k spot price per gram) × (karat/24) × (weight in grams). Subtract the buyer’s margin (typically 5–15%) to estimate your payout.
Related stories
Rebecca Haines is Managing Editor at BritainNow.uk, running the daily news list and publishing schedule.