Gold Price Per Ounce In Pound Sterling
Gold Price Per Ounce In Pound Sterling - Gold Price
Gold price in United Kingdom in Pound Sterling(GBP) per ounce is a free service provided by Gold Price OZ website, where shows current gold price(including bid price and ask price) and gold price history chart(London gold fixing price). Gold price in United Kingdom per ounce today is being updated once every 1 minutes.
Gold Price Per Ounce
=
1578.67 Pound Sterling
Bid Price: £1578.67
Ask Price: £1579.47
Day's Range: £1556.35 - £1583.18
Prices Updated: May 30, 2023 at 17:40 NY Time
Gold Price In United Kingdom Per Ounce Charts
Gold Price Per Ounce In Pound Sterling
| Ounce | Pound Sterling | Pound Sterling | Ounce |
|---|---|---|---|
| 1 Ounce = | 1578.67 GBP | 1 GBP = | 0.00063 Ounce |
| 2 Ounce = | 3157.33 GBP | 2 GBP = | 0.00127 Ounce |
| 5 Ounce = | 7893.33 GBP | 5 GBP = | 0.00317 Ounce |
| 10 Ounce = | 15786.67 GBP | 10 GBP = | 0.00633 Ounce |
| 20 Ounce = | 31573.34 GBP | 20 GBP = | 0.01267 Ounce |
| 25 Ounce = | 39466.67 GBP | 25 GBP = | 0.01584 Ounce |
| 50 Ounce = | 78933.34 GBP | 50 GBP = | 0.03167 Ounce |
| 100 Ounce = | 157866.68 GBP | 100 GBP = | 0.06334 Ounce |
| 1000 Ounce = | 1578666.79 GBP | 1000 GBP = | 0.63345 Ounce |
London Gold and Silver market
London gold market or London Bullion Market is by far the largest global centre for OTC transactions, followed by New York, Zurich, and Tokyo. It owns a long history for gold and silver trading. In 1804, London replaced Amsterdam as the center of world gold trading. In 1919, the London gold market was officially established, twice fixing gold price in a business day. So far, the London fixing price affects trading in New York and Hong Kong. In 1982, the London gold market specializes in spot trading; in April 1982 futures market opened.
The gold trading is among members of the London Bullion Market Association (LBMA) , loosely overseen by the Bank of England. Unlike other gold markets, it is entirely inaccessible to individuals and retail trade, the minimum amount of gold traded (per single transaction) is 1000 oz. London gold priced is in U.S. dollars, using the unit of ounces that is equal to 31.1034768 grams. Gold offer is mainly based on the gold spot price in the London market. Its gold fineness standard are 995, 9995 and 9999 three kinds.
Trading hours: round the clock.
London spot price fixing: 10:30 am and 3 pm each business day in USD, GBP, and EUR.
