Goldpreis in British Pounds (GBP) Heute

London is the undisputed capital of global gold trading, and the British pound has a centuries-old relationship with the precious metal. The London Bullion Market Association (LBMA) administers the gold price fixing that sets the global benchmark twice daily, and the London gold vaults — operated by HSBC, JP Morgan, ICBC Standard Bank, Brink's, Malca-Amit, and Loomis — hold approximately 8,500 tonnes of gold worth over $500 billion. The Royal Mint, established in 886 AD, produces the Sovereign and Britannia gold coins that are among the most widely recognized bullion products in the world. For UK investors, gold Sovereigns and Britannias carry a unique advantage: as legal tender coins issued by the Royal Mint, they are completely exempt from Capital Gains Tax (CGT), regardless of the profit made. This makes them the most tax-efficient way to hold physical gold in the United Kingdom. Investment gold in the UK is also VAT-free, aligning with the EU directive that the UK adopted and retained post-Brexit. The Bank of England holds 310 tonnes of its own gold reserves and acts as custodian for approximately 400,000 bars (roughly 5,000 tonnes) belonging to other central banks and commercial institutions.

Investment gold is VAT-free in the UK — this applies to bars of 99.5%+ purity and qualifying coins. Gold Sovereign and Britannia coins are exempt from Capital Gains Tax because they are UK legal tender, making them the most tax-efficient gold investment available to British residents. Other gold bars and coins are subject to CGT at 10% (basic rate) or 20% (higher rate) on gains exceeding the annual CGT allowance (£3,000 as of 2024/25). Gold held within a Self-Invested Personal Pension (SIPP) can grow tax-free, though only LBMA-approved bars and certain coins qualify. Inherited gold is subject to Inheritance Tax if the estate exceeds £325,000.

The London OTC gold market is the world's largest, with daily clearing volumes typically exceeding $30 billion through LBMA member banks. The LBMA Gold Price, administered by ICE Benchmark Administration, is fixed at 10:30 AM and 3:00 PM London time and serves as the reference price for gold contracts worldwide. The Royal Mint's bullion division sells directly to retail investors and operates a vault storage service called The Vault. Major UK bullion dealers include BullionVault (which operates vaults in London, Zurich, and elsewhere), The Royal Mint, Baird & Co. (London's only LBMA-accredited refiner), and numerous high-street dealers in Hatton Garden — London's traditional jewelry and bullion quarter. The Bank of England's gold vault, several stories below Threadneedle Street, is one of the largest in the world and provides custodial services that underpin the London market's liquidity.