22K — Gold price in United Kingdom

Rules and sources

Under Schedule 2 of the UK Hallmarking Act 1973, the approved gold standards are 375, 585, 750, 916.6, 990 and 999, and the assay office marks are a leopard's head (London), a castle (Edinburgh), an anchor (Birmingham) and a rose (Sheffield). Hallmarking Act 1973, Schedule 2: Approved hallmarks, checked 2026-10-13

Schedule 1 of the Hallmarking Act 1973 lists exempted articles, among them an article containing gold of minimum fineness in which the total weight of the metal is less than 1 gram, with exceptions such as an article that also contains platinum of minimum fineness. Hallmarking Act 1973, Schedule 1: Exempted articles, checked 2026-10-13

In the UK, investment gold is exempt from VAT, subject to an option to tax. It covers gold bars or wafers of a purity not less than 995 thousandths in a weight accepted by the bullion markets, and certain gold coins minted after 1800 of a purity not less than 900 thousandths. HMRC: Gold imports and exports (VAT Notice 701/21), checked 2026-10-13

HMRC treats Sovereigns minted in 1837 and later and Britannia gold coins as sterling currency, which is exempt from Capital Gains Tax; gold coins that are currency but not sterling, such as Krugerrands, are chargeable assets. HMRC Capital Gains Manual CG78305: Foreign currency, checked 2026-10-13

The LBMA Gold Price is administered independently by ICE Benchmark Administration (IBA), which provides the auction platform on which it is calculated; LBMA owns the intellectual property rights. LBMA: LBMA Gold Price, checked 2026-10-13