Gold and silver market news, explained simply for UK buyers.
8 November 2026Silver was near £39 a troy ounce (about £1.26 a gram) in Friday's US trading, edging up while gold fell, with the gold-silver ratio sitting around 78 as markets await US inflation data.
7 November 2026Gold fell on Friday to roughly £3,065 a troy ounce (about £98.50 a gram) after US payrolls beat forecasts, strengthening bets on a December Federal Reserve rate rise.
6 November 2026Silver was near £39 a troy ounce (about £1.26 a gram) after Thursday's session, slipping slightly even as gold rebounded, leaving the gold-silver ratio close to 79.
5 November 2026Gold rose about 3.5 per cent on Wednesday to roughly £3,078 a troy ounce (about £99 a gram) as the dollar and US yields fell after the midterm elections.
4 November 2026Silver was near £38 a troy ounce (about £1.22 a gram) on Tuesday after slipping, with the gold-silver ratio around 79 as US midterms and December rate hike bets keep metals volatile.
3 November 2026Gold bounced about 1.8 per cent on Monday to roughly £2,987 a troy ounce (about £96 a gram) after its worst month since 2008, helped by lower oil and a softer dollar.
2 November 2026Silver closed October around £37 a troy ounce (about £1.20 a gram) after falling roughly 18 per cent in the month, against about 7 per cent for gold, with the US midterms and jobs data due this week.
1 November 2026Gold finished the week around £2,934 a troy ounce (about £94 a gram), down 3.74 per cent and touching its weakest level in over a year, with most analysts expecting more weakness.
31 October 2026Silver fell about 6 per cent on Friday to roughly £37 a troy ounce (£1.19 a gram), an 11-month low, while gold dropped to near £2,940 as hot US inflation fuelled rate rise fears.
30 October 2026Silver was trading around £41 a troy ounce, about £1.31 a gram, only a little above its 2026 low, while the gold-silver ratio climbed to about 75.
29 October 2026Gold slipped to around £3,060 a troy ounce, about £98 a gram, after the Federal Reserve held rates 10-2 and left a December rate rise firmly in play.
28 October 2026Silver was trading around £41 a troy ounce, about £1.31 a gram, as the gold-silver ratio edged towards 75 ahead of today's Federal Reserve decision.
27 October 2026Gold dipped below $4,000 on Friday, a three-month low, and closed near £3,045 a troy ounce (about £98 a gram) as markets priced a likely December Fed rate rise.
26 October 2026Silver was trading around £41 a troy ounce, roughly £1.31 a gram, at the end of last week as the gold-silver ratio widened past 74 ahead of this week's Federal Reserve decision.
1 October 2026Gold was trading around £3,160 a troy ounce on Thursday, about £101.60 a gram, after cooler than expected US inflation data cut the odds of an October Fed rate rise, though Treasury yields at their highest since 2007 kept the rebound modest.
30 September 2026Silver was trading around £46.09 a troy ounce, or about £1.48 a gram, on Wednesday after a partial rebound from Monday's sharp fall, with US PCE inflation figures due later today.
29 September 2026Gold was trading around £3,113.70 a troy ounce on Tuesday, close to its lowest level since early August, after Monday's sharp sell-off as high oil prices and rising Treasury yields kept an October Fed rate rise firmly in view.
28 September 2026Silver dropped sharply on Monday to around £46.07 a troy ounce, or about £1.48 a gram, as the same oil-driven Fed rate hike fears that hit gold pushed silver down even further, widening the gold-silver ratio to roughly 69.
28 September 2026Gold fell close to 2 per cent as markets reopened on Monday, to around £3,185 a troy ounce, after higher oil prices revived bets on another US interest rate rise ahead of Wednesday's PCE inflation data.
27 September 2026Silver has eased to around £48.52 a troy ounce, down over the past month and year to date, even as forecasters see the 2026 global supply deficit widening despite solar panel makers cutting silver use per panel.
27 September 2026Gold is holding at Friday's close of around £3,235 a troy ounce this weekend, with Wednesday's US PCE inflation figures set to shape the odds of a Federal Reserve rate rise in October.
26 September 2026Silver is little changed at around £48.57 a troy ounce, but industry forecasters point to a persistent supply deficit and rising solar and EV demand that could push prices well beyond current levels into 2026.
26 September 2026Gold finished the week at around £3,235 a troy ounce, down more than 2 per cent over five days in dollar terms, as US Treasury yields at their highest since 2007 and a firmer dollar kept pressure on bullion.
25 September 2026Silver is steadying at around £48.67 a troy ounce after two days of losses, as a stronger dollar and US Treasury yields above 5 per cent keep pressure on precious metals ahead of a likely October Fed rate rise.
24 September 2026Gold slipped to around £3,218.75 a troy ounce today, down about 0.65 per cent, as major banks including Natixis and Goldman Sachs stick to much higher price targets of $4,500 to $5,000 an ounce by the end of 2026.
24 September 2026Silver fell 3.1 per cent to around £48.65 a troy ounce, more than twice gold's decline, as a stronger US dollar and rising Treasury yields weighed on both metals ahead of today's Trump-Xi meeting.
23 September 2026Gold is holding steady at around £3,258 a troy ounce today as record Chinese import demand offsets pressure from a hawkish Federal Reserve, with China's 2026 gold imports already topping 1,100 tonnes, more than the whole of 2025.
22 September 2026Silver eased to around £48.89 a troy ounce today, extending Monday's pullback after hawkish comments from Federal Reserve officials lifted bets on further US rate rises, while gold slipped to about £3,232 an ounce.
21 September 2026Gold has climbed back to around £3,258.91 a troy ounce, up 1.62 per cent over the week and more than 3 per cent above last week's low, as an early sell-off tied to the Fed's rate hike gives way to a recovery.
20 September 2026Silver ended the week at $66.13 an ounce, around £49.40, as falling oil prices eased inflation worries even after the Federal Reserve's quarter point rate rise to 3.75 to 4.00 per cent.
15 September 2026Gold slipped to around £3,176.56 a troy ounce today, its lowest level in more than a month, as markets price in a roughly 90 per cent chance of a Federal Reserve rate hike tomorrow.
14 September 2026Silver is trading at £50.88 a troy ounce today, well up on the month's low but still down over a fifth on the month, as both metals await the Federal Reserve's rate decision this Tuesday and Wednesday.
13 September 2026Gold and silver are holding at Friday's closing levels over the weekend, as is standard practice, with the Federal Reserve's interest rate decision this Tuesday and Wednesday set to be the week's key driver for both metals.
12 September 2026Silver eased to £47.673 a troy ounce today, well down on last week's levels, as UK buyers await the Federal Reserve's rate decision on 15 and 16 September, with analysts sharply divided on where the metal heads next.
11 September 2026Gold slipped back towards £3,250 a troy ounce after stronger than expected US producer price data revived expectations of a Federal Reserve interest rate rise, while silver held firmer near £51.69.
10 September 2026Silver slipped to £50.26 a troy ounce today as Federal Reserve rate-hike expectations weigh on the metal, even as the gold-silver ratio and a persistent supply deficit point to tighter conditions ahead.
9 September 2026Gold is holding near £3,250 an ounce as traders weigh a possible Federal Reserve rate rise against Middle East tensions that are pushing up oil prices and inflation worries.
8 September 2026Silver rose 1.45 per cent to £51.69 per ounce today as escalating US-Iran tensions and rising oil prices drove investors towards precious metals. The white metal's gain reflects renewed safe-haven buying offsetting earlier concerns about industrial demand.
7 September 2026Gold traded near £3,307 per ounce this week, supported by ongoing central bank accumulation and geopolitical uncertainty, whilst silver stumbled on stronger US dollar and rising Federal Reserve rate-hike expectations.
6 September 2026Global central banks accelerated gold purchases to 100 tonnes per month in June 2026. Poland emerged as the largest buyer, adding over 20 tonnes as NATO's eastern members bolster reserves against geopolitical risks.
30 August 2026Silver tumbled from two-month highs near £52 to around £49 per ounce on Friday after Federal Reserve Chair Kevin Warsh struck a hawkish tone at Jackson Hole, raising expectations for a September rate hike from 35 per cent to nearly 58 per cent.
29 August 2026Silver reached two-month highs near $70 per ounce (approximately £49.50) this week as Jackson Hole signals from the Federal Reserve raise expectations for interest rate cuts in the coming months.
27 August 2026Gold has surged 10 per cent this month to reach £3,220 per ounce, driven by softer US economic data and fading interest rate hike expectations. Central banks have added record quantities of bullion in 2026.
24 August 2026Silver traded around £48.80 per ounce on Sunday as monetary easing expectations drove precious metals higher, even as photovoltaic demand declines 19 per cent this year due to new manufacturing technology.
23 August 2026China's central bank added 20 tonnes of gold in July, extending its 21-month buying spree. Global central banks acquired a record 289 tonnes in Q2 2026 as geopolitical concerns drive diversification away from dollar reserves.
22 August 2026Silver climbed past £49 per ounce on Friday as concerns over US fiscal sustainability and lower bond yields drove investors to precious metals. Gold also surged to a four-month high near £3,240.
21 August 2026With gold reaching £3,250 per ounce on strong rate-cut expectations, the Jackson Hole economic symposium this week could cement the path to easing.
16 August 2026Silver trades at £48-50 per ounce but faces a 20 per cent VAT burden for UK investors, unlike VAT-exempt gold. With the Bank of England set to cut rates by September, precious metals gain support, yet silver's all-in cost remains a critical consideration.
15 August 2026Gold surged to £3,233.40 per ounce today, capping its best month since January with a 10 per cent gain. Central banks purchased a record 288.9 tonnes in the second quarter, supporting prices alongside persistent rate-cut expectations.
12 August 2026Silver retreated to around £48.32 per ounce on Wednesday as dollar strength and elevated inflation expectations overrode initial safe-haven demand triggered by escalating Strait of Hormuz tensions.
11 August 2026Silver climbed to a seven-week high around £48.74 per ounce on Monday, gaining 7 per cent as weak US payrolls reduced Fed rate-hike expectations and Chinese imports of silver-bearing ores surged 62.5 per cent annually.
10 August 2026Gold consolidated above £3,200 per ounce on Monday as expectations of rate cuts from both the Federal Reserve and Bank of England provide steady support. The metal pulled back modestly from Friday's spike to £3,221.
9 August 2026Gold reached £3,221.30 per ounce on Friday, gaining £220 over the week as weak US employment data shifted market expectations sharply towards Federal Reserve rate cuts. The metal is now up 7.35 per cent for the week.
9 August 2026Silver climbed to its highest level in six weeks, reaching over £47 per ounce, after weak US employment data prompted traders to cut odds of a Federal Reserve rate rise. The metal gained 4 per cent in dollar terms.
6 August 2026Silver climbed to around $63 per troy ounce, roughly £46.70 in sterling, as the Iran-Oman Strait of Hormuz agreement eased geopolitical tensions and AI infrastructure investment drove industrial demand. The metal is up nearly 6 per cent for the week.
5 August 2026Gold rose to around £3,037 per ounce on Tuesday as the US dollar index dipped below 100 and 10-year real yields contracted. Silver also advanced, trading near £43.15, supported by the same headwinds facing the greenback.
4 August 2026Silver rose 0.81% to around £43.15 per ounce as a softer US dollar and easing Iran tensions supported both metals. Gold climbed more modestly to £3,023, widening the gold to silver ratio from recent lows.
3 August 2026Gold climbed above $4,050 an ounce (about £3,016) after President Trump said US-Iran peace talks will resume, while silver added over 1 per cent to trade near £43.25 an ounce.
2 August 2026Silver traded near £42.80 an ounce and gold near £3,002 an ounce today, pushing the gold to silver ratio to around 70:1 as both metals ease from a hawkish Federal Reserve hold.
1 August 2026Gold opened Friday at £3,047.54 an ounce, up just 0.19 per cent on the week, as traders priced in a possible Federal Reserve rate rise in September. Silver fared better near $59 an ounce, roughly £44.
31 July 2026Silver traded at about $59.86 an ounce, roughly £45, as solar, EV and semiconductor demand outpaced mine supply. Gold was quoted at £3,101.16 an ounce, putting the gold to silver ratio near 69.
30 July 2026Gold is trading around £3,044 per ounce after the Federal Reserve left interest rates at 3.50 to 3.75 per cent, with three dissenting votes and talk of possible future rises limiting the upside.
28 July 2026Silver is trading near £43.50 per ounce as markets await the Federal Reserve's decision tomorrow, with uncertainty about interest rates offset by long-term industrial demand from data centres and renewable energy.
27 July 2026Gold has risen to around £3,041 per ounce this week as markets reconsider Federal Reserve rate policy. Middle East tensions support safe-haven demand, though higher bond yields remain a headwind.
26 July 2026Silver approached $60 per troy ounce this week, roughly £44.50, as industrial demand from AI data centres and renewable energy projects drives supply deficits. The Silver Institute projects a sixth consecutive annual shortfall of 46.3 million ounces.
24 July 2026Silver climbed 1.98% to $58.40 per troy ounce, roughly £43.40, as Middle East escalation drove oil past £100 a barrel. Trump threatened major military punishment after Houthi attacks on Saudi tankers in the Red Sea.
23 July 2026Silver retreated to around £44 per troy ounce on Thursday as traders locked in gains from a three-day geopolitical rally. Gold also pulled back, but silver's longer supply deficit story remains intact.
22 July 2026Gold is trading near £2,990 an ounce as firm safe haven demand meets high US bond yields, with the Federal Reserve widely expected to hold rates next week. Silver stays the livelier metal after a 4 percent jump.
21 July 2026Silver climbed nearly 5% on Tuesday to about $59 per ounce, roughly £44, as hopes of a pause in the US-Iran conflict eased inflation and rate-rise fears. Gold edged up to just under £3,000.
20 July 2026Silver rose about 1.5% on Monday to roughly £42 per troy ounce while gold slipped below £3,000, leaving the gold to silver ratio near 70:1. Forecasters still expect higher silver prices in 2026, though recent months show how volatile the metal can be.
19 July 2026Gold has fallen to about £2,950 per troy ounce, down some £270 from a month ago, as US military strikes on Iran pushed oil prices higher and revived fears of another Federal Reserve rate rise. The pattern surprises many first-time buyers: a geopolitical crisis has pressed the metal lower rather than higher.
18 July 2026Silver has pulled back to around £42 per ounce this month, down from £45.68 at the start of July, as solar panel manufacturers reduce the silver in each module. Despite the dip, analysts expect 2026 to mark a sixth consecutive annual supply deficit.
17 July 2026Gold is on course for its first weekly rise in about a month, holding near £3,020 an ounce, helped by softer US inflation, easing bets on a Fed rate rise and steady central bank buying.