By Rocco Clayfield, trading as GoldPaid; the business incorporated as GOLDPAID LTD (company 17382540) on 5 August 2026 · Published · updated
Got the piece in front of you? Get a figure for it
Send a photo of the piece and any stamp on WhatsApp. We will reply with a rough estimate for it. No obligation, and nothing needs posting.
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Not sure what the mark says? Use the hallmark lookup. Final offers depend on inspection, item weight, purity, hallmarks, stones, non-gold components, condition and the live precious-metal market.
The headline figures
On the morning of 2 June 2026, the UK gold price was about £3,360 per troy ounce (live spot, indicative). The published World Bank monthly averages are £3,533 for January 2026, £3,696 for February (the recent peak) and £3,640 for March. Daily prices since March have drifted lower into early June.
For sellers, the per-gram pure (24ct) translation of £3,360/oz is roughly £108/g. GoldPaid does not publish a public buying rate; a firm offer follows an XRF assay and is priced against the live precious-metal market on the day your parcel is examined.
What has actually changed
The April 2026 World Bank Commodity Markets Outlook reported that the precious-metals price index fell 2.7% in the month while energy prices rose 12%. The Bank’s analysis suggests the long bull run in gold and silver since late 2025 is meeting a ceiling, not collapsing. It is a pullback off an unusually high spring peak, not a rout.
Three drivers are doing most of the work. The first is the real interest-rate path: as central-bank rates priced in firmer-for-longer language during May, the opportunity cost of holding non-yielding gold rose. The second is the dollar: sterling firmed modestly into June, which lowers headline GBP gold prices on the same dollar-denominated metal. The third is profit-taking after a roughly 47% rise in GBP terms over the ten months from May 2025 to March 2026, which is a logical place for funds to take chips off the table.
What it means for sellers
Two things are honestly true at once. First, prices are still close to all-time highs in GBP: £3,360 is below the February peak but well above the £2,477 spot of May 2025, where this most recent rally started. A sale in June 2026 still clears materially more pounds than the same items would have done a year ago.
Second, no one, including us, can reliably predict the next move. The World Bank’s view is that prices may retreat further into 2027; private analysts disagree, and the market’s job is to disagree with both. The practical answer is: take an indicative figure today, weigh it against your reason for selling, and decide. Waiting for the top is a strategy that only ever looks obvious in hindsight.
What we are doing on our side
GoldPaid does not publish a public buying rate. Final offers are set after an XRF assay against the live precious-metal market on the day the parcel arrives, not against last week’s spot. That is the whole point of the postal model: you see a written, dated valuation on real numbers before you decide.