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Scrap Gold UK maintain a gold price update (Monday to Friday excluding UK Bank Holidays) to ensure our daily UK Gold Price reflects the real time London Bullion Market Association gold price fix.
We believe our Scrap Gold buying price is one of the most open and transparent in the industry. Because our pricing structure is directly linked to the real time UK Gold Price our buying price will always track the current price.
Our customers receive a market leading 97% of the actual UK Gold Price at the time that we test and value your gold package.
Don''t forget, if you' not 100% satisfied with the price we offer for your gold, we'll send it straight back. We do reserve the right to charge a return postage fee to cover the cost of posting and insuring your items.
Our Gold Price updates are based on UK GBP Sterling (£) Currency.
ICE Benchmark Administration (IBA) took over supervision of the gold price setting process for LBMA in 2015 and also took over the process for silver in 2017. The process is basically an online auction between leading global institutions and banks that produces a gold price in $USD twice on every day that the London market operates. Prices are set at 10.30 am and again at 3.00pm to coincide with markets opening in the US.
You can get a guide price for your old, unwanted and scrap gold and other precious metals by using our Scrap Gold Calculator.