Gold in the UK: Shiny Prices, Witty Insights & a Golden Jump

Gold has always held a special place in British hearts - whether it’s a wedding ring, the Bank of England’s vaults, or that one coin your nan swore would be worth a fortune. In 2025, gold isn’t just a family heirloom - it’s a financial powerhouse.

So what’s going on with the price of gold in the UK right now? And why are investors as giddy as a Brit in a sunny beer garden? What's the best kind of Gold and Silver to win?

Let’s dive into the glittering details, with a good dose of fun facts along the way.

What’s the Price of Gold in the UK Right Now?

As of 5 August 2025, the price of gold in GBP is sitting pretty around £2,640 per ounce. That’s up from about £2,590 per ounce in early June - a tidy increase of £50 in just two months.

That’s enough of a bump to treat yourself to:

• A nice meal out (with wine)

• 25 Pret coffees

• A handful of tickets in our next prize giveaways

• Or... half a tank of petrol (probably)

Why is Gold on the Rise?

1. Inflation is Still Lurking

UK inflation hasn’t exactly vanished - your weekly shop still costs more than it should. Investors are using gold as a hedge (a fancy way of saying "safe place") against the pound losing power.

2. Rate Cuts on the Horizon

The Bank of England might finally start cutting interest rates. And while that’s great for borrowers, it tends to boost gold prices - because suddenly, gold's lack of interest doesn't feel so bad.

3. Geopolitical Wobbles

From trade tensions to wars and elections gone wild, the world’s still a bit wobbly. And when things get shaky, gold shines.

Fun Facts to Drop at Dinner Parties

• Gold never rusts. Literally. It's the cockroach of precious metals - indestructible and always in style.

• If you had bought one ounce of gold in 1975, it would’ve cost you £55. Today, that same ounce is worth over £2,600. That’s better growth than most London flats.

• The Bank of England stores over 400,000 gold bars in its underground vaults. That’s about £200 billion worth of shiny stuff sitting under Threadneedle Street.

Two-Month Gold Price Recap (in GBP)

Not exactly enough to retire on - but it’s solid, steady growth. And for gold, that’s the name of the game.

Should You Invest in Gold in the UK?

Thinking of adding a bit of bullion to your portfolio? Gold is a strong option if you:

• Want a hedge against inflation or a wobbly pound

• Are after a long-term, stable asset

• Enjoy the idea of something shiny in a safe

You can invest through ETFs, buy physical gold, or even squirrel away some sovereign coins. Just don't expect it to double overnight - it’s a marathon, not a sprint.

Final Thoughts: All That Glitters Might Be Gold

Gold's recent rise in the UK - up £50 in two months-isn’t a meteoric leap, but it’s a reliable signal. As the economy stumbles toward uncertainty, gold is still the trusty old friend who never flakes.

Whether you're a serious investor or just love shiny things, it's worth keeping an eye on the market. You never know when your nan’s old coin might actually pay for a holiday.

This is why joining our gold and silver raffles on the Fifty20 website could not only be exciting and entertaining, but also an investment. As the longer you hang on to the gold you could be winning the more likely the value of it is going to increase.

Our most recent comp the “£15K Gold & Silver Dash” is no ordinary raffle. With a prize pool worth over £15,000 and a unique mix of instant rewards and a grand finale draw, every entry offers a moment of suspense.

From gleaming gold bars to stunning silver coins, plus generous cash payouts and site credit, this competition delivers excitement from the very first ticket check. Even better — you’ll know straight away if you’ve already secured a prize, with the final jackpot still to come at the end of the game.