Track gold and silver in GBP
Short answer: metal is priced in US dollars per troy ounce. To see it in the pound sterling (GBP), multiply by the exchange rate; to see it per gram, divide the ounce price by 31.1035. BullionKeeper does both for every holding.
How it works in the United Kingdom
UK buyers usually see prices per troy ounce or per gram in pounds, and many coins are priced individually.
A worked example
Spot: 2,000 US dollars per troy ounce (round number)
Illustrative rate: 1 USD = 0.8 GBP
Price per ounce: 2,000 × 0.8 = 1,600.00 GBP
Price per gram: 1,600.00 ÷ 31.1035 = 51.44 GBP
For other prices, use the price per gram calculator.
Why the exchange rate matters to your gain
If you pay in GBP, your value moves with both the metal price and the exchange rate. A flat metal price can still change your GBP value if the currency moves, so record what you paid in GBP and track your gain in the same currency. See how exchange rates affect bullion purchases.
Questions
Are British gold coins treated differently for tax?+
Some UK legal tender gold coins have had special capital gains treatment, but rules change and depend on the coin. Check current guidance or ask an adviser.
Can BullionKeeper show my holdings in GBP?+
Yes. Spot prices are available in more than 50 currencies including the pound sterling, so your portfolio value, cost and gain can be shown in GBP.
Are the example numbers real prices?+
No. They use a round price of 2,000 US dollars per ounce and an illustrative exchange rate, to show the arithmetic only.