Gold Spot Price (gold/GBP)
£3,849.48
per troy ounce
Gold & Silver
1 oz
£3,849.48
1 gr
£123.76
1 kg
£123,763.50
Prev Close
£3,838.70
Open
£3,849.48
Day High
£3,863.88
Day Low
£3,780.46
1 oz
£62.65
1 gr
£2.01
1 kg
£2,014.23
Prev Close
£62.38
Open
£62.65
Day High
£63.45
Day Low
£61.00
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: £3,849.48/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | £3,849.48 | +£10.78 | +0.28% | |
| 1 Week | £3,932.97 | -£83.50 | -2.12% | |
| 1 Month | £3,718.37 | +£131.10 | +3.53% | |
| 3 Months | £3,168.21 | +£681.27 | +21.50% | |
| 6 Months | £2,693.09 | +£1,156.39 | +42.94% | |
| 1 Year | £2,185.27 | +£1,664.21 | +76.16% | |
| Since 2026 | £3,256.73 | +£592.75 | +18.20% | |
| Since 2025 | £1,992.92 | +£1,856.56 | +93.16% | |
| Since 2024 | £1,548.19 | +£2,301.29 | +148.64% | |
| Since 2023 | £1,378.47 | +£2,471.01 | +179.26% | |
| Since 2022 | £1,344.12 | +£2,505.36 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | £3,849.48 | £3,838.70 | £3,863.88 | £3,780.46 | Today +10.78 (+0.28%) |
Silver (XAG) | £62.65 | £62.38 | £63.45 | £61.00 | Today +0.27 (+0.43%) |