As you may have heard in the news, gold prices have reached record highs – and they’ve doubled in value over the last five years.

Right now, gold is sitting at around £3,300–£3,400 per ounce. But because prices change daily, timing plays a huge role in how much you’ll actually get.

If you’ve got old jewellery, broken chains or unwanted gold sitting in a drawer, this could be the perfect moment to cash in, but only if you understand what your gold is really worth and how the process works.

Key Takeaways:

• How much gold is worth per gram in today’s market
• Why higher karat gold means higher payouts
• What’s driving record-high gold prices right now
• Why acting now could maximise the value of your gold
• How to get a fast, accurate valuation with zero guesswork

How Much is Gold Per Gram in the UK?

When working out how much gold is per gram, you need to know the purity, weight and current market rate to know the true value of your gold and get a fair and accurate price. 

Ultimately, the live market rate and purity of your items will determine what your gold is worth. If your gold is high karat, you’ll get a higher value per gram. Pure gold is denser, meaning higher karat gold will weigh more. Here’s a realistic look at the price of gold per gram based on recent market levels (March 2026): 

9ct – £28-£31

14ct – £40-48

18ct – £55-62

22ct – £65-£77

24ct – £75 – £80

Why Gold Prices Are so High Right Now

The price of gold today is currently sitting at historically high levels, which is driven by a mixture of global economic and political factors. 

• • Global uncertainty – Gold, for many years, has been a safe-haven asset. This is because of its reliability when it comes to holding value in challenging times. As gold is a tangible item, it is more trustworthy and offers more protection against things like inflation and currency devaluation. 
  • Doubt around the US Dollar – Gold and the US dollar have a closely linked, inverse relationship. Globally, gold is priced in US dollars, meaning any change in the strength of the dollar has a direct impact on gold prices. The US dollar has currently fallen to its lowest level since March 2022, meaning the price of gold has increased due to uncertainties around the currency. 

• Strong investor demand – Central banks drive gold prices higher; however, private investors also play a big role in the price of gold. Demand for physical gold has increased as more people want a tangible asset they can trust. As more investors move their money into gold, demand continues to rise, causing gold prices to increase. 

Is Now a Good Time to Sell Gold? 

There has never been a better time to sell your unwanted gold. As gold prices change daily, they could fall as quickly as they rise, so it is a great time to take advantage of the market whilst it’s strong. 

If you have old jewellery lying around or broken chains lying in a drawer, there’s a clear opportunity. These items could be worth more than you think, especially now. Selling now will allow you to maximise the value of your gold; waiting could lead to a drop in price. Turn your unwanted gold into instant cash today with Cash4Gold Direct. 

How to Check What Your Gold is Worth

Checking how much your gold is worth is simple. To get an initial idea, our online precious metals estimator will help provide an estimation of your gold items. The pricing is based on the market rates, which are updated regularly to make sure you get the best price. 

Following this, you can then order your free postage pack through our website, and we will send a free, fully insured pack straight to your door. 

Once you send your items to us, our team of experts will assess them using advanced XRF technology. This technology instantly tells the gold’s purity, what other metals are present and the exact composition of the item. This removes guesswork from the process and provides an accurate reading and fair valuation. 

Selling gold isn’t just about weight – it’s about timing, purity and choosing the right buyer.

With gold prices currently sitting at record highs, understanding how much your gold is worth per gram puts you in a much stronger position to make the right decision. Higher karat gold will always command a higher price, but ultimately it’s the live market rate, and when you choose to sell, that has the biggest impact on what you’ll receive.

If you’ve got unwanted jewellery, broken pieces or items you no longer wear, now is the time to turn them into cash – quickly, safely and with complete confidence.

At Cash4Gold Direct, we make the process simple and transparent. No hidden fees, no pressure – just a fast, professional valuation using advanced XRF technology and competitive offers based on live market prices.

Order your free, fully insured gold pack today and find out exactly what your gold is worth. You might be surprised at how much value is sitting in your drawer.