United Kingdom · GBP · Thursday, July 8, 1993
Gold Price in United Kingdom — July 8, 1993
On July 8, 1993, gold in United Kingdom closed at approximately £264 per troy ounce — about £99 per tola or £9 per gram. The figure is computed from the verified international XAU/USD spot price ($395.20/oz) × the day's GBP/USD exchange rate.
GBP / Troy Ounce
£264
31.1035 g
GBP / Gram
£9
1 g
GBP / Tola
£99
11.664 g
All unit prices on July 8, 1993 — United Kingdom
| Unit | Weight | GBP price |
|---|---|---|
| Troy ounce | 31.1035 g | £264 |
| Gram | 1.0000 g | £9 |
| 10 grams | 10 g | £85 |
| Kilogram | 1,000 g | £8,500 |
| Tola | 11.664 g | £99 |
Karat-purity breakdown — July 8, 1993
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | £8 | £85 | £99 |
| 22K | £8 | £78 | £91 |
| 21K | £7 | £74 | £87 |
| 18K | £6 | £64 | £74 |
| 14K | £5 | £50 | £58 |
| 10K | £4 | £35 | £41 |
Surrounding ±15 trading days — GBP
Price action on July 8, 1993
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 1993
Calendar position
Day 189 of 365
Trading day
160th of 310
Position in 1993's range
87% (low $326.10 → high $405.60)
The United Kingdom gold market
The UK retail gold market quotes per gram, with 9K being the historically dominant jewellery standard alongside 18K and 22K. Investment-grade gold (bars and coins, ≥99.5% purity) is VAT-exempt under the EU Gold Directive (preserved post-Brexit). Sovereigns and Britannia coins issued by The Royal Mint also enjoy capital-gains-tax exemption for UK residents.
Standard quote unit
gram
Common purity
9K
Currency
GBP (£)
July 8 in other years — United Kingdom
July 8, 1993 gold price in other countries
How this July 8, 1993 United Kingdom price is calculated
International benchmark. The XAU/USD spot price for July 8, 1993 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $395.20/oz.
Currency conversion. The GBP/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (0.669) to the USD price — not a year-average or month-end approximation. This makes the £ figure on this page accurate to the trading session.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417). We never compound rounding errors by going through intermediate units.
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in United Kingdom, add the country-specific levies described in the “United Kingdom gold market” section above. The retail rate at a jeweller in United Kingdom on July 8, 1993 would have been a few percent above this number once those costs are included.
FAQ — United Kingdom gold price on July 8, 1993
What was the gold price in United Kingdom on July 8, 1993?
On July 8, 1993 (Thursday), gold in United Kingdom traded at approximately £264 per troy ounce. That works out to about £9 per gram, £99 per tola, and £85 per 10 grams. The figure is derived from international XAU/USD spot of $395.20/oz × the day's GBP/USD exchange rate of 0.669.
What was the 24K gold rate per tola in United Kingdom on July 8, 1993?
The 24K gold rate per tola in United Kingdom on July 8, 1993 was approximately £99 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 9K gold rate in United Kingdom on July 8, 1993?
United Kingdom's most-quoted retail standard is 9K per gram. On July 8, 1993, that pure-metal value was approximately £5. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The £ figure on this page is the verified international XAU/USD spot price for July 8, 1993 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in United Kingdom typically sit a few percent above this number.
Was July 8, 1993 a trading day?
Yes — July 8, 1993 was the 160th trading session of 310 for 1993 on the international gold market. Thursdays are typically active trading days unless they fall on a major holiday.
Want today's rate in United Kingdom? See live gold prices in United Kingdom with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for July 8, 1993 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of July 1993 in United Kingdom, see the full 1993 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to GBP at the same day's exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in United Kingdom before transacting.