United Kingdom · GBP · Tuesday, April 23, 1996
Gold Price in United Kingdom — April 23, 1996
On April 23, 1996, gold in United Kingdom closed at approximately £258 per troy ounce — about £97 per tola or £8 per gram. The figure is computed from the verified international XAU/USD spot price ($391.80/oz) × the day's GBP/USD exchange rate.
GBP / Troy Ounce
£258
31.1035 g
GBP / Gram
£8
1 g
GBP / Tola
£97
11.664 g
All unit prices on April 23, 1996 — United Kingdom
| Unit | Weight | GBP price |
|---|---|---|
| Troy ounce | 31.1035 g | £258 |
| Gram | 1.0000 g | £8 |
| 10 grams | 10 g | £83 |
| Kilogram | 1,000 g | £8,309 |
| Tola | 11.664 g | £97 |
Karat-purity breakdown — April 23, 1996
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | £8 | £83 | £97 |
| 22K | £8 | £76 | £89 |
| 21K | £7 | £73 | £85 |
| 18K | £6 | £62 | £73 |
| 14K | £5 | £49 | £57 |
| 10K | £3 | £35 | £40 |
Surrounding ±15 trading days — GBP
Price action on April 23, 1996
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 1996
Calendar position
Day 114 of 366
Trading day
97th of 313
Position in 1996's range
48% (low $367.40 → high $418.00)
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 (£)
April 23 in other years — United Kingdom
April 23, 1996 gold price in other countries
How this April 23, 1996 United Kingdom price is calculated
International benchmark. The XAU/USD spot price for April 23, 1996 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 $391.80/oz.
Currency conversion. The GBP/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (0.6596) 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 April 23, 1996 would have been a few percent above this number once those costs are included.
FAQ — United Kingdom gold price on April 23, 1996
What was the gold price in United Kingdom on April 23, 1996?
On April 23, 1996 (Tuesday), gold in United Kingdom traded at approximately £258 per troy ounce. That works out to about £8 per gram, £97 per tola, and £83 per 10 grams. The figure is derived from international XAU/USD spot of $391.80/oz × the day's GBP/USD exchange rate of 0.6596.
What was the 24K gold rate per tola in United Kingdom on April 23, 1996?
The 24K gold rate per tola in United Kingdom on April 23, 1996 was approximately £97 (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 April 23, 1996?
United Kingdom's most-quoted retail standard is 9K per gram. On April 23, 1996, 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 April 23, 1996 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 April 23, 1996 a trading day?
Yes — April 23, 1996 was the 97th trading session of 313 for 1996 on the international gold market. Tuesdays 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 April 23, 1996 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 April 1996 in United Kingdom, see the full 1996 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.