United Kingdom · GBP · Thursday, March 16, 2017
Gold Price in United Kingdom — March 16, 2017
On March 16, 2017, gold in United Kingdom closed at approximately £994 per troy ounce — about £373 per tola or £32 per gram. The figure is computed from the verified international XAU/USD spot price ($1,229.40/oz) × the day's GBP/USD exchange rate.
GBP / Troy Ounce
£994
31.1035 g
GBP / Gram
£32
1 g
GBP / Tola
£373
11.664 g
All unit prices on March 16, 2017 — United Kingdom
| Unit | Weight | GBP price |
|---|---|---|
| Troy ounce | 31.1035 g | £994 |
| Gram | 1.0000 g | £32 |
| 10 grams | 10 g | £320 |
| Kilogram | 1,000 g | £31,953 |
| Tola | 11.664 g | £373 |
Karat-purity breakdown — March 16, 2017
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | £32 | £319 | £372 |
| 22K | £29 | £293 | £341 |
| 21K | £28 | £280 | £326 |
| 18K | £24 | £240 | £280 |
| 14K | £19 | £187 | £218 |
| 10K | £13 | £133 | £155 |
Surrounding ±15 trading days — GBP
Price action on March 16, 2017
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2017
Calendar position
Day 75 of 365
Trading day
65th of 313
Position in 2017's range
42% (low $1,145.90 → high $1,346.78)
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 (£)
March 16 in other years — United Kingdom
March 16, 2017 gold price in other countries
How this March 16, 2017 United Kingdom price is calculated
International benchmark. The XAU/USD spot price for March 16, 2017 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 $1,229.40/oz.
Currency conversion. The GBP/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (0.8084) 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 March 16, 2017 would have been a few percent above this number once those costs are included.
FAQ — United Kingdom gold price on March 16, 2017
What was the gold price in United Kingdom on March 16, 2017?
On March 16, 2017 (Thursday), gold in United Kingdom traded at approximately £994 per troy ounce. That works out to about £32 per gram, £373 per tola, and £320 per 10 grams. The figure is derived from international XAU/USD spot of $1,229.40/oz × the day's GBP/USD exchange rate of 0.8084.
What was the 24K gold rate per tola in United Kingdom on March 16, 2017?
The 24K gold rate per tola in United Kingdom on March 16, 2017 was approximately £372 (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 March 16, 2017?
United Kingdom's most-quoted retail standard is 9K per gram. On March 16, 2017, that pure-metal value was approximately £19. 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 March 16, 2017 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 March 16, 2017 a trading day?
Yes — March 16, 2017 was the 65th trading session of 313 for 2017 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 March 16, 2017 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 March 2017 in United Kingdom, see the full 2017 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.