Gold bar buy-sell gap: £132 at Tavex UK, £189 at Baird
In short
- The cheapest 1 oz gold bar in our data is at Chards: £2,986.39, which is £63.69 (2.2%) above the spot price of £2,922.70.
- Tavex UK sells a 1 oz bar for £2,992.90 and buys for £2,860.59, a gap of £132.31 (4.4%); Baird & Co sells for £3,016.14 and buys for £2,827.55, a gap of £188.59 (6.3%).
- A sovereign at Baird & Co costs £709.66 and sells back at £665.61: a gap of £44.05 (6.2%).
If you buy a gold bar and sell it back to the same dealer today, you lose between 4.4% and 6.3% on a 1 oz bar in the UK. At 7:00 a.m. Sofia time gold is £2,923 an ounce, after falling to a one-year low on Friday (Kitco).
What happened
Kitco reports that gold fell 3.5% on Friday to $3,880 an ounce, its lowest since October 2025, and silver fell almost 6% to $48.95. Analysts tie the drop to high oil prices and expectations of more Fed hikes. In pounds, gold is £2,923 an ounce this morning.
UK dealer prices at 7:00 a.m. (captured 6:19 Sofia time): the cheapest 1 oz bars are Chards at £2,986.39, Tavex UK at £2,992.90 and Baird & Co at £3,016.14. Buy-back prices are published for Tavex UK (£2,860.59) and Baird & Co (£2,827.55). Not every dealer publishes a buy-back price.
What it means for you
The maths for a 1 oz bar: at Tavex UK you pay £2,992.90 and could sell straight back for £2,860.59, losing £132.31. To break even, the buy-back price would have to rise by about 4.6%. At Baird & Co the loss is £188.59 and the break-even move is about 6.7%.
For a sovereign (about 0.2354 oz of gold, worth roughly £688 at spot), Baird & Co charges £709.66, £21.66 (3.1%) above the metal, and buys back at £665.61. Prices can change when markets open.
Live prices: gold prices in the UK and gold calculator; related: the Kitco analyst survey.
Bottom line
The gap between buying and selling a 1 oz bar is £132 to £189 at the two UK dealers that publish buy-back prices, and gold is at £2,923 an ounce after a one-year low on Friday.
Sources: Kitco
Gold prices at UK dealers live →
For information only. This is not investment advice.
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