The gold price today, Wednesday 11 November 2026, is $4,050.55 per troy ounce, according to GoldPrice.com, which tracks the live spot price from institutional market feeds. The figure, recorded at 5:46 AM ET, works out at $130.23 per gram and $130,228 per kilogram, and was down 0.01% from the last LBMA PM fix.

In sterling terms, gold stood at £3,037.07 per troy ounce at 10:41 on 11 November, according to Woodbury Gold, which publishes live prices in pounds from the same feed it uses for its product pages and buy-back calculators. That is £97.64 per gram for 24-carat fine gold.

Gold steadies after Tuesday's sharp fall

Gold steadied on Wednesday after a steep drop in the previous session. Gold closed at $4,032.52 per troy ounce on Tuesday 10 November 2026, falling 2.61% from $4,140.69 at the previous close. The metal is up 2.6% over the past week but down 7.7% so far in 2026, according to GoldPrice.com.

The gold price remains well below its record levels. It sits 25.4% below the all-time closing high of $5,405.00 set on 29 January 2026, within a 52-week range of $3,875.65 to $5,405.00. The recent closes show how quickly the metal has moved: $4,140.69 on Monday 9 November, $4,070.59 on Friday 6 November and $4,088.28 on Thursday 5 November.

Silver, platinum and palladium also lower

The other precious metals also fell on Tuesday. Silver dropped 3.57% to $51.53 per troy ounce, platinum fell 2.34% to $1,540.20 and palladium declined 1.20% to $1,027.05. The gold-silver ratio closed at 78.3, meaning one ounce of gold bought 78.3 ounces of silver.

In sterling, Woodbury Gold put silver at £39.67 per troy ounce, platinum at £1,168.41 and palladium at £812.18 on the morning of 11 November. All four metals are quoted per troy ounce, the standard unit for precious metals, which weighs 31.1035 grams.

What moves the gold price in sterling

Gold is priced globally in US dollars, so the sterling price moves on two things: the dollar gold price and the pound-to-dollar exchange rate. Woodbury Gold notes that a weaker pound can push the sterling gold price up on a day when the dollar price has not moved at all, which is worth bearing in mind before reading too much into a single day's chart.

The spot price is the wholesale market price for immediate delivery of pure gold, and it is the reference every dealer starts from. It is not a price at which a buyer can purchase a finished coin or bar, because fabrication, distribution, insurance and the dealer's margin sit on top of it as a premium. Investment-grade gold is exempt from VAT in the United Kingdom, while silver, platinum and palladium are charged at the standard rate of 20%.

A volatile year for gold

Gold has had a volatile year. After reaching an all-time high of $5,405.00 in January 2026, it has given back a quarter of its value, with sharp single-day moves in both directions in recent weeks. The metal fell 3.60% on 30 October to $3,875.65, the bottom of its 52-week range, before recovering to above $4,100 in early November and then dropping again on Tuesday.

Precious metals trade continuously from Monday morning to Friday evening, and prices move through the trading week, so the figures quoted here are a snapshot at the times stated. Past movement is not a forecast, and no chart makes it one. Anyone considering buying gold should check the live price at the time of purchase and the spread between the buy and sell prices, which is the real cost of a round trip.