The rush for gold coins – investors rush to buy the metal as gold prices rise

Gold price reached a new high of over £2,060 an ounce on 16 October, prompting investors to sell gold for profit and invest in tax-saving gold coins. The Royal Mint reported a surge in demand for gold coins, with revenues increasing by 110% in the third quarter of 2024. The rise in gold prices, geopolitical uncertainty, and falling interest rates have contributed to a 20% increase in the gold price in sterling this year, driving investors towards tax-efficient investments like gold coins to protect their gains and reduce tax bills.

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