The price of gold has climbed to its highest level ever recorded in sterling, appreciating 23% in just six months while also reaching another all-time high in USD.
In tandem, UK bullion supplier Solomon Global reports gold sales up 93% in March 2025 versus March 2024, with revenue from bullion climbing 84% in the first quarter of 2025 compared to the same period in 2024.
The supplier of certified gold and silver bars and coins has witnessed an influx of first-time gold investors and collectors and an uptick in existing clients expanding their portfolios in the last 12 months.
Rather than deterring investors, gold’s record price appears to be fuelling demand, driven by the precious metal’s safe-haven appeal amid unrelenting global economic and geopolitical turmoil, central bank buying and recently raised price forecasts from financial institutions including Goldman Sachs, ANZ and UBS. In particular, the firm has seen a significant rise in demand for the Queen’s Beast Completer coins as a certified gold option. These CGT-exempt coins are proving especially popular among seasoned investors aiming to complete their Queen’s Beast collections while attracting newcomers who view them as an accessible and reputable entry point into the certified market.
“Gold is more than a short-term investment; it is a proven store of value with enduring appeal,” said Paul Williams, MD at Solomon Global. “We’re seeing continued growth in demand as investors, from novices to veterans, turn to gold as a hedge against inflation, a safeguard in unpredictable markets, and a way to diversify portfolios. Like central banks, our clients value gold for its stability and resilience in a volatile world.”
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