CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Call 010 344 0051 or email helpdesk.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 344 0053

Call 010 344 0051 or email helpdesk.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 344 0053

Why trade gold with us?

Trade gold spot prices

Open short-term positions with our exclusive undated gold market

Speculate on gold futures

Trade long-term gold price movements with futures contracts

Take your capital further

Get full market exposure for a small deposit, called margin

Get the best gold prices

Trade on some of the lowest gold spreads in the market – as little as 0.3 points

Choose to trade or invest

Trade gold with our leveraged products, or buy gold shares or exchange traded funds

Manage your gold risk

Protect your capital with guaranteed stops, which only incur a fee if triggered

Ways to trade gold with us

Gold CFD trading
Markets to trade Spot prices, futures, options contracts, shares and ETFs
Main benefits Go long or short on gold prices. Tax-deductible losses are useful for hedging2
Traded in Contracts
Tax status No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction2
Commission Share CFDs are subject to commission. All other markets are charged via the spread
Platforms Web, mobile app and advanced platforms
Learn more

What is gold trading?

Gold trading is a method of speculating on the price of gold online via spot prices, futures, options, shares and exchange traded funds (ETFs). Trading via CFDs means you don’t have to take ownership or delivery of the commodity.

How to trade gold online in the UK?

  1. Open a gold trading account
  2. Find an opportunity
  3. Take your first position
  4. Monitor and close your trade

Gold live price

Why is gold trading popular?

Gold trading is popular due to the metal’s reputation for being highly desired since ancient times. Coveted for both its cultural and financial value, there are a few benefits that make gold an attractive market, for example:

  • It’s considered a ‘safe haven’ investment in times of financial turbulence
  • It has a wide variety of industrial applications in electronics and computing, as well as jewellery manufacturing
  • It tends to perform strongly in high-inflation scenarios and can therefore be used as a hedging tool

Top tips for trading gold online

Plan your trading

Develop a trading plan before you start, so that you’ll be less inclined to make emotional decisions when it comes to your gold positions. A good trading plan will outline details such as whether you want to trade or invest in gold, how much time and capital you want to spend on your gold trades, your preferred risk management tools, and much more.

Learn what moves gold

Make sure you understand the gold price drivers, such as supply and demand, before you start trading.

Read about what moves the price of gold

Analyse the market

Use charts to get an idea of how gold behaves over different timeframes. Look for patterns, wait for breakouts before trading, and trade with the trend. Compare up to four different timeframes at once with the charts in the IG trading platform, and get free trading signals to help you make your call.

Consider mining stocks or gold ETFs

Gain indirect exposure to gold by investing in individual mining stocks or a gold ETF – short for exchange traded fund. ETFs are baskets of assets that give you broad exposure to the gold market from just a single position. You can buy and sell ETFs by opening a share dealing account. If you would rather speculate on the gold price instead of investing, you can use CFDs to go long or short on spot gold or the share price of companies that mine gold.

Trade gold on the UK’s best trading platform4

Trade gold on the UK’s best trading platform4

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we're proud to offer a truly market-leading service

Gold trading costs and details

  • Spreads
  • Margin

The spread is our charge for executing your trade. It’s the difference between the buy and sell price, which we wrap around the underlying gold price.

Minimum spread for futures Minimum spread for undated markets
Spot gold (100OZ) 0.6 0.3
Alternative gold markets Minimum spread
Daily gold options 0.3
Centamin stock 0.255
Petropavlovsk stock 0.165
ZKB Gold ETF 0.75

The spread will vary, depending on whether you trade futures or our undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades.

If you choose to trade gold stocks and ETFs via CFDs you’ll be charged a commission instead of a spread.

CFDs are leveraged products, which means you can gain full exposure for a small deposit – called margin. This isn’t an extra cost to you, but it can make a big difference to the affordability of your trade.

Remember, leverage will magnify both profits and losses.

Market Retail margin Professional margin
Spot gold (100OZ) 5% 0.45%
Centamin stock 25% 22.5%
Petropavlovsk stock 25% 22.5%
ZKB Gold ETF 20% 9%

When trading gold options, the margin for 'buying' an option is the opening price (or premium) multiplied by the size of the bet. The margin for 'selling' an option is the same as the margin when trading the underlying futures market.

Choose the world’s No.1 spread betting provider1

Seize opportunity on 17,000+ markets, including commodities, major indices and FX.

Choose the world’s No.1 spread betting provider1

Seize opportunity on 17,000+ markets, including commodities, major indices and FX.

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1 Based on revenue excluding FX (published financial statements, June 2020).
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
3 Deal three or more times in the previous month to qualify for our best commission rate.
4 As awarded at the ADVFN International Financial Awards 2020 and Professional Trader Awards 2019.
5 Our spread for a particular share or ETF is calculated as a percentage of the current price – they are subject to variation, especially in volatile market conditions. Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.