Gold and silver purchases have jumped 210% over the past two weeks as investors worry about possible tax rises in the autumn Budget, with many turning to Britannia and Sovereign coins, typically seen as safe havens. The Pure Gold Company said that compared with an average of 400 weekly purchases ahead of Chancellor John Healey's maiden Budget on October 28, orders for gold coins, bars and funds rose 253% and silver purchases rose 167%. Last week the Chancellor ruled out raising capital gains tax (CGT) rates, but with government borrowing at £3tn, he is widely expected to add more financial pressure on taxpayers. Gold coins are exempt from CGT, while gold bars and ETFs held outside an Isa remain subject to it; for example, a £50,000 investment rising 40% could trigger a £4,080 CGT bill if held as bars or ETFs, but would be tax-free as coins.
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/27/2026 | 4,060.32 |
| Change that session | +1.07% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/27/2026 | 4,068.94 |
| Change that session | +1.28% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/27/2026 | 4,060.79 |
| Change that session | +1.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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