Gold price hit another record high on16 October, passing £2,060 an ounce, driving investors towards the yellow metal. In particular, investors have been cashing in on gold they hold to take advantage of high prices, but are also stashing up on gold coins to take advantage of tax-saving opportunities.

This demand for gold coins has been further stoked by rumours that Chancellor Rachel Reeves is planning to hike Capital Gains Tax (CGT) on profits made from the sale of assets such as shares and property.

The sale of bullion bars has suffered a sharp drop amid fears Chancellor Rachel Reeves could hike capital gains tax in the Budget later this month. The Royal Mint has revealed sales of bullion bars, which are subject to capital gains tax,