If you truly own an Ayre P5Xe, you are missing out. You have a true balanced phono stage, and you should be connecting your cartridge to the input in balanced mode. To do that optimally, you want a true balanced phono cable, which is a cable that uses identical conductors for each half of the balanced signal; one conductor being connected to each "end" of the cartridge output. Cartridges are inherently balanced devices (at least 98% of them). The pin on your cartridge that is labeled "GD" (for ground) can actually be used to derive the negative phase of a balanced signal. The pin labeled "hot" or "R" or "L" will then put out only the positive phase of a balanced signal.
So, basically, to convert to balanced mode all you need is a balanced phono cable with XLR termination. You would connect the XLR to the XLR input on your Ayre phono. This will eliminate any noise due to poor grounding, totally. As others have correctly noted, this will not eliminate groove noise, etc, etc. But you could say good-bye to 60Hz or 120Hz hum due to poor grounding. If that is the real source of your problem.
Now, if you tell me that your cartridge is already connected to your Ayre in true balanced mode, then I would say you do not have noise due to poor grounding.