Buy gold
A 100 g gold bar costs about 12,094.41 EUR at a dealer today, a Krugerrand about 3,810.15 EUR. Here is how to buy gold cheaply and safely.
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Gold bar prices by weight
Dealer buy and sell price per bar (999.9 fine gold), estimated from typical dealer spreads. Gold bar guide.
| Bar | Weight | Dealer buys | Dealer sells | Sell per g |
|---|---|---|---|---|
| Gold bar 1 g | 1 g | 113.61 | 134.91 | 134.91 |
| Gold bar 5 g | 5 g | 573.95 | 627.21 | 125.44 |
| Gold bar 10 g | 10 g | 1,153.82 | 1,236.66 | 123.67 |
| Gold bar 20 g | 20 g | 2,319.48 | 2,449.65 | 122.48 |
| Gold bar 1 oz | 31.10 g | 3,625.59 | 3,791.23 | 121.89 |
| Gold bar 50 g | 50 g | 5,828.28 | 6,070.88 | 121.42 |
| Gold bar 100 g | 100 g | 11,692.06 | 12,094.41 | 120.94 |
| Gold bar 250 g | 250 g | 29,230.14 | 30,176.86 | 120.71 |
| Gold bar 500 g | 500 g | 58,460.28 | 60,294.56 | 120.59 |
| Gold bar 1 kg | 1,000 g | 117,157.24 | 120,234.10 | 120.23 |
Small bars carry a higher premium per gram (minting, packaging, certificate). All prices in euros; investment gold is VAT-free.
Gold coins compared
Weight, fineness and fine-gold content of each coin with an estimated dealer selling price.
| Coin | Weight | Fineness | Fine gold | Diameter | Dealer sells |
|---|---|---|---|---|---|
| 916Krugerrand 1 oz | 33.931 g | 916.7 ‰ | 31.105 g | 32.77 mm | 3,810.15 |
| 999.9Maple Leaf 1 oz | 31.103 g | 999.9 ‰ | 31.100 g | 30 mm | 3,809.58 |
| 999.9Vienna Philharmonic 1 oz | 31.103 g | 999.9 ‰ | 31.100 g | 37 mm | 3,802.21 |
| 999.9Britannia 1 oz | 31.103 g | 999.9 ‰ | 31.100 g | 32.69 mm | 3,809.58 |
| 916American Eagle 1 oz | 33.931 g | 916.7 ‰ | 31.105 g | 32.70 mm | 3,846.96 |
| 999.9Kangaroo 1 oz | 31.103 g | 999.9 ‰ | 31.100 g | 32.60 mm | 3,820.62 |
| 999China Panda 30 g | 30.000 g | 999.0 ‰ | 29.970 g | 32 mm | 3,759.85 |
| 900Vreneli 20 francs | 6.452 g | 900.0 ‰ | 5.806 g | 21 mm | 728.44 |
| 90020 Mark (German Empire) | 7.965 g | 900.0 ‰ | 7.169 g | 22.50 mm | 907.80 |
| 9861 Ducat Austria | 3.491 g | 986.1 ‰ | 3.442 g | 19.75 mm | 444.08 |
| 9864 Ducats Austria | 13.964 g | 986.1 ‰ | 13.770 g | 39.50 mm | 1,711.14 |
| 916Sovereign | 7.988 g | 916.7 ‰ | 7.323 g | 22.05 mm | 918.66 |
| 900100 Corona Austria | 33.875 g | 900.0 ‰ | 30.488 g | 37 mm | 3,770.64 |
| 90010 Mark (German Empire) | 3.982 g | 900.0 ‰ | 3.584 g | 19.50 mm | 458.08 |
| 999.91 Deutsche Mark gold coin 2001 | 12.000 g | 999.9 ‰ | 11.999 g | 23.50 mm | 1,505.29 |
Bars or coins?
Gold bars range from 1 g to 1 kg; larger bars carry a lower premium per gram. Gold coins are easy to resell. Both are VAT-free investment gold in Germany.
Where to buy cheaply
Buy larger units from dealers with a small buy-sell spread and compare the total price including shipping. Online dealers are often cheaper than branches.
Tax, cash limits and storage
Anonymous cash purchases are possible only up to EUR 1,999.99. Gains are tax-free after more than one year (see gold and tax). Store gold in a certified safe or a bank deposit box and keep invoices.
Frequently asked questions
Where is gold cheapest to buy?
From dealers with small spreads and in larger units such as big bars and 1 oz coins.
Is there VAT on gold?
No, investment gold is VAT-free in Germany; silver, platinum and palladium carry VAT.
How much gold can I buy without ID?
Anonymous cash purchases are possible up to EUR 1,999.99.
Gold price in German cities
The gold price is the same across Germany; dealers differ only in premiums and margins.