Gold tax in Germany
Physical gold is treated favourably for tax in Germany: investment gold is VAT-free and gains are tax-free after one year. One gram of fine gold currently costs about 121.30 EUR.
Gold price in Germany
Live material value of fine gold per gram and ounce.
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Gold price by purity
Material value and typical dealer buy price per gram for each alloy.
Values follow the selected currency.
| Alloy | Dealer buys /g | Material value /g | Ounce | Fineness |
|---|---|---|---|---|
| 999.9Fine gold 999.9 | 116.57 | 118.34 | 3,680.81 | 999.9 |
| 999999 gold (24 ct) | 113.50 | 118.23 | 3,677.49 | 999 |
| 916916 gold (22 ct) | 101.91 | 108.41 | 3,371.96 | 916 |
| 875875 gold (21 ct) | 97.34 | 103.56 | 3,221.03 | 875 |
| 750750 gold (18 ct) | 82.55 | 88.76 | 2,760.88 | 750 |
| 585585 gold (14 ct) | 63.70 | 69.24 | 2,153.49 | 585 |
| 375375 gold (9 ct) | 39.94 | 44.38 | 1,380.44 | 375 |
| 333333 gold (8 ct) | 34.68 | 39.41 | 1,225.83 | 333 |
VAT on gold, silver and platinum
Under § 25c UStG, investment gold is exempt from VAT: bars and wafers with a purity of at least 995/1000, and coins with at least 900/1000, minted after 1800 and legal tender (now or formerly) in their country of origin. The EU publishes an annual list of qualifying coins. Silver is subject to 19 % VAT, although many coins are sold under margin taxation, making them cheaper. Platinum and palladium carry 19 % VAT for private buyers.
Holding period (§ 23 EStG)
Gains on physical gold are tax-free after a holding period of more than one year. Within one year, gains are taxable; an annual exemption limit (Freigrenze) of EUR 1,000 applies since 2024 (previously EUR 600). Keep your receipts. The gold calculator includes a holding-period check.
Anonymous purchases
Since 1 January 2020, anonymous cash purchases are only possible up to EUR 1,999.99. From EUR 2,000 dealers must identify the buyer under the Money Laundering Act.
Inheritance, gifts and advice
Inheritance and gift tax follow the general rules. This page is a general overview, not tax advice; please consult a tax adviser (Steuerberater). See also gold bars and gold coins.
Frequently asked questions
Do I pay VAT on gold in Germany?
No, investment gold that meets the § 25c UStG criteria is VAT-exempt.
When are gold gains tax-free?
After a holding period of more than one year.
What if I sell within one year?
Gains are taxable; an annual exemption limit of EUR 1,000 applies since 2024.
Is there VAT on silver?
Yes, 19 %, though many coins are sold under margin taxation.
How much gold can I buy anonymously?
Up to EUR 1,999.99 in cash since 1 January 2020.
Gold price in German cities
The gold price is the same across Germany; dealers differ only in premiums and margins.