Gold Price in Euros Today
Track the live gold price in EUR per troy ounce and per gram. Real-time XAU/EUR charts with the latest EUR/USD exchange rate applied automatically.
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How Gold Is Priced in Euros
The gold price in euros is derived from the international spot price in USD (XAU/USD) and the current EUR/USD exchange rate. The LBMA Gold Price, set twice daily in London, is the primary benchmark for European gold transactions.
- Spot conversion: XAU/USD divided by EUR/USD gives XAU/EUR
- LBMA benchmark set at 10:30 AM and 3:00 PM London time
- Investment-grade gold is VAT-exempt across the EU under Directive 98/80/EC
- ECB holds approximately 500 tonnes of gold reserves
- Popular coins: Austrian Philharmonic, British Britannia, Krugerrand
- Germany offers tax-free gold disposal after a one-year holding period
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Frequently Asked Questions
How is the gold price in euros calculated?
The gold price in euros is calculated by taking the international spot price in US dollars (XAU/USD) and dividing it by the current EUR/USD exchange rate. For example, if gold is $2,000/oz and EUR/USD is 1.10, the euro price is approximately 1,818 EUR per ounce. Both the gold price and the exchange rate fluctuate constantly during market hours.
Is gold VAT-free in Europe?
Yes, investment gold is exempt from VAT across the European Union under Directive 98/80/EC. This exemption covers gold bars with a purity of at least 995/1000 and gold coins with a purity of at least 900/1000 that are or have been legal tender. However, silver and other precious metals are generally subject to VAT in most EU countries.
How does EUR/USD affect the gold price in euros?
The EUR/USD exchange rate has a direct impact on the euro gold price. When the euro weakens against the dollar, the gold price in euros rises even if the dollar price stays the same, because it takes more euros to buy the same amount of dollars. Conversely, a stronger euro makes gold cheaper in EUR terms. This means euro-area investors face both gold price risk and currency risk.
What is the best way to buy gold in Europe?
European investors can buy gold through several channels: physical bars and coins from reputable dealers (VAT-exempt for investment gold), gold ETFs listed on European exchanges such as Xetra-Gold or Invesco Physical Gold, allocated gold accounts at banks, or digital gold platforms. Physical gold offers direct ownership, while ETFs provide liquidity and ease of trading without storage concerns.