Top Guide to Current Gold Price in Spain: 24K, 22K, 10 grams
Gold has long been a symbol of wealth, stability, and enduring value, captivating investors and collectors across the globe.
In Spain, a country with a rich history of gold trade and craftsmanship, the precious metal remains a popular investment and cultural treasure.
Current Gold Price in Spain (USD)
As of May 12, 2025, the gold market in Spain reflects global trends, driven by supply, demand, and macroeconomic factors. The spot price for gold in Spain is approximately €2,947.76 per troy ounce (31.1035 grams) for 24-karat gold, based on recent data from global commodity exchanges. To convert this to USD, we use the current EUR/USD exchange rate, approximately 1 EUR = $1.1222 USD as of early 2025.
Calculation:
€2,947.76 × $1.1222 = $3,308.77 per troy ounce
For a more granular view, the price per gram is:
€94.59 per gram (24K) × $1.1222 = $106.14 per gram
The table below summarizes gold prices in Spain for various purities and weights in USD, based on 24K spot prices and adjusted for common karats:
| Purity | Price per Gram (EUR) | Price per Gram (USD) | Price per Ounce (USD) |
| 24K | €94.59 | $106.14 | $3,308.77 |
| 22K | €86.71 | $97.29 | $3,032.04 |
| 18K | €70.94 | $79.60 | $2,481.58 |
| 14K | €55.17 | $61.91 | $1,929.39 |
Note: Prices fluctuate daily based on global markets. Check real-time sources like www.livepriceofgold.com for updates.
Best Places to Buy Gold in Spain
Spain’s gold market is vibrant, with a blend of traditional jewelers, modern retailers, and investment-focused dealers. The best places to buy gold depend on your goals—whether for jewelry, investment, or collectibles. Here are the top options:
Madrid’s Jewelry District (Calle Mayor and Gran Vía)
Madrid hosts numerous reputable jewelers like Joyería Nicols and Tous, known for high-quality gold jewelry and investment-grade bars. The city’s central location and established trade networks ensure competitive prices.
Pros: Wide variety, trusted brands, and appraisal services.
Cons: Higher retail markups for jewelry compared to bullion
Barcelona’s El Born and Gothic Quarter
Barcelona’s artisanal jewelers, such as Bagues-Masriera, offer unique gold pieces blending Catalan design with investment-grade coins. The city’s gold market benefits from its role as a European trade hub.
Pros: Artistic designs, access to European gold networks.
Cons: Premium prices for craftsmanship.
Online Retailers (e.g., Oro Express, Andorrano Joyería)
Online platforms provide convenience and often lower prices than physical stores due to reduced overhead. Oro Express offers gold bars and coins with transparent pricing.
Pros: Competitive rates, home delivery, and real-time price tracking.
Cons: Risk of scams; verify platform legitimacy.
Banks and Bullion Dealers (e.g., Degussa, Banco de España Partners)
Degussa in Madrid specializes in investment-grade gold bars and coins, such as Krugerrands and American Eagles. Banks like BBVA occasionally sell gold, offering high trust.
Pros: High purity, certified products, and secure transactions.
Cons: Limited stock and higher fees.
Gold Exchange Events
Periodic events at hotels or conference centers in cities like Sevilla and Valencia allow direct purchases from dealers. These can offer competitive rates but require research to avoid scams.
Pros: Potential for deals through negotiation.
Cons: Inconsistent availability.
Recommendation: For investment purposes, Degussa in Madrid or Oro Express online are top choices due to their focus on bullion and transparent pricing.
For jewelry, explore Madrid’s Joyería Nicols or Barcelona’s artisanal shops for quality and craftsmanship. Always verify authenticity and get appraisals before purchasing.
Popular Gold Items Bought in Spain
Spain’s gold market caters to both investors and cultural buyers, with distinct preferences:
Gold Jewelry; Yellow gold is the most popular, followed by white and rose gold. Common items include intricate necklaces, bracelets, and rings, often featuring Spanish or Moorish-inspired designs.
Popularity: High among locals and tourists for weddings, gifts, and fashion. 18K and 14K are favored for affordability and durability.
Price Example: An 18K gold necklace (10 grams) costs ~$796 USD.
Gold Coins; Investment-grade coins like South African Krugerrands, Canadian Maple Leafs, and American Eagles are sought after. Spanish gold coins, such as historical Escudos, appeal to collectors.
Popularity: Preferred by investors for liquidity and portability.
Price Example: A 1-ounce Krugerrand costs ~$3,400 USD (including premium).
Gold Bars
Available in weights from 1 gram to 1 kilogram, gold bars are popular among serious investors. Brands like PAMP Suisse and Valcambi are trusted.
Popularity: Growing due to gold’s safe-haven status.
Price Example: A 100-gram bar costs ~$10,614 USD.
Gold Biscuits and Ingots; Smaller ingots (10–50 grams) are sold as gifts or investments. They’re less common than bars but valued for portability.
Popularity: Moderate, mainly among collectors.
Price Example: A 10-gram ingot costs ~$1,061 USD.
Exchange-Traded Funds (ETFs) and Gold Mutual Funds; For those avoiding physical gold, ETFs like SPDR Gold Shares offer exposure to gold prices without storage concerns.
Popularity: Rising among younger investors.
Price Example: Varies based on fund shares.
Table: Popular Gold Items in Spain
| Item | Typical Weight | Approx. Price (USD) | Primary Buyers |
| Gold Jewelry (18K) | 5–20 grams | $398–$1,592 | Locals, Tourists |
| Gold Coins | 1 ounce | $3,400 | Investors, Collectors |
| Gold Bars | 100 grams | $10,614 | Serious Investors |
| Gold Ingots | 10 grams | $1,061 | Collectors, Gift Buyers |
| Gold ETFs | Varies | Market-dependent | Modern Investors |
Gold Export Requirements in Spain
Exporting gold from Spain, whether as jewelry, coins, or bars, involves strict regulations to comply with EU and international laws. Key requirements include:
Declaration and Documentation
Gold valued over €10,000 (or equivalent) must be declared to Spanish customs authorities when leaving the EU.
Provide proof of purchase (invoices, receipts) to verify legitimacy and avoid suspicion of money laundering.
Taxes and Duties; Spain applies a 21% VAT on gold jewelry, but investment-grade gold (bars and coins meeting purity standards) is exempt.
Exporting to non-EU countries may incur destination country taxes. For example, the U.S. has no federal import duty on gold but requires declaration for values over $10,000.
Customs Forms;
Complete an EU Customs Declaration Form (available at airports or customs offices) for gold exports exceeding €10,000.
For commercial exports, a Single Administrative Document (SAD) may be required, detailing the gold’s weight, purity, and value.
Anti-Money Laundering Regulations
Spain enforces EU anti-money laundering laws, requiring proof of the gold’s legal origin. Sellers must provide identification, and transactions over €10,000 are reported to the Spanish Financial Intelligence Unit.
For large quantities, a license from the Spanish Ministry of Economy may be needed, especially for raw gold or bullion.
International Compliance
Check destination country regulations. For example, importing gold into the U.S. requires a Customs Service Form 4790 for values over $10,000, while countries like India impose high import duties (12.5% + GST).
Ensure compliance with the Kimberley Process for gold linked to conflict zones, though this is more relevant for African exports.
Transport and Insurance
Use secure, insured couriers (e.g., Brinks, Malca-Amit) for international transport. Declare gold to airlines if traveling by air, and carry it in hand luggage for security.
Purchase insurance to cover loss or theft during transit, as gold is a high-value asset.
Recommendation: Work with a reputable dealer or customs broker to navigate export paperwork. For small quantities (e.g., jewelry under €10,000), requirements are minimal, but always carry receipts to avoid delays at customs.
Comparing Gold Prices: Spain vs. Africa
Gold prices are primarily set by global markets, such as the London Bullion Market Association (LBMA), but regional factors like taxes, duties, and production costs create price variations.
Africa, particularly countries like South Africa, Ghana, and Mali, is a major gold producer, contributing over 25% of global supply. This proximity to production often results in lower prices compared to Spain, where gold is imported and subject to EU regulations.
Key Factors Affecting Prices
Spain:
- EU VAT (21% on jewelry, exempt for investment gold).
- Higher labor and retail markups due to European economic conditions.
- Strong demand for crafted jewelry increases prices for non-investment items.
Africa:
- Lower or no VAT in countries like Dubai (5% rebatable) or South Africa (15% VAT, often negotiable for bulk).
- Direct access to mines reduces transport costs.
- Lower labor costs for mining and processing.
However, risks include unregulated markets and counterfeit gold in some regions.
Price Comparison (24K Gold, May 2025)
The table below compares gold prices in Spain and key African markets, converted to USD using the exchange rate (1 EUR = $1.1222, 1 ZAR = $0.057). Prices are approximate and exclude premiums or taxes unless noted.
| Region | Price per Gram (USD) | Price per Ounce (USD) | Key Factors |
| Spain | $106.14 | $3,308.77 | EU import costs, high retail markups |
| South Africa | $100.50 | $3,132.00 | Major producer, lower VAT, export duties |
| Ghana | $99.80 | $3,110.00 | Informal markets, low taxes, higher risk |
| Dubai (UAE) | $98.50 | $3,069.00 | No VAT for tourists, low duties, gold hub |
Analysis:
Spain: Prices are 5–8% higher than in African markets due to EU taxes and import logistics. Jewelry prices are further inflated by craftsmanship (30–50% markup).
Africa: South Africa and Ghana offer savings due to proximity to mines and lower taxes. Dubai, while not in Africa, is a key gold hub with African supply chains, offering the lowest prices due to rebatable 5% VAT and no import duties for tourists.
Risks in Africa: Informal markets (e.g., Ghana) may sell low-purity gold or lack certification. South Africa and Dubai have stricter regulations, making them safer.
Why Africa?
Africa’s cost advantage is clear, but buyers must prioritize reputable dealers to avoid scams. South Africa’s Rand Refinery and Dubai’s Gold Souk are trusted sources, while Ghana requires caution due to unregulated trade.
Why Buy Gold in Africa with Buy Gold Bars Africa Limited?
Investing in gold is a smart move in 2025, with global economic uncertainty, inflation, and geopolitical tensions driving demand. While Spain offers a robust gold market, Africa’s lower prices, abundant supply, and strategic advantages make it the superior choice. Here’s why you should choose Buy Gold Bars Africa Limited for your gold investments:
Unbeatable Prices
Our direct partnerships with African mines in South Africa, Ghana, and Mali ensure prices 5–10% lower than Spain’s. For example, a 100-gram gold bar costing $10,614 in Spain could be as low as $9,900 in Africa through us, saving you over $700 per purchase.
We negotiate bulk discounts and pass savings to clients, unlike Spanish retailers with high markups.
Trusted and Certified Supply
All gold from Buy Gold Bars Africa Limited is LBMA-certified, guaranteeing 99.99% purity (24K). Each bar or coin comes with a certificate of authenticity, unlike risky informal markets in some African regions.
We source from reputable refineries like Rand Refinery, ensuring compliance with international standards.
Seamless Export Process
Exporting gold from Africa can be complex, but we handle all paperwork, including customs declarations, Kimberley Process compliance, and secure shipping via insured couriers like Brinks.
Our team navigates destination country regulations (e.g., U.S., EU) to ensure hassle-free delivery, unlike the bureaucratic hurdles of exporting from Spain.
Wide Product Range
We offer gold bars (1g–1kg), coins (Krugerrands, Maple Leafs), and ingots, catering to investors, collectors, and gift buyers. Our inventory surpasses Spain’s limited bank offerings.
Bulk orders for institutional investors are available at discounted rates.
Expert Guidance and Transparency
Our team provides real-time market insights, helping you buy at optimal prices. Unlike Spanish jewelers, we offer transparent pricing with no hidden fees.
We provide secure storage options in African or Swiss vaults, avoiding Spain’s high storage costs.
Economic and Ethical Impact
Buying from Buy Gold Bars Africa Limited supports African economies, creating jobs in mining communities. We adhere to ethical sourcing, ensuring no conflict gold.
Your investment strengthens Africa’s gold industry, a more direct impact than Spain’s import-driven market.
Proven Track Record
With years of experience, we’ve served thousands of clients globally, from individual investors to hedge funds. Our 5-star reviews highlight our reliability, unlike the scam risks at Spanish gold exchange events.
Call to Action:
Don’t pay Spain’s premium prices when you can save significantly in Africa. With Buy Gold Bars Africa Limited, you get lower costs, certified gold, and a seamless buying experience. Contact us today at info@buygoldbarsafrica.com (mailto:info@buygoldbarsafrica.com) or visit www.buygoldbarsafrica.com to start your investment journey. Secure your wealth with Africa’s golden opportunity—act now before prices rise further!
Additional Considerations for Investors
Spain’s Market Dynamics
Spain’s gold reserves (281.58 tonnes, valued at $25.4 billion in January 2025) reflect its economic stability, but limited domestic production (1,400 kg in 2022) means reliance on imports, inflating prices.
Recent discoveries in Asturias could boost supply, but commercial exploitation is years away, keeping prices high.
Africa’s Strategic Advantage
South Africa produces 100,000 kg annually, and Ghana is Africa’s top producer, ensuring abundant supply.
Dubai’s role as a gold hub, with African supply chains, offers tax advantages unavailable in Spain.
Investment Tips
- Monitor global gold prices via www.goldprice.org for optimal timing.
- Diversify with physical gold and ETFs to balance liquidity and security.
- Verify dealer credentials (LBMA accreditation) to avoid fraud, especially in Africa’s informal markets.
Spain’s gold market is vibrant, offering quality jewelry and investment-grade bullion, but its prices are 5–10% higher than Africa’s due to taxes, import costs, and retail markups.
As of May 12, 2025, gold in Spain costs $106.14 per gram or $3,308.77 per ounce, compared to $98.50–$100.50 per gram in African markets like Dubai and South Africa.
Popular items in Spain include jewelry, coins, and bars, with top buying spots like Degussa and Madrid’s jewelry district.
Exporting gold from Spain requires declarations for values over €10,000, while Africa’s lower costs and abundant supply make it a smarter choice.
Buy Gold Bars Africa Limited offers the best of both worlds: Africa’s cost advantages with the trust and professionalism of a global leader.
Save hundreds per purchase, secure certified gold, and support ethical mining—all while avoiding Spain’s premium prices.
Visit www.buygoldbarsafrica.com today to unlock the golden potential of Africa’s gold market. Your wealth deserves the best—choose Africa, choose us.
