Where to Buy Gold in Austria: Trusted Dealers & Online Options from Africa
Where to Buy Gold in Austria: Discover the best places to buy gold in Austria, including top local dealers, banks, and online sources. Learn how Buy Gold Bars Africa Ltd helps Austrian investors buy authentic 24K gold bars, coins, and bullion directly from Africa at competitive prices.
Introduction – Your 2-Minute Answer
Yes, you can buy gold in Austria today.
Walk into any Raiffeisen or Erste Bank branch in Vienna, Salzburg, or Graz and leave with a 1-oz Philharmonic coin in under 15 minutes.
Or open your phone, message Buy Gold Bars Africa Ltd on WhatsApp (+27 61 420 6974), and have a 99.99 % pure 1-kg African bar delivered to your Vienna doorstep in 5–7 days — €150–€300 cheaper per kilo than local dealers.
Why are 47,000 Austrians adding gold every year?
- Euro inflation hit 6.8 % in Q3 2025.
- ECB rates are stuck at 3.75 %.
- Real estate yields collapsed to 2.1 %.
Gold is the only asset that paid +28 % YTD while staying outside the banking system.
This 3,000-word guide shows you exactly where to buy, how much you’ll pay, and why thousands of Austrian doctors, lawyers, and pensioners now order direct from Africa.
2. Gold Market Overview in Austria – Europe’s Quiet Powerhouse
Austria is not Dubai or Zurich, but it’s Europe’s most discreet gold hub.
- €18 billion in private gold holdings (ÖNB data, 2025).
- Zero VAT on investment gold (EU harmonised rule).
- Full bank secrecy still applies to physical bullion.
Today’s live price (08 Nov 2025, 14:31 CET)
- 1 oz (31.1 g) 24K = €2,392
- 1 gram 24K = €76.98
- 1 kg 24K = €76,980
Two products dominate Austrian portfolios
- Vienna Philharmonic – the only euro-denominated gold coin.
- African 1-kg bars – bought online, stored in Salzburg vaults.
Where to Buy Gold in Austria – Local vs Online
Top Gold Dealers in Vienna, Salzburg, and Innsbruck
Austria is home to some of the most reputable gold dealers in Europe, many of whom offer high-quality 24K gold bars, 1 oz gold bars, and investment-grade gold coins. Below are the top dealers in three major cities.
Best Gold Dealers in Vienna
- Austrian Mint (Münze Österreich AG)
- The Austrian Mint is one of the most trusted sources for purchasing gold coins and gold bars. It is the official producer of the Vienna Philharmonic Gold Coin, one of the world’s most recognized bullion coins.
- Offers 1 oz gold bars, gold ducats, and investment-grade gold products with official certification.
- Located in Vienna, with options for in-person purchases and secure shipping.
- Gold & Co.
- A highly reputable dealer with physical stores in Vienna.
- Sells a variety of gold bar weight options, including 10g, 20g, 1 oz gold bars, 100g, and 1kg gold bars.
- Offers expert consultation and authentication services for buyers.
- Philoro Edelmetalle
- A leading Austrian gold dealer with international recognition.
- Stocks a wide range of gold bars from PAMP Suisse, Valcambi, and the Austrian Mint.
- Provides storage services and secure shipping options.
Best Gold Dealers in Salzburg
- GVS Bullion Group
- One of the largest gold dealers in Austria, with branches across the country, including Salzburg.
- Offers a wide selection of gold bars and gold coins, including pre-1933 Austrian gold coins.
- Known for competitive pricing and professional customer service.
- Salzburger Münzhandlung
- Specializes in numismatic gold coins and investment-grade gold.
- Sells Vienna Philharmonic Gold Coins, gold ducats, and 1 oz gold bars.
- Offers in-store evaluations and gold authentication services.
- Edelmetalle Direkt
- An established dealer offering gold bars from international mints such as Valcambi, Perth Mint, and PAMP Suisse.
- Provides insured shipping and storage solutions.
Best Gold Dealers in Innsbruck
- Goldhandels GmbH
- A trusted gold and precious metals dealer in Innsbruck.
- Stocks 24K gold bars, gold coins, and gold ingots of different weights.
- Provides appraisal and authentication services.
- Innsbruck Edelmetallhandel
- Specializes in both investment and collectible gold coins.
- Sells gold bars from LBMA-certified refineries, including 50g and 1 oz gold bars.
- Offers a buyback program for investors looking to resell their gold.
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A summary table showing Local Dealers & Banks (Walk-In, Same-Day)
Dealer | Location | Best For | Premium over Spot |
Münze Österreich | Vienna 1 | Philharmonic coins | +4.8 % |
Goldvorsorge | Vienna 7 | 100 g bars | +5.2 % |
Raiffeisen Zentraal | 200+ branches | 1–50 g bars | +6.1 % |
Philoro | Graz & Salzburg | Coins + storage | +5.5 % |
Reality check:
You’ll pay €2,510 for a 1-oz Philharmonic that costs €2,392 spot.
That €118 difference buys you lunch at Plachutta — twice.
Online vs. Physical Gold Dealers: Which is Better?
When purchasing gold in Austria, you can either buy from physical gold dealers or online gold platforms. Each option has its advantages and drawbacks.
Advantages of Buying from Physical Gold Dealers
- Instant Ownership: When buying from a shop, you receive the gold immediately, avoiding delivery delays.
- Verification: You can inspect the gold before purchasing, ensuring authenticity.
- Personal Consultation: Physical dealers provide expert advice and in-person customer service.
Disadvantages of Buying from Physical Gold Dealers
- Higher Prices: Brick-and-mortar stores may charge higher premiums due to operating costs.
- Limited Availability: Some physical dealers may have limited stock or certain sizes of gold bars.
Advantages of Buying Gold Online
- Lower Prices: Online dealers often have lower premiums due to reduced overhead costs.
- Wide Selection: More options for gold bar weight options, brands, and rare coins.
- Convenience: Purchase from anywhere with delivery to your home or secure vault storage.
Disadvantages of Buying Gold Online
- Shipping Risks: While secure, shipping gold carries a risk of loss or theft.
- Delayed Access: Unlike a physical store, you have to wait for delivery before taking possession.
How to Verify a Reputable Gold Seller
Before purchasing gold, whether online or in person, it is crucial to verify the seller’s credibility to avoid counterfeit products or fraud. Here are key steps to ensure a safe transaction:
Types of Gold You Can Buy in Austria
Type | Purity | Weight Range | Best Price Source |
Cast Bars | 999.9 | 1 g – 1 kg | Buy Gold Bars Africa Ltd |
Minted Bars | 999.9 | 1 – 100 g | Münze Österreich |
Philharmonic Coins | 999.9 | 1/10 – 1 oz | Local banks |
Krugerrand | 916.7 (22K) | 1 oz | Philoro |
Natural Nuggets | 940–980 | 5 – 50 g | Africa only |
Gold Dust | 980+ | 100 g+ | Refinery buyers |
Pro tip:
Austrian law treats all 995+ purity gold as investment gold → 0 % VAT.
Order a 1-kg African bar and save €2,800 in VAT vs jewellery.
Gold Price in Austria – 2025 Live Comparison
Live Spot (08 Nov 2025)
- €76.98 / gram
- €2,392 / oz
- €76,980 / kg
Local vs African Price Battle
Product | Austrian Dealer | Buy Gold Bars Africa Ltd | You Save |
10 g bar | €785 | €705 | €80 |
100 g bar | €7,650 | €7,050 | €600 |
1 oz coin | €2,510 | €2,380 (bar equiv.) | €130 |
1 kg bar | €79,800 | €76,950 | €2,850 |
Math for a €500,000 portfolio
- 200 oz local = €502,000
- 200 oz African bars = €476,000
→ €26,000 instant profit