Gold rate today in Dublin

Gold rate in Dublin today

The international price puts a gram of 24k gold in Dublin at roughly 116.00 EUR today, with 22k at about 106.33 EUR. Per 10 grams, a common size for small bars and rate boards, that is about 1,159.97 EUR for 24k. These are spot-based figures, before any tax, premium or making charge.

The Assay Office at Dublin Castle

Ireland's only assay office is in Dublin: the Assay Office of the Company of Goldsmiths of Dublin, at Dublin Castle, Dublin 2.

Hallmarking is compulsory in Ireland and there is no weight exemption, so gold articles sold in Ireland are tested and marked there, from 999 fine gold down to 375 (9 karat), including the 417 (10 karat) standard.

What moves the gold price in Dublin

Everything on a Dublin rate board starts from the same place: the dollar price of gold (about $4,042.7 an ounce today) converted at the USD/EUR rate of 0.8924. The euro gold price is the dollar price converted at the EUR/USD rate: when the euro rises against the dollar, the euro gold price rises less than the dollar price, and when the euro falls, it rises more.

The dollar price itself responds to US interest-rate expectations, the strength of the dollar, inflation data, central-bank buying and geopolitical risk. Our guide to what moves gold prices covers each in turn.

Premiums, making charges and tax in Dublin

The shelf price in Dublin is higher than the converted figure above. A shop adds 23% VAT on jewellery (investment gold is VAT-exempt), the dealer's premium on bars and coins and the jeweller's margin. On jewellery a making charge comes on top, so two pieces of the same weight and purity can carry very different prices. Hallmarking is compulsory in Ireland with no weight exemption, and the legal gold finenesses run from 999 down to 375, including 417 (10 karat).

Gold market hours in Dublin

The international gold market trades almost around the clock on weekdays. In Dublin the London–New York overlap, usually the busiest and most volatile part of the day, runs today from about 13:00–17:00 local time. The two LBMA Gold Price auctions in London, at 10:30 and 15:00 London time, fall at 10:30 and 15:00 in Dublin, and major US data released at 08:30 New York time, such as payrolls and inflation, lands at 13:30 local time. The week's trading closes at 22:00 on Friday and reopens at 23:00 on Sunday, Dublin time; over the weekend the price on this page is the last close. We found no local gold exchange; prices follow the international price. Our gold market hours tool shows the sessions in any time zone.

Dublin compared with London

It is natural to compare London with the price at home. On the converted spot price neither city is cheaper: London quotes about 96.79 GBP per gram of 24k, which is the same $129.98 per gram as Dublin's 116.00 EUR. What differs is what each market adds. In Dublin that is 23% VAT on jewellery (investment gold is VAT-exempt), the dealer's premium on bars and coins and the jeweller's margin; in London it is 20% VAT on jewellery (investment gold is VAT-exempt), the dealer's premium on bars and coins and the jeweller's margin. Buying abroad also means paying an exchange margin and checking the customs allowance at home.

How this EUR gold price is calculated

Three numbers decide everything on this page. First, the international gold price in US dollars per troy ounce: $4,042.7 at the last update. Second, the exchange rate: 1 USD = 0.8924 EUR. Third, the weight: one troy ounce is 31.1035 grams, and one tola is 11.6638 grams.

1. Price per gram in USD = $4,042.7 ÷ 31.1035 = $129.98.
2. Price per gram in EUR = $129.98 × 0.8924 = 116.00 EUR (24k, pure gold).
3. Price per 10 grams = 116.00 × 10 = 1,159.97 EUR.
4. For a lower purity, multiply by the fineness: 22k = 0.9167, 21k = 0.875, 18k = 0.75.

The gold price is the spot price of gold (XAUUSD) from a public real-time feed, refreshed every few seconds while the page is open; the 7-day table and the 30-session chart use COMEX gold futures closes, which usually sit a few dollars above spot. The exchange rate is a mid-market rate; the rate your bank or money changer gives you will be slightly different. If you want to do the maths yourself, our guide to converting the gold price per gram, tola and kilo walks through every step with worked examples.

What this price does not include

The figures above are the international spot price converted into local currency. They are the starting point for every retail price in Dublin, but they are not the price you will pay or receive at a shop. The shop price adds some or all of these on top:

• Import duty or customs charges, where gold or jewellery is imported.
• Sales tax or VAT, where the country charges one. Many countries tax jewellery but not investment bars; the sections above say what applies here.
• Dealer premium: the margin a bullion dealer or bank adds to the spot price for bars and coins, usually larger on small pieces.
• Making charges (labour) on jewellery, often a percentage of the gold value or a fixed amount per gram.
• Local supply and demand, which can push the physical price to a premium or a discount against the international price for weeks at a time.

When you sell, the buyer usually quotes below the spot-based number and deducts for purity testing, wear and sometimes stones. The gap between the buying and the selling price is the real cost of owning physical gold, and it varies a lot between shops, so it is worth asking several.

Frequently asked questions