Gold price today in Italy

Legal gold standards and the maker's mark

Italy's precious-metals law, Legislative Decree 251 of 22 May 1999, sets three legal gold standards: 750, 585 and 375 thousandths (18, 14 and 9 karat). Any fineness above 750 is also allowed, and there is no tolerance below the stated number; lost-wax castings may use a special 753 standard. Today the bare international price works out to about 116.00 EUR per gram of 24k gold, 87.00 EUR for 18k and 67.86 EUR for 14k.

Every piece carries the fineness in thousandths and a maker's identification mark. The mark holds a number given by the maker's Chamber of Commerce and the code of the province where the maker is based, so you can trace who made or imported the piece.

Gold dealers must be registered

Businesses that trade gold professionally must be on a public register. A decree of 10 December 2024 (Legislative Decree 211/2024, in force 17 January 2025) moved this register from the Bank of Italy to the OAM, the body that keeps the registers of financial agents and brokers, and the OAM had to open it by 17 April 2025.

Taxes: 22% VAT and 26% on gains

Jewellery pays the standard 22% VAT, while investment gold is VAT-exempt under the EU rules explained on our gold price in euros page. For income tax, the Agenzia delle Entrate confirmed in 2025 that gains from selling precious metals in raw or coined form, such as bars and coins, are "redditi diversi" under article 67 of the income tax code and pay a 26% substitute tax.

The Bank of Italy's 2,452 tonnes

The Bank of Italy holds 2,452 tonnes of gold, mostly in 95,493 bars plus some coins. It calls this the fourth-largest holding in the world, after the US Federal Reserve, the Bundesbank and the IMF. 1,100 t (44.86%) is kept in Italy, 1,061.5 t (43.29%) in the United States, 149.3 t (6.09%) in Switzerland and 141.2 t (5.76%) in the United Kingdom. The value is updated once a year in the bank's annual accounts.

Vicenza and the jewellery trade

One of Italy's jewellery trade fairs is VicenzaOro, held at the Fiera di Vicenza; the next January edition runs from 15 to 19 January 2027. It is a fair for the trade, where makers show and sell to shops, not a retail market.

What moves the euro gold price

The euro gold price is the dollar price converted at the EUR/USD rate, so a stronger euro holds the local price back and a weaker euro pushes it up. This page shows both numbers. See what moves gold prices.

Rules for gold traders in Italy

Consob, Italy's securities regulator, supervises investment firms and has made the EU-wide CFD protections permanent in Italy. Check a firm's authorisation before you trade.

Our country guides explain how to check a firm before you open an account.

Trading hours in Central European Time

The international gold market trades almost around the clock, from Monday morning in Asia to Friday evening in New York. The busiest window, the London–New York overlap, falls today at about 14:00–18:00 CET/CEST. That is when US data such as payrolls and inflation is released and the price usually moves most. Italy is on CET (UTC+1) in winter and CEST (UTC+2) in summer, so the overlap falls in the afternoon; it moves by an hour for a few weeks a year because Europe and the US change their clocks on different dates. The gold market hours tool shows every session in your own time zone.

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: 18k = 0.75, 14k = 0.585, 9k = 0.375.

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 Italy, 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