Gold price today in Spain

Ley 17/1985: legal standards and the ellipse punch

Spanish gold is controlled by Ley 17/1985 on articles made of precious metals and its 1988 regulation. The legal gold standards are 999, 916, 750, 585 and 375 thousandths, with no tolerance below the stated number. Two old names are still used: 750 is the "primera ley" and 585 the "segunda ley". Today the bare international price works out to about 116.00 EUR per gram of 24k gold, 87.00 EUR for 18k (primera ley) and 67.86 EUR for 14k (segunda ley).

Each piece carries two marks: the maker's or importer's mark, which is registered, and the guarantee mark, applied by an official or authorised laboratory and showing the fineness and the laboratory's code. The shape tells you the metal: an ellipse for gold, a rectangle for silver and a rhombus for platinum.

Andalusia and Córdoba's jewellery industry

In Andalusia there is no official assay laboratory, so the guarantee mark is applied only by authorised laboratories. Córdoba, in Andalusia, has a large jewellery cluster: a 2025 trade-press report, citing Córdoba city council's economic development institute and the local jewellers' association, says more than 1,250 jewellery firms work in Córdoba and the sector supports about 15,000 direct and indirect jobs.

VAT: 21% on jewellery, none on investment gold

Jewellery pays the standard 21% VAT. Investment gold has its own scheme in articles 140 to 140 sexies of the VAT Act (Ley 37/1992): article 140 bis exempts its sale, intra-EU purchase and import, and article 140 ter lets a seller give up the exemption in some cases. Gold coins qualify if they were minted after 1800, are or were legal tender in their country of origin, and normally sell for no more than 80% above their gold value. The general euro rules are on our gold price in euros page, and our gold rate in Madrid page covers the capital and the national mint.

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 Spain

The CNMV supervises investment firms. Since its resolution of 11 July 2023, Spain bans advertising of CFDs aimed at retail investors or the public, including free courses, seminars and demo accounts offered to the general public, and bans sponsorship and brand advertising by CFD sellers; it applies to every firm selling CFDs to Spanish retail clients, whatever its home country. Check a firm's CNMV 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. Mainland Spain 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: 22k = 0.9167, 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 Spain, 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