Gold price today in Sweden

Fineness marks in Sweden

Under Sweden's law on trade in precious-metal articles (1999:779, in force since 1 January 2000), an article must be at least 375 parts per thousand (9 karat) to count as gold, and the stated fineness may be at most 5 thousandths too high. Gold articles offered for sale must carry two responsibility marks: a fineness mark and the maker's or importer's name mark (the name mark can be left out if the piece has an official control mark). Official control marking is voluntary.

Today the bare international price works out to about 40,275 SEK per ounce and 1,295 SEK per gram of pure gold.

VAT: investment gold exempt, jewellery 25%

Sweden's VAT Act (Mervärdesskattelag 2023:200) has a special scheme for investment gold in chapter 21: the supply, intra-EU acquisition and import of investment gold are exempt from VAT. It follows the EU rules, under which investment gold means bars of at least 995 fineness and qualifying gold coins of at least 900 fineness. Jewellery is not investment gold and pays the standard 25% VAT, which is why a gram of gold in a ring costs far more than a gram in a bar.

The Riksbank

Sweden's central bank, the Riksbank, was founded in 1668 and describes itself as the world's oldest central bank. The krona price of gold is the dollar price times USD/SEK, so when the krona weakens the local price rises faster than the dollar price, and the reverse is also true. See what moves gold prices.

Rules for gold traders in Sweden

Sweden is an EU state, so the EU's 2018 baseline for retail CFDs applies: leverage of at most 20:1 on gold, a margin close-out at 50%, negative-balance protection and a standard risk warning. Those EU measures were temporary and national regulators have since adopted their own permanent rules, so check a firm's authorisation with Finansinspektionen.

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. Sweden is on CET (UTC+1), and CEST (UTC+2) in summer, so the overlap falls in the afternoon. The gold market hours tool shows every session in your own time zone.

How this SEK gold price is calculated

Three numbers decide everything on this page. First, the international gold price in US dollars per troy ounce: $4,072.1 at the last update. Second, the exchange rate: 1 USD = 9.8905 SEK. Third, the weight: one troy ounce is 31.1035 grams, and one tola is 11.6638 grams.

1. Price per gram in USD = $4,072.1 ÷ 31.1035 = $130.92.
2. Price per gram in SEK = $130.92 × 9.8905 = 1,295 SEK (24k, pure gold).
3. Price per troy ounce = 1,295 × 31.1035 = 40,275 SEK.
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 Sweden, 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