Gold rate today in Geneva

Gold rate in Geneva today

Converted at today's rates, pure 24k gold costs about 106.53 CHF per gram in Geneva, and 22k about 97.66 CHF. Per 10 grams, a common size for small bars and rate boards, that is about 1,065.35 CHF for 24k. These are spot-based figures, before any tax, premium or making charge.

Precious metals control in Geneva

Geneva has a federal precious metals control office at Voie-des-Traz 20, 1211 Genève 5 Aéroport, run by the Swiss customs service (BAZG).

It is one of only a handful of such offices in Switzerland, so official checks on gold can be done in Geneva itself.

What moves the gold price in Geneva

The Swiss franc gold price is simply the dollar price of gold multiplied by the exchange rate. Today that means about $4,042.7 per ounce times 0.8196 CHF per dollar. The franc is a safe-haven currency that often rises when gold does, so the franc gold price usually moves less than the dollar price in both directions.

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 Geneva

The shelf price in Geneva is higher than the converted figure above. A shop adds 8.1% VAT on jewellery (investment gold is VAT-exempt), the dealer's premium and the jeweller's margin. On jewellery, making charges are built into the retail price of jewellery, so two pieces of the same weight and purity can carry very different prices. Every precious-metal article sold in Switzerland must carry a fineness mark and a registered responsibility mark, and investment bars must be at least 995 fine to be VAT-exempt.

Gold market hours in Geneva

The international gold market trades almost around the clock on weekdays. In Geneva the London–New York overlap, usually the busiest and most volatile part of the day, runs today from about 14:00–18:00 local time. The two LBMA Gold Price auctions in London, at 10:30 and 15:00 London time, fall at 11:30 and 16:00 in Geneva, and major US data released at 08:30 New York time, such as payrolls and inflation, lands at 14:30 local time. The week's trading closes at 23:00 on Friday and reopens at 00:00 on Monday, Geneva time; over the weekend the price on this page is the last close. Four of the world's largest gold refineries are in Switzerland, and the Precious Metals Control, part of the Federal Office for Customs and Border Security, oversees marking. Our gold market hours tool shows the sessions in any time zone.

Geneva compared with Zurich

Geneva and Zurich both price gold in CHF off the same international price and the same exchange rate, so the converted figure is identical: about 106.53 CHF per gram of 24k in both. Any difference at the counter comes from making charges, dealer premiums and how hard the shops compete.

How this CHF 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 = 0.8196 CHF. 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 CHF = $129.98 × 0.8196 = 106.53 CHF (24k, pure gold).
3. Price per 10 grams = 106.53 × 10 = 1,065.35 CHF.
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 Geneva, 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