Gold prices today in Germany – ounces + grams +kilograms
Today’s gold prices in Germany: Gold prices in Germany are of interest to those who compete in the arena of this precious metal, which was the basis of currency before the invention of paper money. The price of gold in Germany today, specifically for 21-carat gold, is something that many individuals search for on a daily basis.
Gold has indeed been a source of conflicts and wars in the past, as it represents significant economic power for any country or individual who possesses it. It carries with it prestige and influence.
In the present, with the economic crisis impacting all European countries and the anticipated devaluation of currencies in the near future, searching for gold prices today in Germany has become an opportunity for a secure investment. Gold is considered a reliable investment during uncertain economic times, as it tends to retain its value and act as a safe haven for investors.
Even if the currency value declines, gold has historically proven its ability to retain its value. You can acquire gold and sell it in the future when conditions improve. It is considered a safe investment option that people turn to during uncertain times.
Gold prices in Germany today in euros and dollars
| Gold karat | Euro | USD |
| Gram of 24 karat gold | 58.31 | 62.57 |
| Gram of 23 karat gold. | 55.88 | 59.96 |
| Gram of 22 karat gold | 53.45 | 57.35 |
| Gram of 21 karat gold | 51.02 | 54.75 |
| Gram of 18 karat gold | 43.73 | 46.93 |
| Gram of 16 karat gold | 38.87 | 41.71 |
| Gram of 14 karat gold | 34.02 | 36.5 |
| Gram of 12 karat gold | 29.16 | 31.28 |
| Gram of 10 karat gold | 24.3 | 26.07 |
| Gram of 9 karat gold | 21.87 | 23.46 |
| Gram of 8 karat gold | 19.44 | 20.86 |
| Gram of 6 karat gold | 14.58 | 15.64 |
| Ounce of gold | 1813.72 | 1946.06 |
| Kilogram of gold | 58312.49 | 62567.2 |
German Families and Gold Acquisition
Before delving into discussing today’s gold prices in Germany, perhaps a question may arise in the mind of our esteemed reader regarding the attitude of German families towards gold and the extent of their love for owning it.
To answer this question, we can look at a study conducted in 2021 on behalf of the Free University of Berlin, which found that the gold holdings of Germans reached approximately 9,100 tons.
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Based on this study, German households own more than 6% of the world’s gold reserves, with a financial value equivalent to 616 billion euros, experiencing significant growth rates within a short period of time. Gold ownership in 2019 was approximately 8,900 tons, and accordingly, Germans have achieved an increase of around 207 tons in just about two years.
Sources of gold in Germany
Well, we have learned that German families have been increasingly passionate about acquiring gold in recent years. But the question that arises here is, what are the sources of gold in Germany? Does Germany extract its gold from its own lands, or does it import it entirely from abroad? And more importantly, what are the gold prices in Germany today?
When you hold your phone to search for gold prices in Germany today, know that most likely that gold has been extracted from Germany itself. Germany relies on three domestic sources for gold production.
These sources include recycling, industrial mining, and artisanal and small-scale mining (ASM). Recycling is perhaps the most common among the three types globally, not limited to Germany alone.
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German gold is recycled in German metal refineries, and in general, recycled gold represents about one-third of global production. 90% of this production comes from the jewelry industry, while the remaining 10% is sourced from the industrial sector.
Gold obtained through mining is referred to as primary production, and it is acquired using modern techniques, large machinery, and automated equipment.
Despite providing numerous employment opportunities and local services, negative impacts are possible if the process is not managed properly.
Artisanal mining or small-scale mining has witnessed a significant trend in recent years and is increasingly recognized globally as a crucial method for gold extraction.
As artisanal mining represents approximately 90% of the workforce in the global gold sector, it plays a significant role in gold production worldwide.
Gold production in Germany through mining
We have dedicated a section to discuss gold mining in Germany, specifically considering it as an integral part of Germany’s history. The state of Thuringia, located in central-eastern Germany, has a long history of mining dating back to the 13th century AD.
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Germany has successfully maintained gold production from the Rhine River throughout the Middle Ages. However, the availability of gold extracted from the Americas became widespread.
Despite a slight decrease in Germany’s gold reserves from the first quarter of 2021 to the same period of the current year, Germany still ranks nineteenth among the largest gold-producing countries worldwide.
Refining and its impact on the gold market in Germany
The gold market in Germany has witnessed activity in recent years, partly due to steps taken by the German government to refine its owned gold. First, let us clarify what gold refining is in essence
Gold refining is the process in which governments bring back their stored gold from abroad to their homeland. Many countries utilize foreign vaults to store a portion of their gold reserves.
In the present era, many countries resort to the Federal Reserve Bank in New York, where several nations have stored their gold reserves. Countries like Austria, Belgium, the Netherlands, and, of course, Germany have entrusted their gold wealth to be held there.
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The steps for gold repatriation in Germany began with the decision of the German central bank in January 2013 to repatriate 300 tons of its gold reserves stored with the United States, with a total amount of 1,500 tons.
In addition to the well-known decision by the German central bank, also known as “Deutsche Bundesbank,” to repatriate 374 tons of German gold reserves stored in France by the year 2020, this quantity represents a portion of the total of 1,695.3 tons held by Germany in France. The repatriated portions were deposited in Frankfurt.
The decision to repatriate gold reserves by the German central bank has led to an upward trend in the gold market in Germany. The implementation of this decision began with the repatriation of five tons in 2013. Due to logistical challenges, the amount repatriated increased to 120 tons in 2014, with 35 tons coming from Paris and 85 tons from New York.
The German efforts to revitalize the gold market in Germany continued with further repatriation in 2015. Germany retrieved 110.5 tons of gold that had been stored in Paris and 99.5 tons of gold from New York. These repatriation efforts aimed to bolster the gold market in Germany and strengthen the country’s control over its gold reserves.
Finally, in 2016, Germany repatriated a quantity of gold that reached 200 tons. Undoubtedly, these movements played a prominent role in revitalizing the gold market in Germany and increasing awareness among Germans about this type of investment and their desire to benefit from it.
Gold prices today in Germany
We have finally reached the anticipated part of our article, where we will discuss the gold price today in euros in Germany, as well as in dollars and also in pounds sterling, by presenting them in tables. It is planned to update these tables on a daily basis to ensure that the information you obtain when visiting our website is up to date.
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Not only that, if you can’t wait until the next day when we update, you will find a link through which you can check gold prices in Germany every 15 minutes. So, let’s start discussing the price of this precious metal.
The price of an ounce of gold in Germany today
| Gold Unit | The price of an ounce of gold in euros (EUR) | The price of an ounce of gold in US dollars (USD) |
|---|---|---|
| The price of a 24-carat gold ounce | 1814.88 EUR | 1947.61 USD |
| The price of a 22-carat gold ounce | 1663.64 EUR | 1785.30 USD |
| The price of a 21-carat gold ounce | 1588.02 EUR | 1704.15 USD |
| The price of an 18-carat gold ounce | 1361.16 EUR | 1460.70 USD |
| The price of a 14-carat gold ounce | 1058.68 EUR | 1136.10 USD |
| The price of a 12-carat gold ounce | 907.44 EUR | 973.80 USD |
| The price of a 10-carat gold ounce | 756.20 EUR | 811.50 USD |
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Gold prices in Germany are updated every 15 minutes
That was an offer we provided, stating the price of an ounce of gold in Germany over the past week. As mentioned earlier, it will be continuously updated.
However, if you wish to receive real-time updates on the price of gold per ounce in Germany, you can use this link to access gold prices in Germany every 15 minutes and stay updated on the moment-to-moment changes in gold pricing. And now, moving on to the following table.
The price of one gram of gold today in Germany
In the following table, we will not only discuss the price of one gram of gold in Germany, but you will also find it in US dollars and British pounds. We will not only mention today’s price, but also provide a weekly overview with daily updates to the table content.
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| Gold Unit | Gold prices per gram in Euros (EUR) | Gold prices per gram in US Dollars (USD) |
|---|---|---|
| The price of gold 24 carats | 58.35 EUR | 62.62 USD |
| The price of gold 22 carats | 53.49 EUR | 57.40 USD |
| The price of gold 21 carats | 51.06 EUR | 54.79 USD |
| The price of gold 18 carats | 43.76 EUR | 46.96 USD |
| The price of gold 14 carats | 34.04 EUR | 36.53 USD |
| The price of gold 12 carats | 29.17 EUR | 31.31 USD |
| The price of gold 10 carats | 24.31 EUR | 26.09 USD |
If you are looking for a quicker way to check the price of gold per gram in Germany in Euro, Dollar, and British Pound, you can visit this link to obtain accurate gold prices in Germany every 15 minutes.
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The price of gold per kilogram in Germany
In the following table, we will discuss the gold prices today in Germany per kilogram, and the prices will be mentioned in euros, dollars, and pounds sterling, just like in the previous tables.
| Gold Unit | The price of one kilogram of gold in euros (EUR) | The price of one kilogram of gold in US dollars (USD) |
|---|---|---|
| The price of one kilogram of 24-carat gold | 58350 EUR | 62620 USD |
| The price of one kilogram of 22-carat gold | 53490 EUR | 57400 USD |
| The price of one kilogram of 21-carat gold | 51060 EUR | 54790 USD |
| The price of one kilogram of 18-carat gold | 43760 EUR | 46960 USD |
| The price of one kilogram of 14-carat gold | 34040 EUR | 36530 USD |
| The price of one kilogram of 12-carat gold | 29170 EUR | 31310 USD |
| The price of one kilogram of 10-carat gold | 24310 EUR | 26090 USD |
If you wish to receive faster updates on today’s gold prices in Germany per kilogram, you can access reliable gold prices in Germany every 15 minutes through this link.
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The price of gold in Germany today, 21-carat
The gold price in Germany today for 21 karat gold, which indicates the gold content ratio 87,5%The price of 21 karat gold in Germany today has reached 51.43 euros per gram. Please note that we update the price of 21 karat gold in Germany on a daily basis to ensure that the information remains current. We recommend following the price changes on our website to stay up to date.
The factors influencing gold prices in Germany, whether they increase or decrease.
Perhaps our esteemed reader may have wondered when the price of gold decreases or increases in Germany. They might be interested in understanding the factors that generally affect gold prices in Germany. Well, we will promptly answer your question.
Gold, my dear, is a globally traded commodity, which means its prices are always subject to movement. There are numerous factors that affect gold prices, both in Germany and worldwide. Let’s focus on Germany specifically. Gold prices in Germany experienced an increase during the year 2018, albeit with some minor fluctuations.
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Gold prices in Germany reached their peak during mid-2020, then temporarily declined again at the beginning of 2022, marking the lowest point. To summarize the answer to the question of when gold prices decrease in Germany, the following points can be highlighted:
- Central Bank Activity.
- Sharp fluctuations in currency prices.
- Changes in interest rates.
- Inflation and its effects.
- Demand for investment in jewelry.
- Fluctuations in the gold market in Germany in general.
The factors influencing gold prices today in Germany.
In the world of economics, gold is considered a safe haven for both investors and traders. The price of gold is influenced by several interrelated factors, and in Germany, these factors play a crucial role in determining the gold price. Here are some of the key factors that affect gold prices today in Germany:
- Global Economy: In the face of volatile global economic conditions, many investors turn to gold as a safe haven. Gold prices today in Germany are influenced by trade tensions, economic fluctuations between major countries, and key economic events.
- Monetary Policy: European interest rates and decisions made by the European Central Bank play a significant role in determining gold prices today in Germany. When interest rates are low, there is often greater demand for gold as an attractive alternative investment.
- Euro Strength: Gold prices are affected by the strength of the Euro against other currencies, especially the US dollar. When the Euro is strong, it enhances the purchasing power for buying gold, leading to higher gold prices today in Germany.
- Supply and Demand: Gold prices are influenced by global supply and demand levels. For example, an increase in local gold production or imports from gold-producing countries may lead to lower prices. Conversely, if demand for gold surpasses the available supply, it can drive prices higher.
- Geopolitical Factors: Gold prices today in Germany are influenced by significant geopolitical events and international tensions. These situations often result in an increased demand for gold as a safe haven investment, such as during wars, revolutions, and political crises, all of which have an impact on the price of gold.
- Inflation: Gold is considered a hedge against inflation as currencies tend to lose value over time, especially in periods of high inflation rates. Investors often turn to gold as a means to preserve the value of their savings and investments.
- Technology and Innovation: The demand for gold in technology industries plays a role in determining its prices. If there is an increased demand for gold in sectors such as electronics, medical, or other industrial sectors, it can have a positive impact on gold prices today in Germany.
- Market Volatility: Gold prices are influenced by market volatility, as investor and speculator behavior in stocks, bonds, and currencies can impact gold prices today in Germany.
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Gold prices in Germany are influenced by a variety of interconnected factors, including economic events, geopolitical developments, technology, and monetary factors.
Therefore, it is crucial for investors and traders to carefully study these factors in order to anticipate movements in gold prices and make appropriate investment decisions.
Significant increase in gold prices in Germany during times of crisis
During times of crisis, people turn to safe havens to protect their wealth from economic and political fluctuations. In these moments, gold prices in Germany gain greater value for both investors and citizens alike.
Since ancient times, gold has always been a symbol of stability, strength, and wealth. In Germany, a country known for its economic power and sustainable growth, the current increase in gold prices reflects the hopes and concerns of people in modern times.
Especially in this period filled with global challenges and tensions, German investors, in particular, gravitate towards gold as a symbol of security when economic storms brew, political uncertainties accumulate, and anxieties seep into the hearts of investors. This drives them towards investing in gold.
Gold tells a story of determination and resilience, where events unfold and crises change, yet gold continues to shine in the darkness of the night, reflecting the sun of hope in people’s hearts.
Gold prices in Germany dance to the rhythm of news and expectations, sometimes rising and sometimes falling. However, they always reflect the human desire for stability and security.
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In these crises sweeping the world and casting their shadows over Germany, the tree of gold with its golden branches, bearing the fruits of trust and tranquility, grows. Its roots extend into the soil of history, drawing wisdom from the depths of the earth.
Investors gather around it with hope and optimism, reaping its fruits to secure their future and protect their wealth from the clutches of crises and fluctuations.
With each rise in gold prices today in Germany, the voices emphasizing the strength of this precious metal and its importance in the German economy grow louder.
Some view the current increase in gold prices in Germany as an opportunity for quick profits, while others consider it indicative of the growing concern over volatile global conditions.
In both cases, gold remains a focal point for everyone’s attention and a center of interest for investors.
Germany remains a strong fortress for gold, committed to promoting economic stability and securing the future of its citizens. In times of crisis, today’s gold prices in Germany reflect the strong desire of the German people to achieve security and prosperity, a desire that cannot be suppressed by any economic or political storm.
In the end, gold remains a pendant that hangs on the chest of history, reminding us that hope and security can emerge from the midst of crises and challenges.
In Germany, this is manifested by the rising and strong growth of gold prices, reflecting the will of a people who do not surrender to difficulties and insist on moving forward towards a brighter future.
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The price of one gram of gold in Germany in euros (EUR)
| Gold Unit | The price of one ounce of gold in euros (EUR) | The price of one ounce of gold in US dollars (USD) |
|---|---|---|
| The price of an 8-gram 24-carat gold pound | 466.8 EUR | 500.96 USD |
| The price of an 8-gram 22-carat gold pound | 427.92 EUR | 459.2 USD |
| The price of an 8-gram 21-carat gold pound | 408.48 EUR | 438.32 USD |
| The price of an 8-gram 18-carat gold pound | 350.08 EUR | 375.68 USD |
| The price of an 8-gram 14-carat gold pound | 272.32 EUR | 292.24 USD |
| The price of an 8-gram 12-carat gold pound | 233.36 EUR | 250.48 USD |
| The price of an 8-gram 10-carat gold pound | 194.48 EUR | 208.72 USD |
The price of one gram of gold in Germany today in euros
- The price of one gram of 24-carat gold in Germany today is 58.35 euros.
- The price of one gram of 22-carat gold in Germany today is 53.49 euros.
- The price of one gram of 21-carat gold in Germany today is 51.06 euros.
- The price of one gram of 18-carat gold in Germany today is 43.76 euros.
- The price of one gram of 14-carat gold in Germany today is 34.04 euros.
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Frequently Asked Questions about gold prices today in Germany
What are the reasons that have encouraged Germans to invest in gold?
It was an attempt by them to preserve value and protect against the risk of inflation, as well as to seek ownership of a high-value tangible investment.
What are the categorizations of the German society interested in owning gold?
Categories of the German community interested in investing their money in purchasing gold can be divided into the following:
– 43.9% of Germans have invested in gold to preserve and potentially increase the value of their wealth over time.
– 33% of Germans have invested in gold to hedge against inflation.
– 31.1% of Germans have owned gold with the intention of investment.
– 29.7% entered the gold investment field during the COVID-19 pandemic.
Which age groups within the German community are more inclined towards investing in gold?
Those born between 1995 and 2010, often referred to as Generation Z, are the most inclined among all age groups within the German community towards investing in gold.
What is Germany’s gold reserve?
Germany’s gold reserve stands at approximately 3,358.49 metric tons as of the first quarter of the current year 2022. This represents a slight decrease compared to Germany’s gold reserve in the first quarter of 2021, which was recorded at 3,359.09 metric tons.
What is the price of 24-carat gold in Germany?
The price of 24-carat gold has reached 58.35 euros per gram.
What is the price of 22-carat gold in Germany?
Gold prices in Germany today reached €53.49 per gram for 22-carat gold.
What is the price of 18-carat gold in Germany?
Today’s gold prices in Germany for 18 karat gold reached 43.76 euros per gram.
What is the price of 14-carat gold in Germany?
Today, gold prices in Germany have reached €34.04 per gram for 14-carat gold.
What is the weight of a 21-carat gold ounce?
One ounce of 21-carat gold weighs approximately 28.349523125 grams.
How much is 85 grams of gold worth in euros?
If the price of gold per gram in Germany in euros is 54.66 euros, and we want to calculate the price of 85 grams, we multiply 54.66 by 85, resulting in 4,646.1 euros.
What is the price of 100 grams of gold in Germany?
Using the same equation, if the price per gram is 54.66 euros, multiplying that value by 100 would give a total of 5,466 euros.
How can the price of a gold necklace in Germany be accurately determined?
This website provides reliable updates on the price of gold necklaces in Germany, and it also allows for the purchase of gold jewelry. Which (styles/designs) appeal to you in Germany and can be delivered to your doorstep.
Please note that the global website Amazon also provides updates on the price of gold necklaces in Germany, and you can shop for them by visiting this link. Indeed, Amazon doesn’t miss an opportunity for e-commerce in all its domains.
How is the price of gold alloy determined in Germany?
It is determined based on the weight of the desired gold alloy.
