📌 Live Gram Snapshot (EUR):
- • 24K (999 Fine Gold): €113.74
- • 21K (875 Gold): €99.52
- • 18K (750 Gold): €85.31
- • 14K (585 Gold): €66.54
How Gold Price per Gram is Calculated in Germany
The price of 1 gram of gold in Germany is determined by converting the global London Bullion Market (LBMA) spot price from US Dollars to Euros using the official European Central Bank (ECB) reference exchange rate, multiplied by the exact purity fraction:
Gram Price = (Spot USD / 31.1035) × EUR/USD Rate × (Fineness / 1000)
German Tax Laws on Gold (§ 25c UStG & § 23 EStG)
0% VAT Exemption (§ 25c UStG):
Investment gold bars (purity ≥ 995) and qualifying gold coins (minted after 1800, purity ≥ 900) are 100% exempt from German Value Added Tax (0% MwSt). Jewellery incurs 19% standard VAT.
100% Tax-Free Profits After 1 Year (§ 23 EStG):
Under German income tax law § 23 EStG (Spekulationsfrist), physical gold sales held for more than 12 months (365 days) are completely tax-free regardless of the profit realized.
Practical Calculation Example
💡 Selling 10 grams of 18K (750) scrap jewellery in Germany:
- Fine 24K spot price per gram: €113.74
- 18K intrinsic value per gram: €85.31
- Total 10g intrinsic value: €853.06
- Dealer smelting/refining deduction (~6%): €51.18
- Net Cash Payout: €801.88