Gold Market Report
Portugal Gold Market Report
Independently researched coverage of the Portugal gold market, last verified Sep 1, 2026. 24K gold is currently €121.04 per gram.
See the live gold price page for Portugal →Research coverage
4 of 4 research sections published for Portugal.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in EUR.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | €121.04 | €3,764.74 | €1,411.78 | €121,039.34 |
| 22 karat (916.7) | €110.97 | €3,451.49 | €1,294.31 | €110,967.86 |
| 21 karat (875) | €105.92 | €3,294.48 | €1,235.43 | €105,920.02 |
| 18 karat (750) | €90.79 | €2,823.84 | €1,058.94 | €90,788.59 |
| 14 karat (583.3) | €70.61 | €2,196.20 | €823.57 | €70,609.31 |
| 10 karat (416.7) | €50.44 | €1,568.93 | €588.35 | €50,442.14 |
Trend
Last 3 months
Per gram · EUR
- Change
- +6.47%
- Low
- €112.43
- High
- €130.45
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Portugal gold market
Portugal has a traditional gold standard uncommon elsewhere: 19.2-karat (800 millesimal fineness), historically the preferred purity for Portuguese jewellery, alongside the more internationally familiar 18K (750).
Read the full section on the live price page →Market notes
Portugal follows the EU-wide investment-gold VAT exemption for qualifying bars and coins (900+ fineness, minted after 1800, legal tender, priced within 80% of metal value), maintaining an annually-updated list of exempt gold coins per Council Directive 2006/112/EC.
Read the full section on the live price page →Buying gold in Portugal
Portugal's standard 23% VAT (the highest of its three VAT bands) is what applies to gold jewellery, versus zero VAT on qualifying investment gold -- a meaningful gap worth confirming before comparing a Portuguese quote to KmalServico's live reference.
Read the full section on the live price page →Tax & duty notes
Qualifying investment gold (900+ fine coins minted after 1800, legal tender, priced within 80% of metal value, plus qualifying bars) is VAT-exempt in Portugal under the EU-wide investment-gold framework.
Read the full section on the live price page →Sources
What the Portugal research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- VATupdate — Portuguese Tax Authority Updates VAT Exempt Gold Coins List
Supports: Portugal's annually-updated investment-gold-exempt coin list under Council Directive 2006/112/EC
Checked Sep 1, 2026
- Numeral — Portugal VAT Rates and Compliance (2026)
Supports: Portugal's three VAT bands (6%, 13%, 23%) with 23% as the standard rate applying to jewellery
Checked Sep 1, 2026
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Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
- investment
Gold vs Silver as an Investment
Which precious metal is right for your portfolio?
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from xaus.com + gold-api.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.