Gold Price in Euros
Though the Euro is the currency of the land over most of a continent, it has not supplanted the US dollar as the unit of measure for gold. So, it can be a frustrating time for those in the EU who want to monitor the price of gold, since keeping track of exchange rates is a task unto itself.
This page is designed to help take away some of that sting. Our interactive Euro gold price chart has the last 30 years of gold’s price in graphic form, only expressed in EUR, rather than USD.
Why Monitor Gold in Euros?
European gold investors might need to consider the weakness or strength of the euro against the US dollar. However, this third element actually presents Europeans with the potential for investment opportunities that Americans do not have, as follows:
- If the euro grows weaker against the dollar, it becomes more expensive for Europeans to buy the same amount of gold. Thus, demand for gold tends to diminish, and, assuming its supply remains the same, the price of gold has nowhere to go but down.
- If the euro strengthens, though, it can have the opposite effect. A stronger euro means that gold is more affordable, and European investors will respond by buying gold. More buying means higher demand, and higher demand, all else equal, means a higher gold price.
Related: Silver Price in Euros
How to Use the Gold Price Chart
Our Euro gold price chart is engineered to allow you as much flexibility and customizability as possible. Whatever level of study you need to do, you should have no problems here.
First and foremost, the prices listed are the closing prices for each day of trading. Although intraday trading might have caused the price to go much higher or lower, we are only reporting how the price sat at close of business.
You can find specific results for every day between January 1, 1995 and today. However, you will need to zoom in or look at a smaller date range to see actual days. Larger timeframes may give you weekly or monthly averages instead.
Manage your desired timeframe in one of three ways. You can use one of the preset radio buttons on the dashboard, fill in a start and end date in the blanks beneath the buttons, or adjust the slider underneath the chart itself.
We also update the current day’s trading price in real time at the top of the dashboard. We also provide running updates of the bid, ask, high, and low prices set during intraday trading.
Finally, you can also look for trends and correlations between the price of gold in euros and other financial metrics, such as the price of crude oil, the Dow Jones Industrial Average, or even the strength of the dollar itself.
Notable Events that Caused the Price to Shift
Gold’s price is uniquely attuned to the emergence and outcome of various world events. The table below is a compendium of record highs that gold has set over the years, along with an explanation of what world events are likely to have caused the gold price to move.
| Date | Closing price (EUR) | Notes |
|---|---|---|
| May 11, 2006 | €561.19 | Gold used to be relatively inexpensive. Even as late as January 2005, you could buy a troy ounce of it for not much more than €300. However, the growing dismay about the economy and concerns about debt worldwide pushed gold to a new record high in May 2006. |
| October 1, 2012 | €1,377.81 | The years since the 2006 all-time high had borne only uncertainty and strain on the economy. The 2006 number only stood as the record for about a year, and gold continued to ascend consistently until this mark in October 2012. The Great Recession and the associated European debt crisis pushed the price of gold to untold heights – almost three times the record set only six months prior. |
| August 6, 2020 | €1,742.51 | The record gold price set in 2012 stood as the apex for nearly seven years. Then, inflation and economic fears in the second half of 2019 resulted in a slight bump over the previous mark in September. However, the onset of the COVID-19 pandemic plunged the world into a new paradigm, and the resulting fear and economic breakdown sent investors screaming into the arms of gold. |
| March 8, 2022 | €1,875.45 | Gold largely retreated from its new precipice for the next 18 months, and could be obtained for roughly €50 over the 2012 record price – a feat remarkable due to the inflation that had taken place in the time period. However, Russia’s aggressive military invasion of Ukraine bore a new wave of uncertainty against the potential of a major conflict and, depending on how things went, a worldwide war. Thus, two weeks after the incursion, gold found itself atop a new mark, and nearly reached €1,900/oz for the first time. |
| April 21, 2025 | €2,974.15 | Until February 2024, gold’s price remained rather steady at or around the record reached in March 2022. However, conditions in the world began to deteriorate rapidly in 2023 when Hamas launched its own war into Israel. To that, the world in general and the US in particular began to inflate their currencies, further unbalancing the geopolitical situation. Finally, with new US President Trump essentially getting into a trade war with China and several other countries, gold raced to nearly €3,000 in April 2025. It is not clear that the record setting is finished, either. |
What Influences the Price of Gold?
As mentioned above, gold’s price is susceptible to influence from external world events. More specifically, those events can affect either the supply or demand for the metal, and those effects can cause the expected price adjustments.
Just for reference, prices go up either when supply drops, demand increases, or both. Prices drop when the opposite situation(s) occur – an increase in supply, a drop in demand, or both. Here are some of the factors that can influence one of these economic drivers.
- Economic stability – The underlying economic situation worldwide and, unfortunately, in the US can have a profound impact on the movement of gold’s price. A stable and thriving economy gives consumers confidence, and they don’t tend to buy gold as much – sending the price down. However, when times are bad, gold becomes a safe haven asset for many people and it gets more expensive to buy.
- Geopolitical conditions – The world is rarely at peace. There are always skirmishes and disagreements. However, larger wars tend to unsettle everyone about the potential effects that they may have on supply, demand, and the international economy. Thus, when wars break out, it is common to see the price of gold increase due to investors seeking out a refuge for their net worths. Geopolitical conflicts don’t always have to be military engagements, either – the ongoing US trade war with China and other countries has pushed the gold price to new heights recently.
- Inflation – Each new piece of currency added to the money supply dilutes and devalues the individual value of each bill – we call this process inflation, and governments usually inflate their currencies in order to pay for budget shortfalls. Needless to say, investors don’t like watching their own nest eggs become less valuable, so they usually turn to gold in order to protect the value of their wealth until inflation settles down. More demand results in higher gold prices, all else equal, so gold’s price tends to increase alongside the rate of inflation.
- Mining logistics – Getting gold out of the ground is a difficult, expensive, and dangerous prospect. Mining gold ore requires heavy machinery, transport, and a ton of manpower. If one of the world’s major producers encounters a problem with finding the gold, extracting the ore, and moving it to a refinery. Typical problems may be breakdowns on the machinery, labor shortages, or less-productive ore veins. In those cases, the supply of gold gets squeezed, and the price of gold goes up.
- Central bank actions – Central banks are the official banking arms of sovereign governments, and they wield a great deal of money and power in the market. So, if a central bank elects to increase its stores of gold, the constriction of supply can cause the prices to escalate. Incidentally, many major investors look to the actions of central banks as signals, and may pile on if a central bank goes on a shopping spree. The increased demand means higher prices, too. On the other hand, a central bank selloff can have the opposite effect and drive down the price of gold.
Gold Prices in Euros
The European Union is a financial and political union composed of 27 member states in Europe. The EU operates as an internal single market that is designed to allow for the free movement of goods, services, people and money within it.
Of the 27 member states of the European Union, 20 of them use the euro as their official currency. 6 of the 7 member states that have not adopted the euro so far will do so when they have met the conditions for doing so. The seventh country, Denmark, is in position of an opt-out clause as part of its EU membership and has chosen to remain with the Danish krone as its currency.
Thus, the euro is the official legal tender in the following countries:
- Austria
- Belgium
- Croatia
- Cyprus
- Estonia
- Finland
- France
- Germany
- Greece
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- The Netherlands
- Portugal
- Slovakia
- Slovenia
- Spain
Collectively, this group of countries is known as the “eurozone.” EU members that have not joined the eurozone yet include Bulgaria, Czechia, Hungary, Poland, Romania, and Sweden. The United Kingdom is a former member of the European Union, but elected to leave and is one of the only countries in Europe not participating in the codicils of the European Union.
As a global reserve currency and the shared currency of several countries, the euro has an important place at the table among the globe’s economic elite. Gold and silver coin and bullion are often transacted in this key currency, and prices in euros are readily available for investors both in and outside of the EU. Thus, the chart above should solve many headaches for gold investors living on the European continent.
European Gold Coins and Mints
Europe produces some of the finest gold and silver coinage in the entire world. The Austrian Gold Philharmonic, for example, is produced by the Austrian Mint and pays tribute to the Viennese Philharmonic Orchestra. These gold coins have been a consistent top-seller in Europe and have been minted since 1989.
The French 20 Franc Gold Coin was struck from 1899 to 1914. These gold coins feature the Gallic rooster, which is recognized as an unofficial symbol of France. This coin contains .1867 ounces of .900 percent fine gold. Before the introduction of the euro as a shared currency, francs were widely used and accepted in Europe. If you are looking for a European gold coin with historical value, these coins make a great choice.
Although Great Britain voted in June of 2016 to exit the European Union, its gold bullion products are still likely to remain very popular with investors and collectors in the EU. The British Gold Britannia coin is a highly popular gold coin featuring rich symbolism of the British people. The one ounce gold Britannia contains one troy ounce of .9999 percent fine gold and carries a face value of 100 (GBP). The coin is also available in other sizes as well. The gold coin debuted in 1987 from the Royal Mint, and has been a favorite among gold coin enthusiasts since that then.
Europe is home to many of the world’s finest mints and fabricators. These mints produce coin and bullion products enriched with history and symbolism of the region’s past. As a global reserve currency and the shared currency of several countries, the euro has an important place at the table among the globe’s economic elite. Gold and silver coin and bullion are often transacted in this key currency, and prices in euros are readily available for investors both in and outside of the EU.
World Gold Prices
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- United Kingdom Gold Price
- United States Gold Price
