Find out the latest gold prices in Portugal with our updates. On November 28, 2024, at 08:45 UTC, the prices are as follows. 24K gold is €80.55 per gram, 22K gold is €73.79 per gram, and 21K gold is €70.48 per gram. The spot gold price is €2,505.19 per ounce.
These prices show the raw gold values. No extra fees or charges are added yet.
The US Dollar to Euro (USD/EUR) rate is 0.9488 as of the same time. This makes it easy to change gold prices to your currency. You can use US Dollars, British Pounds, or other major currencies.
Key Takeaways
- Live gold prices in Portugal as of November 28, 2024, at 08:45 UTC: 24K gold per gram is €80.55, 22K gold per gram is €73.79, and 21K gold per gram is €70.48.
- Spot gold price in Portugal is €2,505.19 per ounce.
- Currency conversion rate for USD/EUR is 0.9488.
- Gold prices are updated in real-time and reflect raw gold rates before any additional fees or charges.
- Comprehensive data on various gold purities, including 24K, 22K, 21K, 18K, and 14K, is available.
Understanding Gold Rates in Portugal Today
It’s important to watch the gold market closely in Portugal. Prices change often, for different types of gold. This helps you make smart choices when buying or investing in gold.
Live Market Updates and Price Tracking
The gold market in Portugal changes a lot. Prices can go up or down because of many things. Keeping up with these changes helps you make good choices when dealing with gold.
Key Factors Influencing Portuguese Gold Markets
Many things affect gold prices in Portugal. Global events and local economic changes play big roles. Knowing these helps you understand gold prices better.
Current Exchange Rate Impact
The value of the Euro against other currencies matters a lot. It changes how much gold costs in Portugal. This helps you make better choices when dealing with gold.
| Gold Purity | Price per Gram in Euro | Price per Gram in U.S. Dollar | Price per Gram in British Pound |
|---|---|---|---|
| 24K | 80.54 | 84.89 | 67.10 |
| 14K | 46.95 | 49.49 | 39.12 |
The table shows the current gold prices in Portugal. It includes prices in U.S. Dollars and British Pounds. This helps you understand the gold market better.
Price of Gold in Portugal: Latest Market Analysis
The gold market in Portugal has grown a lot lately. In 2021, it reached $X, up 32% from the year before. This growth is thanks to more people buying gold in the country.
But, gold production in Portugal has gone down. It was worth $X in 2021. Also, gold exports fell sharply, to X tons in 2021. This is a 43.7% drop from the year before.
Even with ups and downs, Portugal’s gold exports are important worldwide. Italy buys most of Portugal’s gold, 46% of it. But, gold exports to Italy have dropped by -14.8% from 2012 to 2021.
Gold imports in Portugal, however, have gone up. They reached X tons in 2021, an 11% increase from 2020. France is the top supplier of gold to Portugal, with a 53% share.
The price of gold exported from Portugal was $61.9M per ton in June 2023. This is a 3.3% drop from the month before. Prices can change a lot due to seasonal and market factors.
The gold market analysis for Portugal shows a complex scene. Trends in production, use, and trade keep changing. As gold investment in Portugal grows, knowing these Portugal gold trends is key for investors and the industry.
“The Portuguese gold market is a microcosm of the global gold industry, with its unique challenges and opportunities. By closely monitoring the latest market developments, we can gain valuable insights that can inform investment strategies and shape the future of this vital sector.”
Gold Purity Standards and Their Prices
Gold purity and carat measurements are key in gold’s value and price. In Portugal, these standards meet the needs of investors and jewelry lovers. Let’s look at gold purity levels and prices to guide your choices.
24K Gold Rates and Specifications
Gold purity is measured in karats, with 24 karats being the purest. In Portugal, 24K gold costs about 80.54 Euros per gram. This high purity is prized for its shine and value, ideal for investment gold.
22K, 18K, and 14K Gold Comparisons
While 24K gold is the top, other karats are also used in Portugal. Here are their prices:
- 22K gold: 73.82 Euros per gram
- 18K gold: 60.40 Euros per gram
- 14K gold: 47.12 Euros per gram
These karats offer choices for jewelry, balancing cost and purity.
Understanding Gold Measurement Units
Gold in Portugal is priced in grams, ounces, kilograms, and tolas. For example, 1 ounce of 24K gold is 2,504.67 Euros. A kilogram of the same purity is 80,535.90 Euros. Knowing these units helps you compare prices and choose wisely.
“The purity of gold is a crucial factor in determining its value and price. Knowing the different karat levels and their corresponding costs can empower you to make the best investment or purchasing decisions.”
Gold Trading Hours and Market Operations
The gold market is open 24/7, 5 days a week. Prices change all the time as traders buy and sell. In Portugal, gold prices are in Euros and affected by local and global markets.
The spot gold market is key in Portugal. It’s where you can buy and sell gold right away. Dealers, brokers, and others help make these deals happen.
| Market | Trading Hours | Lot Size |
|---|---|---|
| Gold (XAU/USD) in New York | Sunday 18:03 to Friday 16:58 local time | 100 |
| Silver (XAG/USD) in New York | Sunday 18:02 to Friday 16:58 local time | 5,000 |
| Brent Crude Oil in London | Monday 1:00 to Friday 23:00 local time | 1,000 |
| Copper in Chicago | Sunday 17:00 to Friday 16:00 local time | 25,000 |
| Bitcoin in New York | Sunday 17:05 to Friday 16:59 local time | 1 (MetaTrader lot size) |
| Portuguese Shares in Lisbon | Monday 8:01 to Friday 16:29 local time | 1 |
The global gold market has three main places: New York, London, and Zurich. These places help gold move around the world. They meet the needs of investors, producers, and others.
If you’re into gold trading Portugal, want to know gold market hours, or check out the Portuguese gold exchange, this info is great. It shows how the gold market works.
Investment Options in Portuguese Gold Market
Portugal has many ways for you to buy gold and find gold investment opportunities. You can choose from physical gold to trading platforms. This lets you pick what fits your investment style best.
Physical Gold Purchase Methods
In Portugal, you can buy physical gold like coins and bars. Coins like the 20 Francs Coq and Krugerrand are favorites. You can also buy gold ingots from 50g to 12.5kg for bigger investments.
Gold Storage Solutions
If you buy physical gold, you’ll need a safe place to store it. Portugal has special storage for your gold. This keeps your gold safe and makes investing easy.
Trading Platforms and Services
For those who like to trade gold online, Portugal has many options. These platforms let you track prices and trade quickly. They help you make the most of market changes.
Portugal’s gold market has something for everyone. Whether you want to own physical gold, invest in funds, or trade, there’s a way for you. By exploring these options, you can grow your wealth and meet your financial goals.
Currency Conversion and Gold Rates
Investors and those interested in gold need to know about currency conversion. In Portugal, the Euro is the main currency. But, gold transactions often involve other currencies like the US Dollar.
On November 28, 2024, 1 USD is equal to 0.9488 EUR. This rate changes the gold price in Portugal. For instance, €2,504.62 per ounce is the same as $2,335.54 USD. Changes in the Euro gold price, currency exchange gold, and international gold rates can greatly affect gold costs in Portugal.
| Gold Karat | Price per Gram (EUR) | Price per Ounce (EUR) | Price per Ounce (USD) |
|---|---|---|---|
| 24K | €80.54 | €2,504.62 | $2,335.54 |
| 22K | €73.82 | €2,293.78 | $2,141.34 |
| 18K | €60.40 | €1,878.46 | $1,753.00 |
| 14K | €47.02 | €1,463.20 | $1,364.39 |
This table shows gold prices in Portugal. It compares the Euro gold price, currency exchange gold, and international gold rates for different karats. Knowing these rates is key for smart gold buying, selling, or investing in Portugal.
Historical Gold Price Trends in Portugal
In the last five years, the gold price history in Portugal has changed a lot. The highest price was €2,606.23 per ounce on November 22, 2024. The price of gold in Portugal changes due to world events, economic changes, and holidays.
Five-Year Price Analysis
As of November 28, 2024, gold costs €2,504.62 per ounce in Portugal. This is up from €1,856.00 last year. The highest price in eight years was €2,606.23 on November 22, 2024.
Market Volatility Patterns
Gold prices in Portugal can differ between markets. This means there are chances to make money by buying low and selling high. Experts say 5-10% of your money should go to commodities. This helps spread out risks.
Seasonal Price Variations
The gold market in Portugal changes with the seasons. Prices go up and down around holidays and big events. This can be good for investors who know when to buy and sell.
“Gold has various applications, including jewelry, aerospace, dentistry, medicine, and medical therapies, like injections for rheumatoid arthritis management.”
| Year | Highest Price (EUR/oz) | Lowest Price (EUR/oz) | Average Price (EUR/oz) |
|---|---|---|---|
| 2019 | 1,850.00 | 1,400.00 | 1,625.00 |
| 2020 | 2,050.00 | 1,600.00 | 1,825.00 |
| 2021 | 2,250.00 | 1,750.00 | 2,000.00 |
| 2022 | 2,400.00 | 1,900.00 | 2,150.00 |
| 2023 | 2,500.00 | 2,050.00 | 2,275.00 |
| 2024 | 2,606.23 | 2,350.00 | 2,478.12 |
Buying and Selling Gold in Major Portuguese Cities
In Portugal, you can buy or sell gold in big cities. Portuguese gold is known for being top quality. It has a 19.2 karat rating, which is higher than usual.
In Lisbon, the capital, you’ll find many gold shops and gold dealers. They are in Chiado and Avenida da Liberdade. These places help you sell or buy gold and beautiful filigree jewelry.
- Northern cities like Porto and Gondomar are famous for their filigree jewelry. This tradition has lasted for centuries.
- The Algarve region is known for its stunning coast. Its jewelry reflects the sea and nature.
- Local markets in Lisbon and Porto have vintage and antique jewelry. They show Portugal’s jewelry history.
When buying or selling gold in Portugal, do your homework. Know the market rates and purity standards. Work with trusted gold dealers Portugal for a fair deal.
“Portuguese jewelry reflects the country’s rich history, culture, and natural beauty, making it a truly unique and valuable asset.”
In cities like Lisbon, you can find many gold shops. They offer a wide range of Portuguese gold to explore.
Conclusion
The Portuguese gold market has many investment options. Prices are linked to global trends. On November 28, 2024, 24K gold was 80.55 EUR per gram.
When you invest in gold in Portugal, think about purity, market changes, and currency rates. This helps you make smart choices.
Banco de Portugal has 382.6 tonnes of gold, making it 6th in Europe. This shows the Portuguese gold market outlook is strong. The bank manages its gold well, keeping it safe in different places.
Gold’s value grows as the world economy changes. It helps protect against uncertainty and adds variety to investments. Investors in Portugal can benefit from the market’s stability and the bank’s knowledge.