24K gold price in Madrid today
On November 5, 2026, 24K gold in Madrid costs 117,32 EUR per gram and 3.649,08 EUR per troy ounce, based on the live international spot price.
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24K gold price in EUR by weight
| Weight | Spot value | Buy (bid) | Sell (ask) |
|---|---|---|---|
| 1 g | 117,32 | 114,97 | 119,67 |
| 5 g | 586,60 | 574,87 | 598,34 |
| 8 g | 938,57 | 919,79 | 957,34 |
| 10 g | 1.173,21 | 1.149,74 | 1.196,67 |
| Troy ounce | 3.649,08 | 3.576,10 | 3.722,07 |
| Tola | 1.368,41 | 1.341,04 | 1.395,77 |
| Kilogram | 117.321 | 114.974 | 119.667 |
What is 24K gold?
24K gold is 99.9% pure (hallmark 999). It is soft and bright yellow, so it is used mainly for bars, coins and some traditional jewelry in Asia.
The 24K price is calculated as the 24K price multiplied by 1. Today that gives 117.32 × 1 = 117,32 EUR per gram.
Quick calculator
Gold spot price trend (USD/oz)
How the gold price in Madrid is calculated
We take the live spot price of 4,100.50 USD per troy ounce, divide it by 31.1035 to get 131.83 USD per gram of pure gold, and multiply by today’s exchange rate of 0,8899 EUR per dollar. That gives 117,32 EUR per gram for 24K. Lower karats are priced by their gold content.
In Spain, jewelry is almost always 18K (hallmarked 750). Investment gold is VAT-exempt under EU rules, while jewelry carries standard VAT. "Compro oro" shops pay below the spot price.
Gold in Madrid is priced in the same currency as the rest of Spain; differences between shops come from margins and making charges, not from the metal price.
Before you sell, weigh your pieces on a jeweler’s scale, check the hallmark and compare at least two quotes. Read our guide to selling gold.
More gold prices in Madrid
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