Gold price per troy ounce in Madrid
On November 5, 2026, one troy ounce of 24K gold in Madrid is worth 3.649,08 EUR; 22K is 3.342,56 EUR and 18K is 2.736,81 EUR.
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Price per troy ounce in EUR by karat
| Karat | Per troy ounce | Buy (bid) / gram | Sell (ask) / gram |
|---|---|---|---|
| 24K999 | 3.649,08 | 114,97 | 119,67 |
| 22K916 | 3.342,56 | 105,32 | 109,62 |
| 21K875 | 3.192,95 | 100,60 | 104,71 |
| 18K750 | 2.736,81 | 86,23 | 89,75 |
| 14K585 | 2.134,71 | 67,26 | 70,01 |
| 10K417 | 1.521,67 | 47,94 | 49,90 |
| 9K375 | 1.368,41 | 43,12 | 44,88 |
About this unit
Gold is priced internationally per troy ounce, which equals 31.1035 grams — about 10% heavier than the ordinary (avoirdupois) ounce of 28.35 g.
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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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