Sunday, 10 November 2024, 3:12 PM
Gold Unit | Euro | U.S. Dollar |
---|---|---|
Gold Ounce | 2,504.46 | 2,684.28 |
Gold Gram Karat 24k | 80.53 | 86.31 |
Gold Gram Karat 22k | 73.76 | 79.06 |
Gold Gram Karat 21k | 70.46 | 75.52 |
Gold Gram Karat 18k | 60.40 | 64.73 |
Gold Gram Karat 14k | 47.11 | 50.49 |
Gold Gram Karat 12k | 40.26 | 43.16 |
Gold Gram Karat 10k | 33.58 | 35.99 |
Gold Gram Karat 9k | 30.20 | 32.37 |
Gold Gram Karat 8k | 26.82 | 28.74 |
In Greece, gold is often measured in karats, with certain purities being more popular than others. The most commonly used karat in Greece is 18K, which contains 75% pure gold and 25% alloy metals. This high-quality gold is favored for its durability and rich color, making it ideal for fine jewelry.
Following closely is 14K gold, which consists of 58.3% pure gold. It is valued for its balance between purity and strength, making it a popular choice for everyday wear and various jewelry items. Many Greeks appreciate the lower price point of 14K gold while still enjoying a respectable appearance.
Another commonly found karat is 9K, composed of 37.5% gold. Although less popular than 14K and 18K, it is still used in some jewelry pieces, especially for those seeking more affordable options. The strength of 9K gold makes it suitable for intricate designs and sets.
Finally, 22K gold is less commonly used in Greece compared to the others. It contains 91.6% pure gold and is primarily used for specific traditional pieces and cultural jewelry, appreciated for its deep yellow hue.
The price of gold in Greece is influenced by a variety of factors, analogous to global trends. Primarily, the international gold market plays a pivotal role. Strong fluctuations in global prices, typically dictated by supply and demand, currency values, and economic conditions, directly affect local prices. Gold is traded in US dollars; hence, any changes in the dollar's strength can lead to price adjustments in Greece.
Additionally, local demand impacts gold prices. In Greece, traditional practices such as gifting gold jewelry during weddings and religious occasions can create increased demand. Moreover, economic stability and consumer confidence influence buying behavior. During times of economic uncertainty, Greeks tend to purchase gold as a safe investment, pushing prices higher.
Another significant factor is the taxation and import duties imposed by the Greek government. Taxes can vary depending on the nature of the purchase, affecting the final price consumers pay. Furthermore, local jewelers and dealers may set their prices based on the prevailing global rates, market competition, and their operating costs, thus contributing to the overall price determination in the country.
The gold market is experiencing fluctuations influenced by various economic factors, and Greece is no exception. With rising inflation rates and growing geopolitical tensions, many investors are turning to gold as a safe haven. Forecasts suggest that gold prices may continue to rise in Greece over the next year, driven by global demand and local economic conditions.
In addition, the uncertainty surrounding the European economy, particularly amid discussions related to monetary policy and interest rates, could further bolster gold’s appeal. Analysts predict that if the European Central Bank maintains low interest rates, gold could see a significant uptick. This scenario would support increased purchases from both retail and institutional investors.
Moreover, the impact of the ongoing energy crisis in Europe may also play a role. As energy prices climb, consumer confidence may dwindle, leading to heightened interest in gold as a protective asset. Investors in Greece should closely monitor these developments, as they may significantly affect gold prices in the coming months.
In conclusion, while the gold market remains volatile, the prevailing conditions suggest a bullish outlook for gold prices in Greece as investors seek stability amidst uncertainty.
Date | Gold Ounce | Gold Gram Karat 24 | Gold Gram Karat 22 | Gold Gram Karat 21 | Gold Gram Karat 18 | Gold Gram Karat 14 |
---|---|---|---|---|---|---|
9 November 2024 | 2,490.27 | 80.07 | 73.39 | 70.05 | 60.04 | 46.72 |
8 November 2024 | 2,507.35 | 80.62 | 73.90 | 70.53 | 60.45 | 47.04 |
7 November 2024 | 2,478.75 | 79.70 | 73.05 | 69.73 | 59.76 | 46.51 |
6 November 2024 | 2,514.59 | 80.86 | 74.11 | 70.73 | 60.62 | 47.18 |
5 November 2024 | 2,511.12 | 80.74 | 74.01 | 70.64 | 60.54 | 47.11 |
4 November 2024 | 2,520.11 | 81.03 | 74.27 | 70.89 | 60.75 | 47.28 |
3 November 2024 | 2,515.06 | 80.87 | 74.13 | 70.75 | 60.63 | 47.19 |
2 November 2024 | 2,523.78 | 81.15 | 74.38 | 70.99 | 60.84 | 47.35 |
1 November 2024 | 2,529.40 | 81.33 | 74.55 | 71.15 | 60.98 | 47.46 |
31 October 2024 | 2,564.59 | 82.46 | 75.58 | 72.14 | 61.83 | 48.12 |
29 October 2024 | 2,545.80 | 81.86 | 75.03 | 71.61 | 61.37 | 47.76 |
28 October 2024 | 2,531.69 | 81.40 | 74.62 | 71.21 | 61.03 | 47.50 |
27 October 2024 | 2,543.41 | 81.78 | 74.96 | 71.54 | 61.32 | 47.72 |
26 October 2024 | 2,538.50 | 81.62 | 74.82 | 71.41 | 61.20 | 47.63 |
25 October 2024 | 2,525.47 | 81.20 | 74.43 | 71.04 | 60.88 | 47.38 |
24 October 2024 | 2,532.26 | 81.42 | 74.63 | 71.23 | 61.05 | 47.51 |
23 October 2024 | 2,515.59 | 80.89 | 74.14 | 70.76 | 60.65 | 47.20 |
18 October 2024 | 2,504.81 | 80.54 | 73.82 | 70.46 | 60.39 | 46.99 |
17 October 2024 | 2,467.79 | 79.35 | 72.73 | 69.42 | 59.49 | 46.30 |
16 October 2024 | 2,444.25 | 78.59 | 72.04 | 68.76 | 58.93 | 45.86 |
15 October 2024 | 2,422.42 | 77.89 | 71.39 | 68.14 | 58.40 | 45.45 |
14 October 2024 | 2,429.09 | 78.11 | 71.59 | 68.33 | 58.56 | 45.57 |
11 October 2024 | 2,426.69 | 78.03 | 71.52 | 68.26 | 58.50 | 45.53 |
12 October 2024 | 2,429.12 | 78.11 | 71.59 | 68.33 | 58.56 | 45.57 |
11 October 2024 | 2,419.23 | 77.79 | 71.30 | 68.05 | 58.32 | 45.39 |
10 October 2024 | 2,386.71 | 76.74 | 70.34 | 67.14 | 57.54 | 44.78 |
9 October 2024 | 2,385.47 | 76.70 | 70.31 | 67.10 | 57.51 | 44.76 |
8 October 2024 | 2,408.65 | 77.45 | 70.99 | 67.75 | 58.07 | 45.19 |
7 October 2024 | 2,412.30 | 77.57 | 71.10 | 67.86 | 58.16 | 45.26 |
6 October 2024 | 2,415.40 | 77.67 | 71.19 | 67.94 | 58.23 | 45.32 |
When purchasing gold in Greece, it is important to consider the making charges, which can significantly affect the overall cost. Typically, the making charges are calculated as a percentage of the gold's gram price. In Greece, these charges can range from about 10% to 20% of the gram price of gold, depending on the complexity of the design and the craftsmanship involved.
To provide context, if the current market price of gold is approximately €60 per gram, the making charges could amount to €6 to €12 per gram. This means that the total cost of a piece of gold jewelry could be between €66 to €72 per gram when including making charges.
It is advisable for buyers to inquire about these charges in advance and understand how they contribute to the final price. This knowledge can help consumers make informed decisions and ensure they get fair value for their purchases.