Precious metals are listed on commodities markets across the world.
Precious metals such as gold (Au), silver (Ag), platinum (Pt) and palladium (Pd) can be bought and sold on the stock market.
The values are set by the stock market on the basis of supply and demand.
RAIFFEISEN sells precious metals in the form of coins or ingots at the rate of the transaction date.
For more information, please contact your branch advisor, who will guide and support you according to your needs and situation.
The main currencies
The main stock markets in the world quote precious metal prices per troy ounce* (symbol oz t), 1 kg-ingot or gram.
For gold:
Ingots
* A troy ounce (oz t) weights 31,10034768 grams or 0.0311034768 kg
** Standard gold ingots 999.9
Value added tax
In Luxembourg, the ‘physical’ sale or purchase of gold coins or ingots is not subject to value added tax.
Sales of silver, platinum, and palladium with physical delivery or on deposit are not subject to VAT either. However, the purchase of silver, platinum, and palladium with physical delivery or on deposit is subject to VAT.
Since 1 January 2023, the Luxembourg government has decided to temporarily lower the VAT rate to 16% for a period of one year.
You can deposit your precious metals with Banque Raiffeisen, which guarantees to:
We are here to answer your questions and can put you in contact with the right people depending on your requirements.
Raiffeisen has branches all over Luxembourg so you will be able to find a branch or ATM wherever you are.
