Community of Madrid
Gold price today in Madrid
Madrid has the highest concentration of jewelers and cash-for-gold shops in Spain, especially around Sol, Gran Vía and Chueca.
Updated
€1,855 / kg
Updated
Offer comparison benchmark
18k gold in Madrid
Calculated from the international spot price; this is not a guaranteed local shop rate.
- Metal value per gram
- €91.96
- 70% benchmark
- €64.37
- 85% benchmark
- €78.16
Gold price by karat in Madrid
The metal's price is the same across Spain: what changes from one city to another is the percentage each shop pays. These are today's values per gram.
| Gold karat | Value per gram |
|---|---|
| 999.9 · 24 carat | 122,60 € |
| 916 · 22 carat | 112,31 € |
| 750 · 18 carat | 91,96 € |
| 585 · 14 carat | 71,73 € |
| 375 · 9 carat | 45,98 € |
How much would you get paid in Madrid?
Market value of the metal
€919.58
€91.96 /g of 18k gold
| Typical shop offer | You'd be paid |
|---|---|
| 60% of the metal's value | 551,75 € |
| 70% of the metal's value | 643,71 € |
| 80% of the metal's value | 735,67 € |
| 85% of the metal's value | 781,65 € |
The gold market in Madrid
In a market with as much competition as Madrid, it pays to get quotes from two or three buyers before selling: the gap between the first and the best offer can top 15% on the same weight.
Shops in the city centre tend to handle higher volumes and offer slightly better rates on larger pieces, while in residential neighbourhoods it's easier to negotiate small lots of 5 or 10 grams.
No shop in Madrid sets the market quote: the international gold price is the same for everyone. The only thing you can negotiate is the percentage applied to that value, which is why it pays to know what your piece is really worth.
Selling foreign-hallmarked gold in Spain
Spanish buyers commonly recognise 750, 585 and 375 fineness marks as 18k, 14k and 9k. Ask for each purity to be weighed separately, especially when a mixed lot includes UK or northern European pieces, and compare the final offer with the metal value above.
Check another city
Guide to selling gold
How to sell without losing money →Historical gold price
See the full chart →Chart
Gold price trend
Gold price per gram in euros over recent months.
| Date | Euros per gram |
|---|---|
| 2026-03-25 | 125.07 |
| 2026-05-09 | 128.63 |
| 2026-06-23 | 115.40 |
| 2026-08-07 | 120.77 |
| 2026-09-20 | 122.61 |
- Period change
- -1.96%
- Start
- €125.07
- Low
- €111.84
- 16 Jul 2026
- High
- €132.64
- 01 Apr 2026
Source: MetalFlow API