Latest news and stories about gold in Portugal for expats and residents.
Economic instability is driving the demand for physical gold investment in the Portuguese market.
In uncertain times, gold is proving its relevance as a safe-haven investment. Central banks are buying the precious metal, and the Portuguese are following suit. Crédito Económico Popular (CEP) has entered the gold bar market, selling 19 units in just over a month. Isabel Teixeira, CEP's general manager in Portugal, notes that physical gold is seen as a long-term store of value and a hedge against inflation and currency risks. While the World Gold Council reports that central banks plan to continue increasing their gold reserves, experts warn that investors should consider price volatility and the lack of periodic income, such as interest or dividends, when diversifying their portfolios.
10-gram bars are the most sought after, according to banks.
The Portuguese Assay Office certified 4.6 million pieces in 2025, an increase of 2.5% compared to the previous year, despite activity being affected by the rise in gold and silver prices, said Director General Francisco Bastos.
As a standalone investment, gold appears to combine the worst of both worlds: it delivers the low returns of bonds and the high risk of equities.
Commercial gold once again hit a record price per ounce (28.34 grams) today, rising to US$4,887.19 (around €4,200) at 06:31, as investors favoured the precious metal amid global instability.
Gold is traditionally a safe-haven asset against inflation, rising deficits, geopolitical tensions and general economic concerns. In a logic similar to 'stashing it under the mattress', investors buy tangible assets, including gold, when they are worried.
