Germany Metal Prices Today
Prices in Euros (EUR) · Reference market: Closed LBMA
Europe's largest economy, and one where the memory of a currency collapsing to worthlessness still shapes how ordinary people think about holding gold.
Gold Price — Last 30 Days
A Cultural Preference for Physical Metal
Germans hold physical gold at notably higher rates than most Western populations — a pattern widely tied back to the hyperinflation of the 1920s and the currency reset after World War II, both of which left a lasting cultural wariness of paper savings alone.
Europe's Industrial Engine Needs Metal
German automotive and precision-engineering manufacturing makes it one of Europe's largest consumers of industrial metals like copper and aluminium — demand that tends to track the health of its export-driven manufacturing sector fairly closely.
A German Compromise Between Paper and Physical
Deutsche Börse's Xetra-Gold product, traded on the Frankfurt exchange since 2007, gives German investors a middle path between a pure paper gold ETF and owning a physical bar: each note represents a direct legal claim to one gram of gold actually stored in German vaults (with over 240 tonnes currently backing it), and — reflecting that direct physical claim rather than a synthetic derivative — gains held for more than a year are tax-free for private German investors.
Metals & Mining Industry
Germany's ore-mining industry is essentially gone — the Erzgebirge ("ore mountains") on the Czech border produced silver, tin and cobalt for centuries, and the Ruhr region built an entire industrial economy on coal and iron, but virtually none of that primary metal mining still operates commercially. What survives instead is downstream processing at real scale: Aurubis, headquartered in Hamburg, is Europe's largest copper producer and recycler, smelting imported concentrate and scrap into refined copper rather than mining any of it domestically. Germany's real metals strength was never in the ground — it's in turning other countries' ore, and the world's scrap, into usable metal.
Consumption & Trade
Germany imports nearly all the raw metal its economy runs on and ranks among the world's largest net importers of copper, aluminium and iron ore by volume, feeding an industrial base built around automotive, machinery and chemical manufacturing. As the EU's largest economy, Germany also sits at the centre of the bloc's internal metal trade, importing ore and semi-finished metal from partners worldwide and re-exporting finished machinery and vehicles. A strong domestic recycling culture, formalised in EU and German circular-economy law, means a meaningful share of the copper and aluminium moving through German factories comes from scrap rather than freshly mined ore.
Metals Produced & Consumed Here
Which of this site's tracked metals Germany is a notable producer or consumer of, based on each metal's own profile.
Did You Know?
Germany's Bundesbank holds one of the largest gold reserves of any central bank in the world, and spent years repatriating bars previously stored abroad back to Frankfurt.
Sources
- Xetra-Gold traded on Frankfurt exchange since 2007 — Xetra-Gold (2024)
- Gains held over a year are tax-free for private German investors — Tax Advantages of Gold (2026)
- Bundesbank repatriated gold to Frankfurt — Bundesbank completes gold transfer ahead of schedule (674 tonnes) (2017)
- Aurubis is Europe's largest copper producer and recycler — Aurubis AG company profile (2026)
Frequently Asked Questions
The gold price in Germany today is €120.29 per gram as of September 17, 2026, converted from the live international spot rate into EUR.
No significant mining — but Germany is one of Europe's largest industrial consumers of copper and aluminium for its manufacturing sector.
Prices for Germany are shown in Euros (EUR), converted daily from live international spot rates — not a fixed or manually-updated exchange rate.
LBMA (London Bullion Market Association) is the nearest tracked reference market for Germany. This doesn't mean prices on this site are sourced directly from it — see its market profile for how it actually works.
