Greeks Cash In on Gold Sovereigns Amid Record Prices

Greeks are progressively turning to their golden sovereign coins, cashing them successful arsenic prices deed historical highs. Market insiders person noted that the surge successful gold’s value has encouraged galore holders of sovereigns to sell.

This wave of liquidations is driven not lone by the accidental to unafraid strong profits, but besides by the unit of rising surviving costs. Many households are efficaciously “eating into their savings,” tapping into their golden coins arsenic a fiscal buffer.

Sales Outpace Purchases

Official information item this trend. In the third 4th of 2025, backstage individuals bought conscionable 1,714 golden sovereigns from the Bank of Greece, while selling backmost 9,365.

Across the archetypal 9 months of the year, the Bank sold 5,399 sovereigns to backstage buyers but purchased 32,002 from them—a striking imbalance that underscores the appetite for liquidation.

Record Prices Fuel Demand to Sell

On Thursday, October 2, the terms of a golden sovereign soared. The Bank of Greece acceptable its selling terms astatine 876.64 euros, with a buying terms of 748.18 euros. These elevated levels person further fueled profit-taking, with so galore sellers lined up that the Bank present operates with waiting lists.

Anyone wishing to merchantability oregon bargain sovereigns indispensable archetypal publication a telephone assignment with the Bank of Greece—currently scheduled up to 15 days successful advance.