The largest banks in the world and experts in the gold market have recently estimated a major increase in the price of precious metal worldwide, largely due to the high demand from central banks and the disinterest of investors for dollar.
Gold will be awful in the next period. Photo archive
In addition, the accelerated increase in the price of gold is also supported by the unstable economic and geopolitical conditions and the solid demand from the central banks, including the small investors, led to a good gold performance in the first months of the year and strengthened the preference for the precious metal as a protective investment, according to the market specialists.
Goldman Sachs (GS), JPMORGAN (JPM) and other Wall Street analysts provide that gold prices will reach the $ 4,000 until mid -2026. This would be just 15 months after gold reached $ 3,000 in March 2025, from $ 2,000 in April 2023, according to data.
The tendency of increase was also maintained in Romania, where the price of gold has doubled in the last four years, from 223 lei/gram in March 2021, to 487 lei/gram in May 2025, reaching August 6 at 473 lei/gram.
Source: course
The price of $ 3,000 per ounce (28.35 grams) represents about 463 lei/gram at the dollar/lion exchange rate, which means that in the middle of next year (if the same currency course is kept) in Romania, according to 618 lei, according to calculations “”truth”, An increase in about 155 lei in less than a year.
When the demand is high and the price increases. When buying investors more gold
Gold is known as an asset of refuge in the face of various risks. Whether we are talking about inflationary risks, declining interest, seizures or economic recessions or harmful geopolitical events, investors – both the big ones and especially the little ones – choose to protect their wealth with gold.
“We can categorize as economic events and geopolitical events. Through economic events we mean any news or tendency that has a direct impact on the real economy. We speak of inflation, interest rates, unemployment, bankruptcy, deficit, commercial wars, etc. among the geopolitical events are the armed conflicts, The price of gold tends to increase when both economic and geopolitical events are bad.”, Tavex Romania experts said.
The gold demand increases during the war or economic worsening
In the case of Romania, the trends are similar. In March 2022, one month after Russia invaded Ukraine, an increase of almost 25% in the amount of gold sold compared to February 2022. In October 2023, when Hamas attacked Israel, the growth in the gold demand was 47% in the same time.
Definitely, Romanian investors are in a significant proportion attention to global trends and adjust their portfolios according to various events, whether economic or geopolitical.
Regarding the preferences of investment products during periods of geopolitical voltage, there is a tendency to suddenly allocate assets to gold. This allocation is done by purchasing products with higher weights (50 or even 100 grams), although the high interest is kept at the level of the entire weight spectrum. If we are to dispel between the bullion and the gold coins, the ingots are the most common option, these being delivered in packaging that represent the authenticity certificate of each ingot. In the case of coins, there are no such certificates, which, for the uninitiated, can raise question marks on the origins of the products.
When the prospects of economic growth worsen, they act almost instantly. In such situations, the price of gold tends to increase.
Where can you buy gold, physical or online
To buy or invest in gold, those interested have two methods available: either they buy physical gold, or in the form of trading financial instruments, ie from the stock exchange.
Those who want to buy online have several variants: either from the Bucharest Stock Exchange, with the help of Romanian brokers; either by buying an ETF (Exchange Traded Fund) based on the investment in physical gold, from the brokers acting on the external scholarships; either by buying a CFD (contract without difference) also from brokers.
“The advantages of the purchase of gold in this form include: increased liquidity because you can sell at any time, low acquisition costs because no transport or storage costs are included and the fact that the price of gold gram will be very similar to the real one, that is to say the one set by the BNR course.”, Magnor representatives explained.
Those who want to buy gold in physical form have several sources: either from the NBR, which can be kept in the bank's safe; either from specialty stores; either from a pawn house that offers gold pawn services.
What do you need to know about the process of buying gold
Those who want to buy gold in physical form should know a few details, including technicals, about:
Title, that is, the proportion of precious metal contained in an object, a proportion that will be expressed in thousands. In Romania only the following titles are legal: 375 ‰; 500 ‰; 585 ‰; 750 ‰; 833 ‰; 900 ‰; 916 ‰ and fine gold 999 ‰;
The brand, that is, the sign that is applied to objects of precious metals/jewelry. There are three types of brands. Those of certification, applied by the National Authority for Consumer Protection, those of own guarantee, applied by the domestic producer, importer or seller and the title mark, depending on the title of the metal.
In order to fulfill the legal conditions for sale, the gold must be marked either with the certification brand, or with the one of its own guarantee and the title mark.
