There was not a day without a record high for gold, and inflation remained below 3%. A week on the charts

The ending week was full of records in gold and silver prices, we got the latest consumer inflation reading for September, and real estate experts predict the end of the year with stable apartment prices. Welcome to a week on the charts.

There was not a day during the past week of mid-October that gold and silver prices did not set new all-time records. Metal prices are rising faster and faster, bringing prices to nearly $4,400 per ounce of gold and over $53 per ounce of silver. According to local media reports in Australia, Japan and Vietnam, people are lining up in huge queues to buy gold bars as it becomes more expensive every day. In Poland, we also hear about queues to dealers.

September consumer inflation remained below 3% for the second month in a row – the Central Statistical Office confirmed on Wednesday. However, what is still worrying is the very rapid increase in service prices, which raises the CPI despite cheaper fuels.

Warsaw remains the largest stock exchange in Central and Eastern Europe, but its regional crown pales in comparison to the largest trading floors in the Old Continent. Although we left Budapest, Prague and Vienna far behind, Paris, London, Frankfurt and even Copenhagen and Stockholm are several lengths ahead of the WSE.

Core inflation in September 2025 remained at the August level. Although it is the lowest since the beginning of 2020, the NBP target has been exceeded for almost 6 years. Even the broad price growth rate managed to meet the central bank's expectations during this time.

In recent months, new investment products from PZU TFI and Beta TFI have appeared on the Polish market, which allow you to gain exposure to gold, bitcoin and dividend companies. According to PZU TFI statistics, a fund based on gold prices turned out to be more popular than the one giving exposure to the first cryptocurrency. In turn, in Beta TFI, bitcoin lost to dividend companies in the competition of new ETFs.

Despite the ongoing recovery and recovering demand, especially among buyers on credit, real estate experts predict the end of the year with stable apartment prices. However, stabilization invariably means rates creeping towards new records, as illustrated by the latest reading of the urban.one index.

Clearly stabilizing, although at the peak, apartment prices and cheaper housing loans mean that purchasing an apartment can pay off faster than renting a year ago. At Bankier.pl we calculated how buying your own “M” – at least in the context of total costs – compares to renting an apartment.

The pace of price growth in the euro zone accelerated in September. Consumer inflation in the euro zone was 2.2% higher last month than a year earlier, the final Eurostat reading showed. This result matched the previous flash estimate and means a slight increase in the index compared to the previous three months.

prepared by COGS

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