Buy gold bars in Ukraine at a good price
Since the start of the war, demand for gold in Ukraine has increased severalfold, driven by economic instability and growing distrust of the national currency.
Demand increased even more when the price of gold surpassed $3,000 per troy ounce , and citizens began buying up gold bars en masse.
As a result of the surge in demand, a shortage of gold bars has emerged in Ukraine, and the National Bank of Ukraine further exacerbated the situation by imposing a ban on commercial banks importing the precious metal into Ukraine.
As a result, the price of gold has jumped, and currently the cost of the metal within the country exceeds world prices by 10-20%.
In the current situation, many investors are wondering where to buy gold bars in Ukraine at the best price
The current price of the precious metal on the exchanges is about 110 US dollars per 1 gram, so we will use the US dollar for price comparison.
Banks where you can still buy gold bars in Ukraine
The most reliable purchase option is from a bank, which guarantees the gold purity and authenticity of the bar. However, due to shortages, it can be quite difficult to find a bank where you can buy gold bars:
| Bank | Selling price (USD/year) | Availability for sale |
|---|---|---|
| PrivatBank | 129 | Yes, 1–50g bars are available if you have foreign exchange reserves |
| RVS Bank | 126 | We have a wide range of bars, including 1 kg |
| IndustrialBank | 126 | Yes, but availability may be limited – some branches have it, others don’t |
| MTB Bank | 149 | Bars are for sale, but reservations are recommended - availability must be confirmed |
| Alliance Bank | 125 | Yes - offers measured ingots from Valcambi, Argor Heraeus and others. |
Prices are per gram. If you buy a 10-gram bar, larger bars will be cheaper per gram, while smaller bars will have a higher price per gram. However, in my opinion, the optimal size is a 10-gram bar.
Before going to the bank to make a purchase, it is advisable to call and check if the bars of the desired size are in stock and only then go to make the purchase.
Alternative options for buying gold bars or just gold in Ukraine
Besides banks, gold bars can also be purchased on a trading platform such as https://prom.ua/
This item can be found in the Antiques and Collectibles – Numismatics section. Both individuals and companies sell precious metals here.
It is clear that in this case, the purchase is made at your own risk, and you should carefully check the seller before making a transaction.
In terms of prices, the price per gram when purchasing a 10-gram bar on Prom.ua ranges from $130 to $140, which is slightly more expensive than in banks.
Another option for purchasing could be digital gold Tether Gold (XAU) or cryptocurrency tied to the price of the precious metal.
This option has many advantages: you buy digital gold at a price as close to the exchange as possible, you can buy and sell it almost instantly, and you don't need to worry about storage.
You can buy Tether Gold (XAU) on one of the crypto exchanges or, more simply, through a cryptocurrency exchange service .
If you want to make money by trading gold in the short term, then precious metals brokers .
