Physical Gold
Products and fees from 1er January 2023
From now on, only the five products listed below will be available to purchase from Banque de Luxembourg:
- Gold ingot 1 kg 999.9 EUR
- Gold bar 100 g
- Gold bar 250 g EUR
- Gold bar 500 g
- Krugerrand 1/1 oz EUR
We are making changes to the fee structure for physical Gold. New fees will be applicable for physical delivery and deposits/withdrawals.
New fee for physical delivery1, 5 (01/01/2023)
| Fee | Minimum | |
|---|---|---|
| Physical delivery | 1% of asset valuation | 250 EUR |
New fee for deposits 2, 5 /withdrawals 3 (01/01/2023)
| Fee | Minimum | |
|---|---|---|
| Deposits/withdrawals | 1% of asset valuation | 250 EUR |
Note that there may be a transfer charge, with fee based on quotation.
Products and fees from 1er January 2024
Physical gold no longer accepted from 1 January 2024
From 1 January 2024, Banque de Luxembourg will no longer accept physical gold (whether for deposit or sale). The service will continue until then, subject to certain conditions.
Banque de Luxembourg will still sell any Gold products it already holds on your behalf (in the vault).
Current fee structure
| Acquisition 4 | |
|---|---|
| Weight < 1kg | Market price +2% |
| Weight ≥ 1kg | Market price +1% |
| Sale 4 | |
|---|---|
| Weight < 1kg | Market price -2% |
| Weight ≥ 1kg | Market price -1% |
| Deposits made during the quarter | no fee |
1 Physical delivery = At the client’s request, the Bank returns a gold asset held in the client’s portfolio or an asset that the client has just purchased.
2 Deposit = The client entrusts the Bank with a gold asset held by the client.
3 Withdrawals = The client returns to the Bank a gold asset held by the client, for immediate sale.
4 The usual margins shall be applied for spot exchange transactions on stock market trades and forward exchange operations
5 Subject to 17% VAT
5 Subject to 21% VAT