With gold prices surging past 4,300 dollars an ounce, investment interest in gold sovereigns has been reignited, as Greek investors once again turn to this classic safe haven.
Amid heightened economic and geopolitical uncertainty, investors are seeking shelter in the precious metal, reinforcing gold’s long-standing role as a store of value.
Gold Sovereigns in Focus
The sharp rise in gold prices has prompted many holders of gold sovereigns to move toward selling. According to available data, during the third quarter of 2025 private individuals purchased just 1,714 gold sovereigns from the Bank of Greece, while selling 9,365 sovereigns back to the central bank.
Over the nine-month period from Jan. to Sept. this year, sales of gold sovereigns by the Bank of Greece to private individuals totaled 5,399 units. In contrast, purchases by the Bank of Greece from private holders reached 32,002 sovereigns.
The price of the gold sovereign has been following a strong upward rally, with buying and selling influenced by factors such as the international gold price, the type of sovereign (new or old mint), and overall market demand. On Monday, Dec. 15, the Bank of Greece was selling the gold sovereign at 984.46 euros and buying it at 840.27 euros.
Elevated prices have further fueled profit-taking, resulting in waiting lists for prospective sellers—provided they have first arranged a telephone appointment with the Bank of Greece.
Investors can buy or sell gold sovereigns through two channels: the Bank of Greece and Piraeus Bank. The latter maintains its own gold reserves and is the only commercial bank in Greece active in gold products and services, operating as the official representative and distributor of the UK Royal Mint for the sale of British gold sovereigns.
