Those wishing to buy gold at Sparkasse generally pay more than at specialized precious metal dealers: The spread between the purchase and repurchase price is typically 5 percent, plus a commission of 2.0 percent and safe deposit box fees ranging from 60 to 270 euros per year. This guide shows exactly what a Krugerrand, a gold bar, and silver cost at Sparkasse — and where alternatives are cheaper.
| Provider | Minimum Purchase | Surcharge Krugerrand 1 oz | Commission / Fee | Storage Costs p.a. | Repurchase (Spread) |
|---|---|---|---|---|---|
| Sparkasse (Branch) | 50 € | approx. 2.5 percent above spot | 2.0 % on value + 1.50 € under 100 € | Safe deposit box 60–270 € or shipping 12.50 € | approx. 5 percent |
| Reisebank (Deutsche Bank) | No minimum | approx. 1.5 percent above spot | Shipping costs (variable) | No in-house storage | Market standard, updated daily |
| Commerzbank (Online) | No minimum | approx. 6.4 percent spread (as of June 2026) | 12.60 € processing + 7.90 € shipping | No in-house storage | approx. 6.4 percent |
| Spargold | 5 € | +1.17 % purchase surcharge | 0.50 % p.a. storage fee | Included (Bonded warehouse Hamburg, fully insured) | 3.40 % round-trip spread |
Sources: Haspa precious metal price table 30.10.2026; Reisebank Shop November 2026; Commerzbank comparison June 2026; Spargold gold savings plan comparison March 2026.
The purchase takes place at the counter or — depending on the branch — online. Sparkasse sets new precious metal prices daily; the selling price already includes the trading margin. Additionally, a commission of 2.0 percent on the gross value is charged. For purchases under 100 euros, a minimum surcharge of 1.50 euros applies. Settlement is handled via the Sparkasse checking account — an existing account is usually a prerequisite.
The purchased gold can be delivered to your home (shipping: 12.50 euros, insured) or stored in a Sparkasse safe deposit box. Alternatively, direct handover at the counter is possible in some branches.
The Krugerrand is the most widely purchased gold coin in the world. As an investment coin, no VAT is charged upon purchase. A specific price example is provided by Hamburger Sparkasse (Haspa) from October 30, 2026:
| Item | Amount |
|---|---|
| Selling price Krugerrand 1 oz (Haspa, 30.10.2026) | 3,644 Euro |
| Buying price (Repurchase by Haspa) | 3,466 Euro |
| Spread (Difference) | 178 Euro (~5 percent) |
| Commission (2.0 % of the purchase price) | approx. 73 Euro additional |
Source: Hamburger Sparkasse (Haspa), precious metal price table, October 30, 2026. Daily prices; values may vary at other Sparkassen.
When selling back, a receipt must generally be presented. Sparkasse pays the daily buying rate — receipt and certificate of authenticity are mandatory. Without proof, customers risk a lower price or rejection.
Sparkassen sell gold bars from 1 gram to 1 kilogram, LBMA-certified with a fineness of 99.99 percent. As an example price for a 1-gram bar, Hamburger Sparkasse quotes around 127 euros (as of 30.10.2026). For larger bars, the current daily prices of the respective branch apply.
Rule of thumb: The smaller the bar, the higher the surcharge per gram. For a reference size of 100 grams, the bar at Reisebank (Deutsche Bank) currently costs 11,506 euros — at Sparkasse, the price is similar but may be slightly higher due to the 2.0 percent commission.
For comparison, Reisebank offers a 1 kg bar for 113,638 euros (as of November 2026). Here too, smaller units cost more per gram.
Silver bars and coins are available in the Sparkasse range. Important: Silver is subject to 19 percent VAT — unlike physical investment gold. This means: Anyone buying 1 kg of silver pays around 19 percent above the pure metal value at the time of purchase.
The silver price was around 50.60 US dollars per ounce on October 31, 2026. Including VAT and surcharge, silver at Sparkasse is significantly more expensive than the pure metal value. Those wishing to avoid VAT can buy silver through a provider with a bonded warehouse in Switzerland — where no German VAT is charged upon purchase.
| Sparkasse | Smallest Size (p.a.) | Largest Size (p.a.) |
|---|---|---|
| Sparkasse Minden-Lübbecke | 60 € | 240 € |
| Kreissparkasse Düsseldorf | 59.95 € | N/A |
| Sparkasse Rosenheim-Bad Aibling | 86 € (incl. 5,000 € insurance) | N/A |
Sources: Official Sparkasse price lists, as of 2025/2026. The fee is collected annually via direct debit. Additional costs may arise in the event of key loss. The safe deposit box is insured, but usually only up to a maximum amount — those storing larger quantities of gold should clarify the scope of insurance in writing.
Those who do not wish to store gold physically at home or in a safe deposit box can buy shares in physical LBMA gold via Spargold — starting from as little as 5 euros. The gold is stored fully and is fully insured in the Hamburg bonded warehouse.
| Feature | Spargold | Sparkasse (Branch) |
|---|---|---|
| Minimum Amount | 5 € | 50 € |
| Purchase Surcharge | +1.17 % | approx. 2.5 % + 2.0 % commission |
| Sales Discount | −2.23 % | approx. 5 % spread |
| Storage Fee p.a. | 0.50 % | Safe deposit box 60–270 € or shipping 12.50 € |
| Round-Trip Spread | 3.40 % | approx. 9 to 10 % (incl. commission and spread) |
| Storage Location | Bonded warehouse Hamburg, fully insured | Self-organized (safe deposit box or delivery) |
Source: Spargold gold savings plan comparison, as of March 2026. The round-trip spread is the decisive metric: It shows how much an investor loses when buying and subsequently reselling.
Around 127 euros (example Haspa, 30.10.2026), depending on the daily price and the respective branch. For a 1-gram bar, the surcharge per gram is highest — it can be 10 to 15 percent above the pure gold value, plus the 2.0 percent commission.
Depending on the daily price and branch. On October 30, 2026, Hamburger Sparkasse (Haspa) charged 3,644 euros (sale) and bought back for 3,466 euros — a spread of 178 euros. Current prices can be found in the precious metal price list of the respective branch.
Yes. Sparkasse buys gold back at the daily buying rate. Requirement: receipt and certificate of authenticity. The repurchase price is typically around 5 percent below the Sparkasse selling price.
For standard sizes like the Krugerrand (1 oz), online dealers and bonded warehouse providers are generally cheaper. The round-trip spread at Sparkasse, including commission, is around 9 to 10 percent; at Spargold, it is 3.40 percent. For small amounts under 500 euros, the fixed fees of Sparkasse (shipping 12.50 € and commission) weigh particularly heavily.
No investment advice. All price information consists of daily values and can change daily. The current price lists of the respective providers are authoritative. Research status: November 2026.
