Particle.news
Download on the App Store
3 ARTICLES
·
3w ago

Gold Near $3,700 Reshapes Berlin’s Trade as Sellers Hold or Pawn

Berlin dealers say speculation is curbing sales despite heavier foot traffic.

"Wenn der Goldpreis steigt, läuft auf der Welt was schief": Cihan Coscun ist Goldankäufer in Berlin-Neukölln.
Der Goldpreis steigt und steigt. Doch selbst ich als Gold-Anleger kann mich nicht wirklich darüber freuen. Denn die Botschaft dahinter ist deutlich.

Overview

  • The gold price has climbed to about $3,700 per ounce in 2025, roughly a 40% year‑to‑date gain, according to local reporting.
  • Spandau jeweler and pawnbroker Alain Haag reports a 10% to 15% increase in visitors but fewer completed deals at today’s elevated prices.
  • Royal Goldankauf owner Cihan Coskun says many potential sellers are holding items in expectation of further gains, reducing the number of purchases he can make.
  • Supply brought to counters skews toward inherited and lower‑karat pieces, notably 14‑karat jewelry from the Balkans, Germany, or the Caucasus, plus Turkish gift coins, while high‑purity bullion appears rarely.
  • Short‑term pawning has increased, with wedding rings frequently redeemed after paychecks or welfare payments, and some sales for cash needs or after breakups are described as emotionally difficult.