In conditions of inflation growth (over the past year by almost 13%) and economic instability, an increasing number of Ukrainians consider gold and silver as a way of protecting their savings.
Over the past year, precious metals have repeatedly renewed Historical maximums, and the demand for them only decreases.
gold , silver, platinum and palladium – which of them are most promising for investment in 2025? How to buy and store precious metals to protect your savings from impairment? What options are available in Ukraine?
Gold prices
Gold updated its records several times, reaching historical maximums within 2024. According to the World Gold Council report, the average annual price of a noble metal last year increased by 23% – to $ 2386 per ounces (about 31.1 g).
Since the beginning of 2025, prices have already risen by 10%, and on February 11, April futures for the supply of gold during the trading of the COMEX exchange reached the level of $ 2968, writes Reuters. Such a leap and increase in demand are caused not only by prolonged economic instability, geopolitical stresses, but also by the decision of US President Donald Trump to increase tariffs for steel and aluminum. Despite optimism, most analysts expect stabilization of the situation.
prices for silver, platinum, palladium
Investors and analysts are actively observing the prices of silver, because it repeats the dynamics of gold, but is a more affordable alternative. Silver from $ 18 per ounce in 2022 increased to the level of $ 31 at the end of September 2024. In February 2025, silver prices grew to $ 32.12. Analysts have high hopes for silver and predict that its cost can grow to a maximum of $ 43, writes Kitco.
As for platinum and palladium, these metals were not marked with positive dynamics during 2024. The average annual price of platinum was about $ 950 per ounce. The average price of palladium for 2024 is much less than 2023-980 dollars against 1330, respectively. The forecasts of world analysts hesitate from optimistic to restrained, which indicates the uncertainty of the market of these metals.
Methods of investing in precious metals
A popular investment method is to buy ingots. They can be stored independently or on a deposit in a bank. Another way is to buy investment coins. Their pricing depends on the cost of the metal, theme, circulation and sample. Such a service is provided by state and private banks, but there are no guarantees that banks can buy them back. There is also a way to open a metal account. It allows you to buy precious metal for any amount and without binding to weight. It should be noted that such investments Fund for guaranteeing deposits do not protect and there is a large risk of loss of accumulations.
The prices of metals installed by the NBU are focused on London fixing, which spend every working day. It should be noted that a limited number of banking institutions is engaged in the sale/purchase of metals in Ukraine.
A private investor informs that in the secondary market you can find gold bullion from 0.5 g worth up to 3000 UAH. The most favorable prices for coins are offered directly by the NBU – the minimum investment coin weighing 1.24 g costs 6830 UAH. The secondary market remains the best option for ingots.
Features of investment in precious metals in crisis
A long situation with economic instability and geopolitical tension in the world demonstrated how gold and silver grow during crises. Typically, the price of precious metal moves in the opposite direction from other assets, therefore it becomes a reliable hedging tool (insurance against possible financial losses) in the portfolio. Often this tool is used as a long -term investment than a short -term contribution for profit.
“When buying gold, the investor chooses: speculate on a change in price, use gold as an alternative to currency hedging or as an anti -inflationary protection tool. Accordingly, each of these options will have its own investment horizon,” said financial analyst Andrei Shevchishin.
He also noted that each method of purchase has its own characteristic features and costs. The ingots need to pay storage in the bank and have a significant margin from the world price. In coins, the surplus value depends on the collection value. Metal accounts provide for opening and maintenance commissions.
Investing in this tool in Ukraine has its own obstacles: the cost of bank ingots is 8-10% more than the world, and the operations are accompanied by commissions. There are still difficulties with the sale of precious metals – a person can only sell them to the jar where he bought them.
how the war influenced the market of precious metals < H2>
The import of gold was blocked by the current resolution No. 18 of the NBU dated February 24, 2022 due to the growth of population demand for precious metals. So far, no bank is importing, that is, the supply does not satisfy demand. This clearly demonstrates the difference in circulation of gold through banking structures: if before the war it was up to 300 kg per month, now it has fallen to 20 kg. This led to the difference in the cost of metals in Ukraine and the world.
However, from December 21, 2024, the NBU introduced a weakening: legal entities and FLP are allowed to carry out operations with banking metals without physical delivery for non -cash hryvnias. This can partially revive the market, but does not solve the problem of imports.
Author: Anna shimko
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