Prix de l'or en Swiss Francs (CHF) aujourd'hui

Switzerland is the undisputed global capital of gold refining, processing an estimated 60-70% of the world's newly mined and recycled gold through four LBMA-accredited refineries: Valcambi, PAMP, Argor-Heraeus, and Metalor Technologies. These refineries, concentrated in the canton of Ticino and around Geneva, transform raw dore bars from mines worldwide into the London Good Delivery bars (400 oz, 99.5%+) and kilobars (1 kg, 99.99%) that underpin global trade. Switzerland imported and exported over 2,400 tonnes of gold in 2023 alone, making it the world's largest gold transit hub by value. Zurich's Bahnhofstrasse is lined with bank vaults offering private gold storage, and Swiss private banks have offered gold custody services to ultra-high-net-worth clients for centuries. Investment gold in Switzerland is exempt from the 8.1% VAT (Mehrwertsteuer), applying to bars of 99.5%+ purity and recognized coins. The Swiss National Bank (SNB) holds approximately 1,040 tonnes of gold reserves — the world's seventh-largest central bank holding and remarkably large relative to Switzerland's population of 9 million. The Swiss franc itself was one of the last major currencies linked to gold, maintaining a constitutional 40% gold backing until the year 2000, when a referendum removed the requirement.

Investment gold is VAT-exempt in Switzerland. This includes bars of 99.5% or higher purity and coins that meet specific criteria (legal tender coins at 90%+ purity). The standard Swiss VAT rate is 8.1%. Capital gains on personal movable assets, including physical gold, are tax-free for Swiss residents at the federal level — this is one of the most favorable tax environments for gold investors globally. However, if you are classified as a professional trader (gewerbsmässiger Wertschriftenhändler), gains become taxable income. Wealth tax applies: Swiss cantons levy an annual wealth tax on the total value of your assets, including gold. Rates vary by canton (typically 0.1-1% of total wealth) and the gold must be declared at market value. Gold stored in Swiss bank vaults is subject to the same wealth tax reporting requirements.

Switzerland's four major refineries — Valcambi (Balerna), PAMP (Castel San Pietro), Argor-Heraeus (Mendrisio), and Metalor (Neuchâtel) — together have an annual refining capacity exceeding 4,000 tonnes. They produce the kilobars that dominate Asian demand, the 400 oz Good Delivery bars used in London and New York, and smaller retail products. Zurich is the primary financial center for Swiss gold trading, with UBS, Credit Suisse (now part of UBS), and Julius Baer offering gold trading desks and vaulting services. The SIX Swiss Exchange lists gold ETFs and structured products. Swiss customs data provides one of the most transparent windows into global gold flows — monthly import/export figures broken down by country reveal shifting trade patterns between mining nations, refining centers, and consumer markets. Geneva is home to major gold trading houses that operate globally. The Swiss tradition of banking secrecy, though diminished by international pressure, continues to attract gold storage from global investors seeking jurisdictional diversification.