Bulgarians Flock to Gold, Driving Market Past BGN 1 Billion
Sofia, Bulgaria – Investment in gold within Bulgaria has surged, exceeding BGN 1 billion as citizens increasingly convert cash savings into the precious metal, according to recent market analysis. The escalating demand reflects growing economic uncertainty and a desire for secure asset preservation among Bulgarians.
The Bulgarian gold market’s value surpassing BGN 1 billion signifies a substantial shift in investment behavior. Experts attribute this trend to gold’s status as a safe-haven asset, especially appealing during periods of inflation and geopolitical instability.A key driver is the favorable tax treatment of investment gold – with VAT and duties waived globally, tax is only levied on profits realized from its sale. This incentivizes investors seeking to shield their wealth from taxation while maintaining liquidity.
Demand is being further fueled by a preference among Bulgarians with available cash to diversify into gold, a customary store of value. the expert analysis indicates this conversion of savings is a significant contributor to the market’s rapid expansion. As of September 4, 2025, the average rating of the news is 3.4 out of 5 based on 21 votes.
