Romanians' demand for investment gold on the rise

Against the backdrop of the current economic and geopolitical turmoil, increasingly more Romanians are choosing gold as a form of capital protection, Rafinor - a company specializing in the trading and refining of gold and silver, said in a release.

The situation in Romania reflects the reality of the global market where concerns about inflation, distrust in financial markets and geopolitical crises have reinforced the privileged position of gold as a safe haven asset, shows Rafinor. According to the World Gold Council, in the first quarter of 2025 global demand for gold reached 1,206 tons, a Q1 peak in the last 10 years. And, according to analysts' estimates, the upward trend in demand will not stop here.

Rafinor general manager Claudiu Diaconu emphasizes that, nationwide, along with the increase in demand for gold, there is also a pronounced preference for locally refined gold.

"There's a clear orientation towards tangible, Romanian products with intrinsic value. Interest in our bullions has increased not only among experienced investors, but also among those who are taking the first step towards diversifying their portfolio. A clear preference for Romanian gold is emerging, which reflects the desire to support the national industry in this field, a traditional segment of the economy. We can say that Romanian investment gold is becoming a strategic asset," Diaconu said, stressing that Romania has not just the resources, but also the experience required to become a major player in the field of gold refining.

Rafinor produces 999.9 gold bullions of 2.5 g, 5 g, 10 g and 20 g, and is capable of covering the national demand without logistical delays. Its refining capacity is currently 6 tons of gold per year, and in 2026 it will increase to 8 tons per year. Within a two-year horizon, Rafinor aims to reach a yearly refining capacity of 15 tons.

Earlier this year, Rafinor concluded a strategic partnership with retailer Magnor for the distribution of its investment gold bars.

Each product is certified by the company's laboratory, the national consumer protection watchdog, and other European accredited labs.

As part of its strategy to expand into foreign markets, Rafinor cooperates with European refiners for more than 50% of its industrial production.