8 tips to buy gold in Japan at the best price today

Buy gold in Japan Gold is becoming an increasingly popular choice not only with natives but also with the Vietnamese community living in Japan. Whether you are a beginner investor or just want to accumulate a little gold to protect your assets from inflation, understanding the market, trading methods and smart gold buying tips is extremely important. In this article, T-Connect will guide you in detail on how to buy gold in Japan, analyze popular buying methods, prices, reputable places to buy and tips to help you avoid losing money.

How is the price of gold in Japan different from the price of gold in Vietnam?

Although both are affected by the world gold price, the gold price in Japan and the gold price in Vietnam have many notable differences. Understanding these differences will help you avoid losses when trading or switching between the two markets.

*About measurement units:

• Japan: Gold is measured in grams (g), commonly 24K gold with 99.99% purity.
• Vietnam: Use units of weight and quantity (1 quantity = 10 weights = 37.5g).
• When comparing prices, you need to convert units correctly to avoid misunderstanding the difference.

*Regarding regulatory policy:

• In Japan: Gold price closely follows international gold price and fluctuates according to exchange rate Yen – USDThe market operates according to a free and transparent market mechanism.
• In Vietnam: Domestic gold prices are often higher than world gold prices, due to the influence of the State Bank's regulatory policies and the differentiation between SJC gold and jewelry gold.

*On the impact of tax on gold prices:

• Japan: If you buy gold that is not investment grade (usually less than 99.99%), you will be charged an additional 10% sales tax. However, 99.99% gold bars are usually tax-free because they are considered investment goods.
• Vietnam: Gold is exempt from VAT when purchased, but may be subject to tax if transferred in large quantities or involved in international transactions.

Ways to buy gold in Japan

In Japan, people have many options to buy gold, suitable for different needs: from hoarding, giving gifts to long-term investment. Below are the 3 most popular forms of buying gold in Japan:

Buy physical gold (directly at the store)

This is the most traditional and accessible form, suitable for those who want to hold real gold, or buy it as a gift, or store it safely. Gold is usually sold in grams, the most common type is 24K gold (99.99%). You can go directly to the following stores to buy gold:

• Ginza Tanaka
• Mitsubishi Materials
• Tokuriki Honten

The advantages and disadvantages of this form of buying physical gold are as follows:

Buy gold online through exchanges or apps

This is a modern, convenient form, chosen by many young people in Japan when they want to buy gold to accumulate each month or invest in surfing. To be able to buy gold online, you will have to register an account, deposit money and buy gold at real-time prices. The amount of gold you buy is saved in your account and can be sold at any time.

Popular platforms to buy gold in Japan online:

• Rakuten Securities
• SBI Gold
• Monex Group
• PayPay Bank

The advantages and disadvantages of this form of buying gold online are as follows:

Advantages	Disadvantages
✔️ Flexible, easy to trade ✔️ Can be purchased from small amounts (only 1.000 yen) ✔️ No need to keep physical gold	❌ Cannot hold gold, not suitable for gift giving ❌ Need to know how to use Japanese apps or financial services

Buy gold for investment (ETFs, gold certificates)

If you are interested in long-term investment, buying gold in Japan through certificates, ETFs or gold futures contracts is an option worth considering. Some notable ETFs:

• iShares Gold Trust
• SPDR Gold Shares (GLD)

The advantages and disadvantages of this form of gold investment are as follows:

Advantages	Disadvantages
✔️ No fees for gold storage or preservation ✔️ Closely follow world gold prices ✔️ High liquidity, easy to buy and sell online	❌ Suitable for people with knowledge of finance and stocks ❌ Do not use as a storage item or gift

Where to buy gold in Japan?

If you want to buy gold in Japan but don’t know where to go to ensure prestige, good prices and not worry about being unfairly taxed, here is a list of places that many Vietnamese people trust. Each place has its own advantages, from selling physical gold to online investment platforms, helping you flexibly choose the form that suits your personal needs:

• Ginza Tanaka: A long-standing gold store chain, present in many provinces and cities, specializing in 24K gold bars, gold ingots and jewelry.
• Mitsubishi Materials: Specializing in selling international standard investment gold (99.99%), with safe and transparent gold storage service.
• Tokuriki Honten: A prestigious gold shop in Tokyo, known for its high quality gold bars and friendly customer service.
• Rakuten Securities: Popular online trading platform, easy to use, can buy gold from 1.000 yen and monitor in real time.
• SBI Gold Online: Digital gold investment platform, allowing monthly gold accumulation, suitable for busy people.
• Monex Group: Integrating gold, stock, and investment fund transactions on the same system, convenient for general investors.
• PayPay Bank: Electronic banking has simple gold buying and selling features on the phone, quick account linking.
• Some major banks (Mizuho, MUFG): Gold is sold through links with precious metal companies, safe procedures, suitable for people who already have a Japanese bank account.

Detailed instructions on how to buy gold in Japan

Depending on your needs and investment style, you can buy gold in Japan in two popular ways: buy directly at the store (physical gold) or buy online through an exchange (digital gold). Below are detailed step-by-step instructions for both ways to buy gold in Japan.

Buy directly at the store

This form of buying gold in Japan is suitable for those who want to own physical gold for long-term storage, as gifts, to bring back to Vietnam or simply like the feeling of holding real gold in their hands. Suitable for new investors, the elderly or those who want to ensure safety by seeing the real product.

Steps to take:

• Step 1: Find a reputable store near where you live.
• Step 2: Check the price of gold and the type of gold you want to buy before you arrive. Visit the store's official website to see updated prices per gram, gold type (99.99% investment gold will be exempt from consumption tax).
• Step 3: Prepare identification documents. Normally, you do not need any documents if you are only buying small quantities. However, if you are buying large quantities (several hundred grams or more), you should bring your alien registration card or passport in case of verification.
• Step 4: Go to the store, choose the type of gold and pay. You can buy gold bars, gold ingots or jewelry. Pay by cash, domestic bank card or bank transfer.
• Step 5: Request invoice and gold certificate.
• Step 6: Store gold safely at home.

Buy gold online through exchanges or financial apps

This form of buying gold online in Japan is popular with young people, busy people who like flexible investment and do not need to keep physical gold. This method is suitable for those who want to buy and accumulate every month, or monitor the gold price for regular transactions.

Steps to take:

• Step 1: Choose a reputable platform to register an account. Some popular platforms are Rakuten Securities, SBI Gold, Monex Group, PayPay Bank. Prioritize choosing a platform that supports a friendly interface and easy bank account linking.
• Step 2: Proceed to registration and identity verification. You need to provide personal information such as email, phone number, Japanese bank account, alien registration card or individual number (My Number).
• Step 3: Link your bank account and deposit money.
• Step 4: Buy gold in the desired amount.
• Step 5: Monitor price movements and resell when needed. The system allows you to monitor price charts, place automatic sell orders when reaching the expected level, or accumulate long term.
• Step 6: Withdraw physical gold if needed.

8 tips when buying gold in Japan without worrying about depreciation

Although the gold market in Japan is quite stable and transparent, if you are inexperienced, you can still make mistakes when buying, such as buying at a high price, choosing the wrong type of gold that is taxed, or buying at a place with hidden fees. To buy gold in Japan wisely, you should master the 8 tips below to be both safe and maximize future profits.

• Compare prices between stores and exchanges before buying: each place can differ by a few hundred to a few thousand yen/gram, especially between online and physical stores.
• Priority to buy investment grade gold (99.99%): helps you to be exempt from 10% consumption tax and easy to resell at a good price.
• Buy regularly instead of buying all at once: average price over time, avoid buying right at market peak.
• Avoid buying on weekends or holidays: because the price is often high, less volatile and some places do not update in real time.
• Check carefully the fees when buying gold online: especially transaction fees, storing or withdrawing physical gold if you plan to take it back.
• Always get a receipt and gold certificate when buying directly: This is proof for you to resell or carry out procedures to bring gold back to Vietnam.
• Do not buy gold through groups or strangers online.: Although cheap, there are risks regarding quality, origin and legality.
• Monitor the Yen – USD exchange rate for long-term investment: Gold prices in Japan are strongly affected by fluctuations in foreign exchange rates.

Buying gold in Japan is not just simply storing assets but also a safe and stable form of investment that many Vietnamese people trust and choose. With a transparent market, diverse forms of transactions and a reputable store system, you can completely rest assured when participating. Start with a moderate amount of money, accumulate regularly and equip yourself with enough knowledge, investing in gold will be a solid step for your financial future in Japan.

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