Goodbye to the currency controls: Gold can now be purchased without restrictions in Argentina.

According to the new regulations of the Central Bank of Argentina , the purchase of gold , a metal considered "foreign currency" by the monetary authority, has been liberalized. With the lifting of the restrictions , people will be able to purchase bullion without monthly limits, making it a better option for those who prefer to keep their savings outside the banking system.

Until now, the public was restricted to a limit equivalent to $200 per month, but with the elimination of this restriction, unlimited gold purchases were also allowed. Although in Argentina it is still more common to save in US dollars, the free access to the precious metal could open up new investment options for those seeking to preserve value.

The Central Bank explained that, although banks are authorized to offer gold to their clients, in practice, almost none do so. Banco Ciudad is the exception: it sells domestically produced 999 fine gold ingots, with official certification at all stages of production. The bank offers pieces of 1, 5, 10, 50, and 100 grams, and each transaction includes a receipt guaranteeing the quality of the metal.

In addition to selling gold, Banco Ciudad offers an exclusive storage service for bullion purchased at the bank. Some traditional exchange houses also offer certified gold. Currently, in the Argentine market, the price of a gram of gold is around $144,000, leading some to consider custody alternatives, such as renting safe deposit boxes.

According to a recent report by Bank of America, the price of the metal is expected to rise to $3,350 per ounce by 2026. In fact, this year, gold is already approaching $3,300 per ounce, driven by economic instability and geopolitical tensions.

During the first quarter of the year, investment funds backed by physical gold saw strong inflows, totaling some $21 billion, according to international data. This movement reflects renewed interest in gold as a safe haven asset amid global uncertainties and financial risks.

Interest in gold grew not only in North America and Europe, which accounted for 83% of the flows, but also in Asia, where the region's weight in the global market is much smaller. With this new scenario of liberalized purchasing, an increase in Argentine investors' interest in diversifying their investments in the precious metal could be expected.