7 Gold Investment Options in Mauritius
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Last updated on
July 24, 2026
Gold is still considered one of the favourite assets for individuals seeking security, longevity, and diversity. However, the right option depends on whether you want physical ownership, easy access, regular accumulation, or short-term trading exposure.
The main gold investment options in Mauritius include gold bars, coins, and jewellery, gold ETFs, gold funds, saving schemes, shares in gold miners, and investing in XAU/USD.
This blog will compare these different ways of investing in gold, highlight their advantages and disadvantages, and help beginners identify which gold investment may suit their financial goals.
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Quick Comparison of Gold Investment Options in Mauritius
Gold investment options function in different ways. In some cases, they offer you actual possession, whereas others just provide exposure to gold prices. Use the comparison table below to understand how each option may fit different objectives.
| Gold Option | Ownership Type | Beginner-Friendly | Liquidity | Main Risk | Best For |
|---|---|---|---|---|---|
| Physical gold bars/coins | Direct ownership | Medium | Medium | Storage, spread, verification | Long-term savers |
| Gold jewellery | Personal-use asset | High | Medium | Making charges, resale deductions | Gifts, weddings |
| Gold ETF | Market-based exposure | Medium | Medium/High | Market price, liquidity, tracking risk | Investors avoiding storage |
| XAU/USD or Gold CFDs | Trading exposure | Low | High | Leverage, volatility, rapid losses | Experienced traders |
| Gold funds | Managed exposure | Medium | Medium | Fees, currency risk, fund risk | Long-term portfolio builders |
| Gold savings plans | Gradual accumulation | Medium | Depends on the provider | Terms, markups, seller trust | Salary earners |
| Gold mining stocks | Equity exposure | Low/Medium | High | Company and stock market risk | Experienced investors |
For physical possession, actual gold is the way to go, whereas Gold ETFs or funds are easier options for those who prefer not to manage storing their precious metal.
Gold jewellery can be useful for gifting, weddings, or personal use, but it is usually weaker as a pure investment. XAU/USD and Gold CFDs are trading products, so beginners should treat them with caution.
1. Physical Gold Bars and Coins
Physical gold is one of the most traditional options to invest in gold in Mauritius because investors get direct gold ownership. Rather than getting market-based exposure through a Gold ETF, XAU/USD, or Gold CFDs, you get real gold bullion, gold bars, or gold coins.
The Bank of Mauritius maintains a Gold Bar Programme page; however, as of the current BoM listing reviewed, minted gold bars are shown as not available for sale. Investors should check the BoM website directly before relying on availability.
Private bullion dealers, such as InvestGold 247, also sell gold and silver products in Mauritius, and their prices are normally correlated with the international price of gold.
What to Check Before Buying
Before buying physical gold, check:
- Purity: 24K, 999.9 fine gold, or 9999 gold.
- Certificate of authenticity and serial number.
- Seller reputation and buy-back policy.
- Buy/sell spread or premium over the spot gold price.
- Storage insurance, invoice and documentation, and custody terms.
Pros of Physical Gold
- Direct ownership.
- Tangible asset.
- Useful for wealth preservation.
- No trading-platform risk.
- Supports portfolio diversification.
Cons of Physical Gold
- Storage and theft risk.
- Higher buy/sell spreads.
- Purity verification needed.
- Lower liquidity than Gold ETFs.
- No interest or dividend income.
Who Physical Gold Is Best For
Physical gold may be suitable for long-term investors, conservative investors and those who prefer tangible gold ownership over daily trading. It can also be a good choice for beginners, provided they purchase it from credible sources.
2. Gold Jewellery
Gold jewellery is one of the most accessible ways to buy gold in Mauritius, but it is usually more suitable for personal use, gifting, or cultural occasions than for pure investment purposes. For many people in Mauritius, jewellery is an investment as well as a source of personal usage and celebrations.
Nevertheless, jewellery is relatively weak as an investment owing to the possibility that the purchase cost is not limited to only the value of gold but includes manufacturing costs, design costs, retail margins, and purity differences.
Jewellery vs Investment Gold
Jewellery may retain some value, but not equivalent to purchasing investment gold such as gold bullion, gold bars and gold coins. Its value during resale depends on weight, purity, store policy and deductions.
For instance, consider that two individuals purchase gold worth MUR 100,000. While one purchases gold jewellery, another buys gold bars.
However, if they sell later at the same gold price, Person A may receive less because making charges are often not fully recovered. Person B may get closer to the metal value after the buy/sell spread.
Hence, even if there is no change in the gold price, the individual purchasing gold jewellery might receive a lesser amount than the person buying gold bars.
So, jewellery is more suited for usage as well as gifting purposes, whereas gold bars and coins are better investments.
Pros of Gold Jewellery
- Could be worn or given as a gift.
- Commonly available in Mauritius.
- Holds cultural and emotional significance.
- Suitable for weddings and family occasions.
Cons of Gold Jewellery
- Making charges reduces potential resale value.
- Gold purity may vary.
- Deduction on resale could be high.
- Not suitable for profit-oriented investors.
When Jewellery Makes Sense
Jewellery makes sense when personal use, gifting, or tradition matters, along with partial value preservation. It could be appropriate for weddings, family events, or occasional gold accumulation, but those focused mainly on investment value may prefer to compare bullion, coins, ETFs, or other regulated gold-exposure products.
3. Gold ETFs on the Stock Exchange of Mauritius
A gold ETF is another gold investment option without storing physical gold at home. Unlike buying gold bars and coins, in this case, the investor buys units of an ETF through the stock market.
This provides exposure to market-driven gold prices and could be convenient for individuals who would like to hold gold in their portfolio.
In Mauritius, NEWGOLD ETF is listed on the Stock Exchange of Mauritius in MUR. According to Absa, NewGold is structured as a listed instrument backed by gold bullion, with each security linked to approximately 1/100th of an ounce of gold.
Investors should still review the latest factsheet, NAV, fees, liquidity, and trading spreads before investing.
How Gold ETFs Work
Gold ETFs are similar to stocks in that they can be bought and sold on an exchange. The price tends to track the price of gold, but there could be slight variations between its market price and Net Asset Value (NAV).
Before investing in ETFs, investors should also consider additional charges like brokerage fees, bid-ask spread, liquidity, and fund-related charges.
Pros of Gold ETFs
- Easy buying and selling as compared to physical gold.
- No home storage or theft risks.
- Smaller investments may be possible.
- Transparent market pricing through the exchange.
- Useful for portfolio diversification.
Cons of Gold ETFs
- A brokerage account is needed.
- Subject to market and tracking risks.
- Liquidity could depend on the Stock Exchange of Mauritius.
- Investors generally receive market exposure rather than physical possession of gold.
- Charges may be applicable for brokerage and the funds.
Physical Gold vs Gold ETF
| Factor | Physical Gold | Gold ETF |
|---|---|---|
| Ownership | Direct physical ownership | Market-based gold exposure |
| Storage | The investor arranges storage | No personal storage needed |
| Buying process | Dealer or institution | Brokerage account |
| Liquidity | Depends on the buy-back policy | Depends on SEM liquidity |
| Cost | Spread, storage, insurance | Brokerage, spread, fund costs |
| Best for | Tangible ownership | Convenience and portfolio exposure |
Who Gold ETFs Are Best For
Gold ETFs may be suitable for beginner investors in Mauritius who are willing to open a brokerage account, long-term investors, and individuals who require gold investments without the hassle of storage and physical checking of gold.
4. Gold Investment Through Forex: XAU/USD
Forex-based gold investments are also a gold investment option for Mauritians. Nevertheless, this is not conventional investing in gold. In XAU/USD, one gets exposure to gold without buying gold physically.
XAU/USD represents gold priced in USD. Investors may take a position based on whether they expect gold prices to rise or fall. The result depends on gold price movement, position size, spread, swap charges, broker fees, and risk management.
For instance, a new forex trader learning how to invest using platforms like Zyvest Capital may study gold trends, technical trading, risk management, and stop loss before taking an XAU/USD trade. This matters because gold can move sharply during inflation data, interest rate announcements, or US Dollar volatility.
How Gold Forex Investing Works
Gold forex investing is based on opening a position on XAU/USD, the currency pair that reflects the gold rate against the US Dollar. If you expect gold to rise, you buy XAU/USD. If you expect gold to fall, you sell XAU/USD.
Your result depends on price movement, position size, spread, swap charges, broker fees, and how well you manage risk.
Unlike owning physical gold or gold exchange-traded funds, in the case of gold forex investment, you don’t have gold in your possession.
You are gaining forex-based exposure to gold price movement, so it is better suited for active investors who understand volatility and stop-loss planning.
Pros of Gold Investing Through Forex
- Easy access to gold price exposure.
- Can benefit from rising or falling prices.
- High liquidity.
- No physical storage needed.
Cons of Gold Investing Through Forex
- No physical gold ownership.
- Leverage may magnify losses.
- Overnight fees may apply.
- Not suitable without risk management.
Beginner Risk Rule
Forex-based gold exposure can be risky for beginners because XAU/USD is often traded with leverage, and small price movements can lead to significant gains or losses.
Manshood, a full-time gold trader, notes that a proper risk management strategy is essential when you are investing in forex, especially in XAU/USD.
Trading capital should be matched with a clear risk-management plan. Low-capital accounts may be more vulnerable to margin pressure if traders use excessive leverage or oversized positions.
Moreover, he also adds that the lot size and leverage should be kept low to reduce avoidable risks.
5. Gold Mutual Funds or International Gold Funds
Gold mutual funds, or international gold funds, enable investors to gain exposure to gold through managed investment products. These investment vehicles may invest in gold ETFs, gold mining shares, gold-backed investments, or a combination of precious metals and global gold companies.
They may be made available through banks, brokerage firms, wealth management firms, or international investment services, subject to the investment company’s and the investor’s eligibility in Mauritius.
What to Check in a Gold Fund Factsheet
Before investing, one needs to look at the factsheet of the gold fund for the following points:
- Does the fund hold physical gold?
- Does the fund invest in Gold ETFs?
- Does it include gold mining stocks?
- What is the expense ratio?
- What currency is the fund priced in?
- Is there currency risk?
- What is the minimum investment?
- Are there exit fees or lock-in periods?
- How closely does it track gold prices?
Pros
- Professional management.
- Can aid in portfolio diversification.
- Easier compared to picking individual gold stocks.
- May allow regular contribution.
- Suitable for long-term investing.
Cons
- Charges may reduce returns.
- The fund may not directly track gold prices.
- Involves currency risks.
- Availability depends on the provider.
- Mining-stock exposure can increase volatility.
Who Gold Funds Are Best For
Gold mutual funds are a good way to invest in gold in Mauritius for those who prefer professionally managed assets and wish to invest in gold but not physically handle it.
6. Gold Savings Plans or Monthly Payment Plans
Monthly savings or purchasing plans could assist beginner investors in Mauritius to accumulate gold gradually instead of one big purchase. In these plans, the buyer usually pays a fixed amount regularly, and the gold quantity may be calculated based on the market price at the time of purchase or allocation.
For example, instead of buying MUR 120,000 worth of gold at once, a salary earner may choose to accumulate around MUR 10,000 per month over 12 months, subject to the provider’s pricing method, fees, storage terms, and cancellation rules.
Some private providers in Mauritius advertise gold or silver monthly payment plans. Investors should review the written agreement, pricing method, ownership terms, custody arrangements, cancellation rules, AML/KYC requirements, and buy-back policy before participating.
How Gold Savings Plans May Work
A gold savings programme may consist of instalment, future delivery, storage, collection, or buy-back schemes. Before joining, beginners need to know how the gold price is determined, when the ownership starts, whether there are any applicable fees or mark-ups, and the cancellation policy.
Pros
- Beginner-friendly.
- Facilitates gradual acquisition.
- Good for systematic savings.
- Can minimise risks associated with timing.
- Works well for salary recipients and small-scale investors.
Cons
- Conditions may differ depending on the service provider.
- Fluctuation of the gold price.
- Applicable fees or mark-ups.
- Requires seller trust.
- Cancellation rules may reduce flexibility.
Who Gold Savings Plans Are Best For
The gold savings scheme is ideal for employees, small investors, and individuals interested in gradually growing their gold holdings. However, an important criterion is to avoid joining a scheme whose conditions are not clearly laid out.
7. Gold Mining Stocks and Global Gold Companies
Gold mining stocks are not the same as buying physical gold. When an investor buys a mining stock, they are buying the shares of a company involved in gold production, and not the actual gold bullion, bars, or coins. So, this is an indirect exposure to gold.
For example, the gold price increase may help mining companies earn more money because of increased revenues.
Nevertheless, if the company experiences financial difficulties due to huge debts, increased expenses, or mine issues, the share price of the mining company may reduce even if the gold price is growing.
Examples of international gold-related companies include Newmont Corporation, Barrick Gold, Agnico Eagle Mines, AngloGold Ashanti, Wheaton Precious Metals and Franco-Nevada Corporation. To invest in gold mining stocks, Mauritian investors have to get access to international investment platforms.
Risks of Gold Mining Stocks
Some major risks of gold mining stocks are debt, cost of production, currency risk, regulatory risk, accident risk at the workplace, and stock market risk.
Pros
- Possibility of higher returns.
- Some companies may give dividends.
- Global exposure to the gold mining industry.
- May benefit from rising gold prices.
Cons
- High volatility.
- Company-specific risk.
- Stock market risk.
- May not be suitable for conservative and beginner investors.
- Knowledge about the stock market is important.
Who Gold Mining Stocks Are Best For
Gold mining stocks are more suitable for seasoned investors who understand equity markets and want growth exposure. However, beginners should be able to treat them as stock investments, not pure gold investments.
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Which Gold Investment Option Is Best in Mauritius
There isn’t a one-size-fits-all gold investment option in Mauritius that would work for everybody. The correct choice for an individual will depend on their objective, risk tolerance, time frame, and preference to own physical gold or have exposure through Gold ETFs and other vehicles such as XAU/USD.
Best Option by Goal
The table below shows potential gold investment options based on different financial goals.
| Goal | Best Gold Option |
|---|---|
| Safety and preservation | Physical gold or ETF exposure |
| Convenience | Gold ETF |
| Tangible ownership | Gold bars or coins |
| Active trading | XAU/USD or Gold CFDs |
| Gifts and weddings | Jewellery or coins |
| Small monthly savings | Gold payment plans, if transparent |
| Growth exposure | Gold mining stocks or global gold funds |
A new investor looking to store their wealth in precious metals could opt for gold bars, gold coins, or a Gold ETF. If someone wants to give gold as a wedding gift, jewellery or coins may be considered, while recognising that jewellery may have lower resale efficiency.
A trader who understands leverage, stop-loss orders, and market volatility may consider XAU/USD, but it should not be treated like a savings plan.
Beginner Recommendation
Beginners planning to invest in gold in Mauritius should consider learning before investing. Avoid leverage in the beginning, compare spreads, fees, storage costs, and buy-back policies, and use reputable providers or regulated platforms where possible.
Gold may help in portfolio diversification and wealth storage. But at the same time, it should not be considered as a product that offers guaranteed returns.
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Risks to Know Before Investing in Gold
Gold may serve as protection for one’s wealth in some instances, particularly in cases of inflation, a weak currency, or uncertainty in the markets. Nevertheless, it comes with its risks, as the price of gold may fluctuate, and the real rate of return could be influenced by various factors.
Major Risks
- Volatility of gold prices: Gold prices may rise or fall depending on global demand, interest rates, the US Dollar, and market sentiment.
- No guarantee of profit: Gold does not always increase in value, especially in the short term.
- Lack of passive income: Gold does not give dividends or pay interest.
- Storage risk: Bullion, coins, and gold jewellery have storage risks.
- Exchange rate risk: Prices of international gold are usually tied to the USD, and thus, exchange rates might have an effect on local prices.
- Seller markup and buy-back spread: The buying price might be higher than the selling price.
- ETFs or platform risks: Gold ETFs may have tracking or liquidity risk, while trading platforms may carry broker risk.
- Overexposure: Owning too much gold reduces portfolio diversification.
Red Flags to Avoid
Beware of promises such as guaranteed monthly gains, “risk-free” gold trading, very high profits, and rushed deposits. One should be careful with social media investment schemes, unclear company details, no written buy-back policy, and unclear storage or delivery terms.
Mauritius-Specific Safety Note
On 5 February 2026, the Bank of Mauritius and the Financial Services Commission warned the public about unregulated investment opportunities advertised through social media and informal channels, particularly those promising abnormally high returns. Investors should verify licence status, provider identity, written terms, custody arrangements, and risk disclosures before committing funds.
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Conclusion
The best gold investment options in Mauritius depend on your goal, risk level, and investment style. Physical gold bars and coins are best suited for individuals who need direct gold ownership, whereas gold jewellery is preferred by people looking to gift it, get married, and more. Similarly, gold ETFs, gold funds, and savings plans may offer easier access without the responsibility of storing physical gold.
Traders may use XAU/USD or gold CFDs for short-term exposure to gold-price movements, but these are speculative trading products and should not be treated as savings or long-term gold ownership. Investors who are willing to take more risks might look into gold mining stocks.
As you decide which gold product suits you, ensure you compare fees, spreads, liquidity, storage periods, and provider reputation. Gold may support portfolio diversification and wealth preservation objectives, but it does not guarantee returns and may fall in value. Beginners should start with education and choose the option that matches their purpose.
Author Info
Uma Nair is a professional content writer with over 3 years of experience and a strong foundation in crafting engaging and informative content across diverse domains. Over the years, she has dealt with various niches, and her growing interest in finance has led her to explore the world of financial writing. As an English Language and Literature postgraduate, her educational background supports her ability to convey complex topics in easy and accessible content. In her free time, she stays updated on industry trends to continually enhance the value of her content.
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Aiswarya Vipin
Aiswarya Vipin is a Forex trader with over 4 years of experience with a strong focus on price action, market structure, and disciplined execution.Her trading approach emphasizes risk management, capital preservation, and consistency across different market conditions, guided by simplicity and clear decision-making.Driven by patience and continuous improvement, she also shares practical insights to help traders build realistic expectations and sustainable day trading habits.
Disclaimer:
The information provided on this blog is for general informational and educational purposes only and is not intended as financial, investment, legal, or tax advice. While we strive to ensure accuracy, completeness, and timeliness, the financial world is dynamic, and content may become outdated or subject to change. Always conduct your own research or consult with a qualified financial advisor before making any investment or financial decisions. The authors and publishers of this blog are not liable for any losses or damages arising from the use or reliance on the information presented.
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