Some private banks allow wealthy clients to buy a claim to gold held in their vaults (starting around $250,000), which avoids the hassle of physical handling.
Buying gold bullion from a bank is possible but increasingly rare, especially in North America. While some international institutions in Europe (like Switzerland) or Asia still offer retail gold services, most U.S. banks have moved away from physical precious metals due to high security costs and price volatility. The Typical Experience buying gold bullion from banks
Compare the bank's price against reputable online dealers like APMEX or Birch Gold Group to ensure you aren't overpaying. Some private banks allow wealthy clients to buy
Most major U.S. banks do not sell physical gold to the public. You may have better luck with local credit unions or smaller, rural banks that sometimes buy and sell coins received from customers. banks have moved away from physical precious metals
Do not expect to walk into a branch and buy gold. Most banks that still participate require you to be an existing account holder and may need to order the metal in advance.
Most branches simply do not offer this service anymore.
Banks typically charge a 7–10% markup over the "spot" market price, which is often higher than specialized dealers.