The tax will be in Washington state..
The state implementing a sales tax on gold (and other precious metals) with combined rates typically ranging from 7.5% to over 10% is Washington State, but this tax will take effect on January 1, 2026, not in 2024.
The Washington State Legislature passed a bill (ESSB 5794) that repeals the existing sales tax exemption on precious metals and treats them like any other retail product. The specific tax rate a buyer pays will depend on their local jurisdiction within Washington, which determines if the final sales tax is closer to 7.5% or over 10%.
