diff --git a/packages/nuxt/src/app/components/nuxt-link.ts b/packages/nuxt/src/app/components/nuxt-link.ts
index 814df1658e..353f8ccda6 100644
--- a/packages/nuxt/src/app/components/nuxt-link.ts
+++ b/packages/nuxt/src/app/components/nuxt-link.ts
@@ -18,6 +18,8 @@ import { cancelIdleCallback, requestIdleCallback } from '../compat/idle-callback
 // @ts-expect-error virtual file
 import { nuxtLinkDefaults } from '#build/nuxt.config.mjs'
 
+import { hashMode } from '#build/router.options'
+
 const firstNonUndefined = <T> (...args: (T | undefined)[]) => args.find(arg => arg !== undefined)
 
 const NuxtLinkDevKeySymbol: InjectionKey<boolean> = Symbol('nuxt-link-dev-key')
@@ -110,6 +112,10 @@ export function defineNuxtLink (options: NuxtLinkOptions) {
     }
   }
 
+  function isHashLinkWithoutHashMode (link: unknown): boolean {
+    return !hashMode && typeof link === 'string' && link.startsWith('#')
+  }
+
   function resolveTrailingSlashBehavior (to: string, resolve: Router['resolve']): string
   function resolveTrailingSlashBehavior (to: RouteLocationRaw, resolve: Router['resolve']): Exclude<RouteLocationRaw, string>
   function resolveTrailingSlashBehavior (to: RouteLocationRaw | undefined, resolve: Router['resolve']): RouteLocationRaw | RouteLocation | undefined {
@@ -176,7 +182,9 @@ export function defineNuxtLink (options: NuxtLinkOptions) {
 
     // Resolves `to` value if it's a route location object
     const href = computed(() => {
-      if (!to.value || isAbsoluteUrl.value) { return to.value as string }
+      if (!to.value || isAbsoluteUrl.value || isHashLinkWithoutHashMode(to.value)) {
+        return to.value as string
+      }
 
       if (isExternal.value) {
         const path = typeof to.value === 'object' && 'path' in to.value ? resolveRouteObject(to.value) : to.value
@@ -373,7 +381,7 @@ export function defineNuxtLink (options: NuxtLinkOptions) {
       }
 
       return () => {
-        if (!isExternal.value && !hasTarget.value) {
+        if (!isExternal.value && !hasTarget.value && !isHashLinkWithoutHashMode(to.value)) {
           const routerLinkProps: RouterLinkProps & VNodeProps & AllowedComponentProps & AnchorHTMLAttributes = {
             ref: elRef,
             to: to.value,
diff --git a/packages/nuxt/src/pages/module.ts b/packages/nuxt/src/pages/module.ts
index c2215173bd..ba8c0a807d 100644
--- a/packages/nuxt/src/pages/module.ts
+++ b/packages/nuxt/src/pages/module.ts
@@ -129,6 +129,16 @@ export default defineNuxtModule({
           'export const START_LOCATION = Symbol(\'router:start-location\')',
         ].join('\n'),
       })
+      // used by `<NuxtLink>`
+      addTemplate({
+        filename: 'router.options.mjs',
+        getContents: () => {
+          return [
+            'export const hashMode = false',
+            'export default {}',
+          ].join('\n')
+        },
+      })
       addTypeTemplate({
         filename: 'types/middleware.d.ts',
         getContents: () => [
diff --git a/packages/nuxt/test/nuxt-link.test.ts b/packages/nuxt/test/nuxt-link.test.ts
index f57c5d43b0..057214f3a1 100644
--- a/packages/nuxt/test/nuxt-link.test.ts
+++ b/packages/nuxt/test/nuxt-link.test.ts
@@ -119,6 +119,11 @@ describe('nuxt-link:isExternal', () => {
     expect(nuxtLink({ to: '/foo/bar', target: '_blank' }).type).toBe(EXTERNAL)
     expect(nuxtLink({ to: '/foo/bar?baz=qux', target: '_blank' }).type).toBe(EXTERNAL)
   })
+
+  it('returns `true` if link starts with hash', () => {
+    expect(nuxtLink({ href: '#hash' }).type).toBe(EXTERNAL)
+    expect(nuxtLink({ to: '#hash' }).type).toBe(EXTERNAL)
+  })
 })
 
 describe('nuxt-link:propsOrAttributes', () => {
diff --git a/test/mocks/router-options.ts b/test/mocks/router-options.ts
new file mode 100644
index 0000000000..7a16f6ffec
--- /dev/null
+++ b/test/mocks/router-options.ts
@@ -0,0 +1,2 @@
+export default {}
+export const hashMode = false
diff --git a/vitest.config.ts b/vitest.config.ts
index ec08cc258d..e9734754a4 100644
--- a/vitest.config.ts
+++ b/vitest.config.ts
@@ -8,6 +8,7 @@ export default defineConfig({
   resolve: {
     alias: {
       '#build/nuxt.config.mjs': resolve('./test/mocks/nuxt-config'),
+      '#build/router.options': resolve('./test/mocks/router-options'),
       '#internal/nuxt/paths': resolve('./test/mocks/paths'),
       '#build/app.config.mjs': resolve('./test/mocks/app-config'),
       '#app': resolve('./packages/nuxt/dist/app'),