Today’s price
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Reference estimates only, not an offer, appraisal or financial advice.
Price by unit
The market quotes pure gold per troy ounce, in US dollars. The other rows divide that quote by the gram weight of the unit. None of them is a jewelry price.
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Price by karat
Karat is the gold fraction. Multiply the pure-gold price by karat ÷ 24. A 14K gram is not a 24K gram.
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Melt values before buyer fees; typical payouts are lower. Compare a quote with the scrap gold calculator, and read how scrap value is calculated before you treat melt as a cheque.
Recent price
Chart shown in US dollars. The buttons ask the price service for one month, one year or five years. If that service is not configured, or it returns nothing, the chart says history is not available.
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Read what moved the gold price for the longer ranges and for what a chart is not.
What is my gold worth?
Weight times purity times the spot price per gram. The result is melt value in the currency selected above. It uses the same units and the same purity fraction as the scrap calculator.
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How the spot price is set
Spot is the price of one troy ounce of pure gold for delivery now, as opposed to a contract for a later month. The troy ounce is the unit the bullion trade inherited from the mint. It is heavier than the ounce on a kitchen scale. Quoting “the gold price” without saying troy ounce is how a regular ounce gets mistaken for the market unit.
The number is agreed in a wholesale market. Miners, refiners, banks and bullion dealers trade large bars, and the prints from those trades become the reference everyone else uses. A screen in a jewelry shop is not a second market. It is a display of that reference, sometimes a few minutes late, sometimes converted into a local currency, sometimes already marked up.
The quote is in US dollars per troy ounce even when you are standing in a shop that thinks in grams. Local currency is a multiplication by an exchange rate. It is not a different gold price. This page keeps the dollar quote as the source and converts only when a rate service has actually returned a rate.
Purity sits on top of the quote. Spot already assumes pure gold. Jewelry is an alloy. Fourteen karat is fourteen parts gold in twenty-four, so the same weight of 14K contains less pure gold than a bar. The karat table is that fraction applied to the spot price. It is not a second quote from a second market.
Spot, melt and payout
Three different numbers get called “the gold price”. Spot is one troy ounce of pure gold. Melt is the spot value of the pure gold inside a particular object, after you have weighed it and applied the karat. Payout is what a buyer offers for that object. Payout is lower than melt because the buyer tests, melts, refines and keeps a margin.
A chain stamped 14K does not become worth the spot price when gold rises. It becomes worth its own melt, which moves with spot, and then a buyer pays a share of that melt. The share depends on the buyer. A refiner and a pawn shop are not the same bid. The scrap value guide walks through the formula. Where to sell scrap gold compares the kinds of buyers without naming shops.
Stones, clasps and steel springs are not gold. Weigh the gold. A hollow rope chain can look expensive and contain little metal. Melt follows the scale, not the photograph. If the piece is a coin or a signed jewel, a collector may pay more than melt. That premium is a different market. This page does not add it.
Why sites disagree
Two honest sites can show different figures at the same minute. One may have refreshed thirty seconds earlier. One may show the bid, the price a dealer will pay, and the other the ask, the price a dealer will sell at. The gap between bid and ask is the spread. It is small on a large bar and wider on a single gram of jewelry.
Currency is the next split. A euro figure and a dollar figure are the same gold only after you know the rate and the minute of the rate. A site that converts once a day will drift from a site that converts every hour. This page names the time on the rate when it has one, and it refuses to invent a rate when it does not.
Unit and karat cause the arguments that look like price errors. A “price per ounce” might be a troy ounce or a regular ounce. A “price per gram” might be pure gold or 14K. A “price per tola” is another weight entirely. Read the unit before you decide a site is wrong. Then read the karat.
Delays are ordinary. A homepage that caches a quote for a few minutes is not a different market. A quote with no time on it is the one to distrust, because you cannot tell whether it is this hour or last week. This page shows the time when the quote includes one.
Convert the quote
Start from the troy-ounce price in US dollars. Divide by 31.1034768 to get the price of one gram of pure gold. Multiply by 1.55517384 for one pennyweight. Multiply by 28.349523125 for one regular ounce. Multiply the gram price by 1,000 for a kilogram. Those factors are weights. They do not change when the market moves.
For a karat, multiply the pure-gold result by the karat and divide by 24. Eighteen karat is 18 ÷ 24, which is 75 percent. Fourteen karat is 14 ÷ 24. The stamp on the metal is sometimes a fineness, such as 585 or 750, which is parts per thousand. The gold purity chart puts the stamp next to the fraction. The karat calculators price the fraction, not a guess from the color.
Currency comes last. Multiply the dollar amount by the number of local units in one dollar. Do that only with a rate you can point to. A remembered rate from a trip, or a rate typed into a page “for example”, is how a conversion becomes fiction. If this page cannot fetch a rate, it stays in dollars.
What moves gold
Gold moves when the people who trade large amounts of it change their minds about dollars, interest rates and risk. A higher real yield on cash makes a metal that pays no interest less attractive. A weaker dollar often lifts the dollar price, because the same ounce costs more dollars. Neither of those is a promise about next month.
Jewelry demand, mine supply and central-bank buying show up over months, not in the minute-to-minute print. A festival season can tighten the physical market in one country without rewriting the global spot price by itself. Scrap supply rises when the price has already risen, because more people bring old jewelry to the counter. That flow is a result of the price as much as a cause.
A chart of the past is a record, not a forecast. The short chart on this page is only the series the price service returns. The gold price history guide explains the ranges and why an empty chart stays empty. Nothing here tells you to buy or to sell.
How often this page updates
The spot figure follows the shared price used by the calculators, and that request runs about once a minute. When a gold-price service is configured, this page also reads it for the previous close and for the change since that close. If the service does not send a previous close, the change line stays off. It is not filled with a guess.
Exchange rates are a separate request, about every ten minutes, and only after an address is configured. Until then the currency list still shows every currency the calculators know, and every one except the US dollar is disabled. History is a third request. Until it returns a series, the chart says history is not available right now.
A labelled Sample quote means the live service has not replaced the sample the calculators use while they wait. A Stale label means the service said the quote is old. A Live label means a service answered. None of those labels turns the figure into an offer.
Questions
What is the gold price per gram today?
Divide the troy-ounce spot price by 31.1034768. The per-gram row on this page does that with the quote the page is showing. It is the price of pure gold, before a buyer’s fee.
What is the gold price per ounce?
The quoted ounce in the gold market is the troy ounce, 31.1034768 grams. A regular ounce is 28.349523125 grams and is worth less pure gold. The unit table lists both.
Why is this price different from another site?
Sites refresh at different minutes, convert currencies at different rates, and some show a bid or an ask instead of a single spot print. A delay of a few minutes is normal. A gap of several percent usually means a different unit, a different karat, or a dealer premium.
How often does this page update?
The spot quote is requested about once a minute. Exchange rates, once the rate service is configured, are requested about every ten minutes. If a service is off, the page says so instead of inventing a number.
Does this price include a dealer premium?
No. The figure is a spot conversion. Coins, bars and jewelry can sell above it or below it. Premiums, taxes, duties and a scrap buyer’s margin are not in the number.
How do I see the price in my currency?
Use the currency control on this page. It lists the same currencies as the scrap calculator. If the exchange-rate service is off, only US dollars stay available, and the page says other currencies are unavailable.
This is a melt-value estimate, not an appraisal or an offer.