Loading…
Pure 24K gold is worth $4,377.60 per troy ounce. The troy ounce is the unit the international market quotes in, and the one bullion coins and bars are usually sold by.
Prices last updated
| Purity | Gold content | Value per troy ounce |
|---|---|---|
| 24K | 100.0% | $4,377.60 |
| 22K | 91.7% | $4,012.80 |
| 21K | 87.5% | $3,830.40 |
| 18K | 75.0% | $3,283.20 |
| 14K | 58.3% | $2,553.60 |
| 10K | 41.7% | $1,824.00 |
Melt value only, before dealer margins. Other units: per gram, per kilogram, per tola, per pavan.
One troy ounce of pure 24K gold is worth about $4,377.60 at the current spot price of $4,377.60 per troy ounce.
Value scales with purity, so 18K gold is worth about $3,283.20 per troy ounce and 14K about $2,553.60, against $4,377.60 for pure 24K.
A troy ounce is 31.1034768 grams — about 10% heavier than the avoirdupois ounce used for food, which is 28.35 g. Confusing the two overstates or understates a holding by roughly a tenth. Bullion coins such as the Krugerrand, Eagle, Maple Leaf and Britannia are all built around the one-ounce standard, and dealers charge a premium over spot that covers minting and distribution.