Gold Price Checker

Worth Knowing

The number this page shows is the international spot price: the wholesale rate for immediate delivery of pure gold, quoted in US dollars per troy ounce. A troy ounce is 31.1034768 grams, noticeably heavier than the 28.35g avoirdupois ounce used for groceries, and mixing the two up is the single most common source of gold-pricing confusion. Purity is the other half of the arithmetic. Karat is a fraction out of 24, so 24K is treated as pure, 22K is 91.6% gold, 18K is 75%, and 14K is 58.3%. The calculator scales the spot price by that fraction, which is why 22K per gram lands well below the pure-gold figure. Expect a real jeweler to quote more than this, and to quote a spread. Retail pricing adds making or fabrication charges, the dealer's own margin, assay or hallmarking costs, and any applicable local sales tax — in the US, whether bullion is taxed at all depends on the state, and several exempt investment-grade coins and bars above a threshold while taxing jewelry normally. Selling runs the other way: a buyer pays under spot, often well under for scrap, because they carry the refining cost and the price risk. Treat the figure here as the reference point both sides negotiate around, not as an offer. For tax purposes, the IRS classifies physical gold as a collectible, so long-term gains on bullion and coins can be taxed at up to 28% rather than the usual long-term capital gains rates — worth knowing before you sell.

How to Use

1. Choose the gold purity (24K, 22K, 21K, 18K, 14K, or 10K).
2. Choose a weight unit — gram, troy ounce, kilogram, or tola.
3. View the live price for that purity and unit, in USD.

Formula

Example

Spot price $4,000/oz, 22K (91.6% pure), per gram → ($4,000 ÷ 31.1034768) × 0.916 ≈ $117.80/gram.

Frequently Asked Questions