📏 Gold Price in Grams — Easier to Understand
Gold is traded globally in troy ounces (1 oz = 31.1 grams). But most people buy gold by the gram. Here's what it means in everyday sizes:
🌏 Common Currencies
Why Use Troy Ounces for Gold?
Gold has been measured in troy ounces for centuries — it's the global standard. 1 troy ounce = 31.1 grams.For comparison, a regular kitchen ounce (used for food) is only 28.3 grams.
If you buy gold jewelry or bars, you'll usually see the price per gram. Simply divide the spot price by 31.1 to get the price of 1 gram of pure gold.
What Affects the Gold Price You Pay?
The spot price above is for pure 24K gold in large wholesale quantities. When you buy physical gold (bars, coins, jewelry), you'll pay a premium on top:
- Gold bars: spot + 1-3% premium
- Gold coins: spot + 3-8% premium
- Gold jewelry: spot + 10-50% premium (includes workmanship + markup)
- Gold purity: 24K = 99.9% gold, 22K = 91.7%, 18K = 75%
How to Read This Page
Step 1: Look at the big number at top — that's the price of 1 troy ounce (31.1g).
Step 2: Look at the grams table above — find "1 gram" to see the price of pure gold per gram.
Step 3: If buying jewelry, add the premium. If buying bars, the premium is smaller.
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