Gold Price Today — Live Rates

How today's gold price is calculated

The headline gold price on this page is the international spot price: the wholesale value of one troy ounce (31.1035 g) of fine gold for immediate delivery; the calculator applies a separate .999 factor for its nominal 24K setting. Spot prices are formed by continuous trading between banks, refiners and funds in London, New York, Zurich, Shanghai and other hubs, so the number moves every few seconds while markets are open.

Right now one troy ounce of gold is worth about $4,148.63. Dividing by 31.1035 gives the price per gram: $133.38. A kilogram bar therefore carries a melt value of roughly $133,381.55, while a 10 g bar is worth around $1,333.82 before any dealer premium.

Prices in EUR, GBP, JPY and CHF are quoted directly from the data feed for each currency, so they already reflect current exchange rates. Country pages for currencies outside that list convert the USD spot price with the latest daily FX rate.

From 24K spot to the karat price of your jewellery

Most jewellery is not pure gold. The karat number tells you how many parts out of 24 are gold, and the price scales in exactly the same proportion. 22K is 91.67% gold, 18K is 75%, 14K is 58.33% and 9K is 37.5%.

Worked example with today's price: an 18K ring weighing 6 grams contains 6 × 0.75 = 4.5 g of pure gold. At $133.38 per gram that is a melt value of $600.22. The same weight in 14K would be worth $466.81, and in 22K $733.63.

Use the calculator at the top of this page to change the metal, karat, weight and currency instantly, or open the dedicated karat pages for per-gram tables in several currencies.

Spot price versus what you pay or receive

Spot is a reference price, not a retail price. Dealers add product premiums and other agreed costs when selling coins or bars. Buyers can deduct testing, processing costs and margin when buying jewelry. Ask for written net quotes instead of assuming a universal premium or payout percentage.

Silver, platinum and palladium follow the same logic. Today silver trades near $57.14 per ounce, platinum near $1,623.55 and palladium near $1,128.46. The gold-to-silver ratio — how many ounces of silver buy one ounce of gold — currently stands at about 72.6, a figure many investors watch to judge relative value.

Tips for checking the gold price in 1970

Compare like with like: always check whether a quote is per gram or per troy ounce, and which karat it refers to. A common mistake is comparing a per-gram 22K jewellery quote with a per-ounce 24K spot price.

Check the time of the quote. Gold can move 1–2% in a single session around central-bank announcements or inflation data, so a price from yesterday may already be outdated. This site refreshes live prices every minute while the page is open.

For long-term decisions, look beyond the daily number. The historical chart shows available recorded observations, which puts short-term swings into perspective, and the price alerts page can notify you when a target level is reached.

Start with the price question you actually have

For a jewelry sale, begin with purity and net weight rather than the largest price on the screen. The spot ounce describes fine gold; a stamped 750 ring needs a 0.75 adjustment after stones and non-gold components are excluded. A common 585 mark describes 58.5%, which is slightly different from the nominal fourteen-karat factor used in the table. Our dedicated purity guide explains the distinction so a rough estimate is not mistaken for an assay. For an investment coin, check the mint’s stated fine content before discounting for karat: some alloyed coins already contain a specified fine ounce.

For a bullion purchase, compare the exact product’s delivered price with its fine-metal reference. Include shipping and any applicable tax, and request a same-day buyback quote. A lower premium on a large bar is not automatically a better choice if you may need to sell only part of the holding. Read the source timestamp before comparing two dealers. A refreshed page can still show the same cached market observation, especially outside trading hours. Use the guides for the transaction checklist and the charts for recorded context; neither a live price nor a historical pattern guarantees tomorrow’s outcome.