Whether you're buying a gift, saving in gold, or selling old jewellery, the number that matters is the price per gram for your karat. Here's how that price is built — and how to check it in seconds.
From spot price to price per gram
Gold is quoted globally in US dollars per troy ounce (31.1035 grams). Divide the spot price by 31.1035 and you get the price of one gram of pure 24K gold. Convert that into your local currency and you have the local per-gram rate that shops base their prices on.
What the karat number means
Karat is purity. 24K is 99.9% pure, 22K is 91.6%, 21K is 87.5%, and 18K is 75%. Lower-karat gold costs proportionally less per gram, so 21K is 87.5% of the 24K price. In Egypt and the Gulf, 21K is the most common jewellery standard.
Don't forget the making charge
Shops add a making (workmanship) charge on top of the metal value, and buy-back prices are usually a little below the live rate. Knowing the pure metal value first tells you exactly how much of the price is craftsmanship — and whether a quote is fair.
How to check the fair value fast
Pick your currency, choose the karat, and enter the grams. A live calculator instantly shows the metal value so you can compare it against any shop quote before you commit.
Check the live Gold Price Today.