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Gold

24K Gold Price Today

As of August 8, 2026, the 24K gold price is $4,338.01 per troy ounce, down 0.01% over the past 24 hours. 24K gold is 99.9% pure, so this melt value is the live 24K spot price multiplied by 0.999, which works out to $139.47 per gram.

Live price of 24 karat pure gold per gram and per troy ounce. 24K is the baseline from which all other karat prices are derived, updated with real-time spot data.

$4,338.01
-$0.28
-0.01%
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24h Change

-0.01%

24h Range

$4,337.26 to $4,338.57

Bid / Ask

$4,338.01

All-Time High

$5,583.79(Jan 28, 2026)

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24K Gold Melt Value Calculator

Calculate scrap gold and silver jewelry values using live spot prices

Input

Troy ounce (oz t) = 31.1035g

Karat = gold purity (24K = 99.9%)

Melt Value

Total Melt Value

$0.00

1 Grams of 24K gold

Weight

0.0322

troy oz

Purity

24.0K

100.0%

Pure Metal

0.0322

troy oz

Spot Price

$0.00

per oz t

Gold Karat Melt Values: 10K to 24K
1 g

Data Methodology

Where does this price data come from?
Gold spot prices are aggregated from trusted market data sources tracking the primary global exchanges, with automatic fallback for redundancy. Prices are updated in real-time during market hours, ensuring you always see the latest data. All prices reflect the latest available mid-market spot rate.
How is the gold spot price determined?
The gold spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
How is the 24K gold price calculated?
Pure gold is designated as 24 karat (24K), meaning 99.9% gold content. 24K gold contains 99.9% pure gold, with the remaining 0.1% consisting of alloy metals for durability. The 24K price is calculated as: 24K price = 24K spot price x 0.999 (99.9% purity). Note that retail jewelry prices will be higher than this melt value due to craftsmanship, design, and dealer margins.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week. Our data reflects these continuous market movements.

Understanding 24K Gold

24 karat gold is the purest form of gold commercially available, consisting of 99.9% fine gold with a 999 fineness hallmark. Some refiners produce four-nines fine gold at .9999 purity. Because of its extreme softness, 24K gold is the standard for investment-grade bullion rather than everyday jewelry.

The 24K gold price is the baseline from which all other karat prices are derived. International gold spot prices quoted on exchanges like COMEX and the London Bullion Market Association (LBMA) reference pure 24K gold. To find the price per gram, divide the spot price per troy ounce by 31.1035. This figure represents the raw material value of one gram of pure gold at any given moment.

Central banks and sovereign wealth funds worldwide hold 24K gold as part of their foreign reserve assets. The United States, Germany, Italy, France, and China maintain thousands of tonnes of gold reserves in the form of 24K bars, typically cast as 400-troy-ounce Good Delivery bars that meet LBMA specifications.

Individual investors access 24K gold through multiple forms. Gold bullion bars range from 1 gram to 1 kilogram and are produced by accredited refiners such as PAMP Suisse, Valcambi, and the Royal Canadian Mint. Popular 24K gold coins include the Canadian Maple Leaf (.9999 fine), the American Buffalo (.9999 fine), and the Austrian Philharmonic (.9999 fine).

While 24K gold is too soft for Western-style jewelry, it is used for traditional jewelry in parts of Asia and the Middle East, where the deep yellow luster and maximum purity are culturally valued above durability. Gold leaf and gold foil, also 24K, are used in art, architecture, and specialty food decoration.

To see how the underlying 24K gold spot price has moved since the end of Bretton Woods, see our gold price history from 1970 to 2026: 56 years of annual averages with inflation-adjusted highs and decade-by-decade analysis.

Purity
99.9% pure gold (999 or 9999 fineness)
Karat Meaning
24 out of 24 parts are gold
Common Forms
Bullion bars, investment coins, gold leaf
Hallmark
Stamped .999 or .9999 by refiners

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

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Frequently Asked Questions

What is 24K gold?
24K gold is the purest form of gold commercially available, containing 99.9% fine gold. The karat system divides gold into 24 parts, so 24K means all 24 parts are pure gold. It is stamped with a fineness mark of .999 or .9999 and is the standard for investment bullion bars and coins.
Is 24K gold the same as pure gold?
Yes. 24K gold is considered pure gold. No gold is 100% pure due to trace impurities from the refining process, but 24K gold at .999 fineness contains 999 parts per thousand of gold. Four-nines fine (.9999) gold is even purer at 9,999 parts per ten thousand. Both qualify as 24 karat.
Why is 24K gold not used for jewelry?
24K gold is too soft for most jewelry. Pure gold scratches, dents, and bends easily with daily wear. Jewelers alloy gold with harder metals like copper, silver, and palladium to create more durable karats such as 18K or 14K. 24K gold is still used in some traditional Indian and Chinese jewelry where purity is valued over durability.
How to calculate 24K gold price per gram?
Divide the current gold spot price per troy ounce by 31.1035 to get the price per gram. Since 24K gold is pure, no purity multiplier is needed. If gold spot is $4,000 per ounce, the 24K price per gram is approximately $128.60 ($4,000 / 31.1035).
Is 24K gold a better investment than 22K or 18K?
For bullion investing, yes. 24K bars and coins track the spot price most directly, carry the most transparent pricing, and are easiest to resell internationally. Lower karats make sense only for jewelry you intend to wear; as pure investment, you pay making charges on alloyed jewelry that you never recover when selling.
Which coins are 24K gold?
Popular .9999 fine (24K) coins include the Canadian Gold Maple Leaf, American Gold Buffalo, Austrian Philharmonic, Australian Kangaroo, and British Britannia (since 2013). The American Gold Eagle and South African Krugerrand are 22K instead, though each still contains a full troy ounce of pure gold.
How can I tell if gold is really 24K?
Check for a .999 or .9999 fineness stamp, then verify: reputable products come in sealed assay cards or with refiner certificates. Dealers test with electronic conductivity meters, XRF analyzers, or specific-gravity checks. For large purchases, buy only LBMA-accredited refiner products from established dealers.
Does 24K gold tarnish?
No. Pure gold is chemically inert and does not tarnish, rust, or corrode under normal conditions. That permanence is part of why it has served as a store of value for millennia. Lower karats can dull slightly over time because their copper and silver alloy content reacts with air and skin.