Current Market Prices
Weight & Value Calculator
Convert Weight & Calculate Value
Enter the weight of your precious metal to convert between units and calculate current market value
Calculator functionality coming soon!
Select a metal, enter the weight, and click calculate to see the real-time value and conversions across different weight units.
About Precious Metals
Understanding Gold Pricing
Gold prices are quoted in troy ounces, which differ from standard ounces. One troy ounce equals approximately 31.1 grams.
Key factors affecting gold prices:
- Global economic conditions and inflation rates
- Currency fluctuations, especially the US dollar
- Central bank policies and gold reserves
- Supply and demand from jewelry and industrial sectors
- Geopolitical events and market uncertainty
Weight Conversion Guide
Precious metals are measured using various units across different regions:
- Troy Ounce: Standard unit for precious metals (31.1035 g)
- Gram: Metric system base unit, widely used globally
- Tola: Traditional South Asian unit (11.66 g)
- Tael: East Asian unit, varies by region (37.5-38 g)
- Kilogram: Used for large quantities (1000 g)
Purity Standards
Precious metal purity is measured using two main systems:
- Karat (K): Used for gold, with 24K being pure gold (99.9%)
- Fineness: Parts per thousand (e.g., 999 = 99.9% pure)
- 18K Gold: 75% pure gold, 25% other metals
- Sterling Silver: 92.5% silver, 7.5% other metals
- Investment Grade: Typically 99.5% or higher purity
Market Hours & Trading
Precious metals trade 24 hours a day across global markets:
- Asian Session: Sydney, Tokyo, Hong Kong
- European Session: London (largest gold market)
- US Session: New York (COMEX exchange)
- Most Active: London-New York overlap (8am-12pm EST)
- Price Discovery: London AM/PM gold fixes set benchmarks