24K Gold Calculator

Calculate the precise value of 24K gold (99.9% pure) based on current market prices. Whether you're evaluating investment bullion, gold bars, pure gold jewelry, or 24 karat coins, our calculator provides accurate real-time valuations for the highest purity gold available.

24K Gold Value Calculator

Enter your 24 karat gold's weight to calculate its current market value. Pre-set to 99.9% purity (999 fineness) - the standard for investment-grade gold bullion.

Select purity
Enter weight
Estimated melt value
$0.00
Weight conversions
Important: This reflects the melt value at today's price. Cash offers from jewelers or pawn shops are commonly lower (often 10–30% or more) due to refining and business costs. Actual amounts vary.

Understanding 24K Gold

Everything you need to know about 24 karat gold - the purest form of gold available for investment and jewelry.

What Makes 24K Gold Special

24K gold represents the highest purity level in commercial gold, offering unique properties:

  • 99.9% Pure Gold (999 Fineness): Maximum gold content with minimal trace elements
  • Investment Grade Standard: The benchmark for gold bullion, bars, and institutional holdings
  • Rich Yellow Color: Distinctive warm, deep golden hue that's unmistakable
  • Hypoallergenic: No nickel or allergenic alloy metals, safe for sensitive skin
  • Global Recognition: Universally accepted and easily liquidated worldwide
  • Cultural Value: Preferred in Asian markets (India, China, Middle East) for weddings and ceremonies

24K Gold vs Other Purities

How 24K gold compares to other common gold purities:

  • 24K (999): 99.9% pure - Soft, maximum value, investment grade
  • 22K (916): 91.6% pure - More durable, common in Indian/Middle Eastern jewelry
  • 18K (750): 75.0% pure - Strong enough for fine jewelry, European standard
  • 14K (585): 58.5% pure - Popular in US, very durable for daily wear
  • 10K (417): 41.7% pure - Most durable, minimum legal "gold" in USA

Value Comparison: At $2,400/oz spot price, one gram of each purity is worth approximately: 24K=$77, 22K=$71, 18K=$58, 14K=$45, 10K=$32

Common 24K Gold Products

Where you'll typically encounter 24 karat gold:

  • Gold Bars/Ingots: Investment bullion from 1 gram to 400oz (London Good Delivery standard)
  • Gold Coins: Chinese Gold Pandas, Canadian Maple Leafs (.9999), Austrian Philharmonics
  • Gold Jewelry: Traditional Asian jewelry, pendants, earrings (less common for rings)
  • Gold Leaf: Ultra-thin sheets for decoration, art restoration, culinary use
  • Electronics Scrap: High-end connector pins, bonding wire in microchips (recovered through refining)
  • Dental Applications: Some specialized dental alloys approach 24K purity

Buying & Selling 24K Gold

Important considerations when transacting in 24K gold:

  • Verify Authenticity: Always test with XRF analyzer or acid test before buying
  • Check Premiums: Expect 2-5% over spot for bars, 5-15% for coins from dealers
  • Selling Payouts: Reputable dealers pay 90-98% of spot; avoid "cash for gold" stores (60-75%)
  • Tax Implications: In the US, gold bullion sales may require IRS Form 1099-B reporting
  • Storage Considerations: 24K scratches easily; use protective cases, avoid contact with other metals
  • Insurance: Homeowner's insurance may not cover bullion; consider specialized vault storage

Current 24K Gold Prices by Weight

Live spot prices for 24K gold (.999 fine) across different weight units. These prices represent the LBMA Good Delivery standard (.995+ fineness) - the global benchmark for gold bullion. No purity adjustment is applied because spot price already represents pure gold.

Per Gram
$0.00
Standard metric unit
Per Troy Ounce
$0.00
31.1035 grams
Per Kilogram
$0.00
1,000 grams
Per Tola
$0.00
11.66 grams (South Asian)

Frequently Asked Questions About Gold

Find answers to common questions about gold pricing, purity, and valuation.

How is gold purity measured?

Gold purity is measured using two systems: karats (K) and fineness.

  • Karats: Based on 24 parts total. 24K gold is pure (100%), while 18K gold is 18/24 = 75% pure
  • Fineness: Parts per thousand. 999 fineness = 99.9% pure gold

Common stamps you'll find on gold jewelry include "14K", "585" (14K fineness), "18K", "750" (18K fineness), etc.

What should I do before selling my gold?

Follow these steps to maximize your return when selling gold:

  • Verify purity: Look for karat stamps (10K, 14K, 18K, 24K) and test if unsure
  • Weigh accurately: Use a precise scale (0.01g accuracy recommended)
  • Calculate melt value: Use our calculator to know the baseline value
  • Get multiple quotes: Contact 3-5 buyers to compare offers
  • Separate by purity: Don't mix different karats together
  • Know the market: Check current spot price before negotiating

Reputable dealers typically offer 75-95% of melt value for scrap gold.