How Do I Calculate Gold Price

Total amount of gold.

How do i calculate gold price. When calculating the price for one gram of gold one must take the spot rate and divide it by 31 1034768 the troy ounce to gram conversion rate. To determine the melt value of your gold piece use the weight of your piece measured in grams the purity of your piece measured by percentage and the current price of gold per gram. It will be listed under the ticker symbol xau.

Current gold prices can be found by searching spot gold on any site that tracks commodities prices. Select your required currency. It s beneficial for you to use this calculator because it will help you understand how much your gold is really worth before you try to sell it on the market so that you can get a fair price for your gold.

You can calculate the gold price using all weights e g gram kg ounce tola tael ratti masha bhori baht etc all karats e g 24k 22k 21k 18k 16k 14k 10k etc and all currencies of the world. Gold price calculator 1. Our calculator is based on the spot gold prices and you can view all rates in the local time of united states.

In this example one would divide 1 200 00 by 31 1034768. The net result should be a price 38 58 per gram. Entry total number of gold select unit and karat.

This gold calculator allows you to plug in the attributes of your gold and get an estimated price for it based on the daily price of gold.