Today’s 999 24K Gold Price per Gram & Ounce
999 24k gold, also known as pure or fine gold, is often considered the “king” of all gold alloys. It is highly sought after and has the highest purity among all gold compositions, making it extremely valuable. As of today, the current price for 24k 999 gold is $86.61 per gram or $2693.48 per ounce. If you plan to sell pure gold, today’s buy back price is $82.28 per gram or $2558.81 per ounce.
Most items made of 24k gold are coins and medals, often consisting of bullion coins produced by reputable mints such as the US Mint or Canadian Royal Mint. There is typically a price or value difference between bullion coins, rounds, and medals, which can sometimes be significant (up to 5%). In addition, you may come across 24k 999 fine gold jewelry.
Typically, this type of jewelry originates in countries like India, Thailand, China, or Saudi Arabia. Be very careful when buying this type of jewelry as there are many fakes on the market. This article was written to educate you and raise awareness about pricing and other interesting facts.
Price Table for 24k 999 Gold
A reputable and highly trusted gold buyer, such as reDollar, may not be able to easily answer your question on pricing as it is a delicate topic. As you may already know, prices can vary for products made of 24k 999 gold. To give you a better understanding, we have provided a table below with a breakdown of prices for different categories, including gold bullion, gold rounds, gold medals, jewelry, and scrap gold. Other reputable buyers would also take this approach to pricing.
| Price per Gram | Price per Ounce | |
| 24k 999 gold spot price | $86.61 | $2693.48 |
| 24k 999 gold bullion | $82.28 | $2558.81 |
| 24k 999 gold rounds | $80.54 | $2504.94 |
| 24k 999 gold medals | $77.95 | $2424.14 |
| 24k 999 gold jewelry | $77.95 | $77.95 |
| 24k 999 scrap gold | $77.08 | $2397.20 |
What’s the difference between grams and ounces?
When discussing the price of 24k gold, it is helpful to use a standard unit of mass for better understanding. Most consumers in the US are familiar with ounces, pennyweights, and grams, but it’s important to note that an ounce may not always be the ounce you expect. In the US, an avoirdupois ounce is equivalent to 28.34 grams and is commonly used to measure items such as sugar, flour, and water. However, if a numismatist or coin collector mentions an ounce in reference to 24k gold, they are likely referring to a troy ounce, which weighs 31.10 grams.
A troy ounce = 31.1034 grams, while an avoirdupois ounce = 28.3495 grams
24k 999 Gold Bullion Price per Troy Ounce
Gold bullion, coins, and medals are typically priced per troy ounce, as this is the industry standard for specifying weight. Some of the most popular and widely circulated bullion coins in the US include the American Gold Eagle, the Canadian Maple Leaf, the South African Krugerrand, the Vienna Philharmonic, and the Australian Nugget. If you own one of these coins, today’s gold price for a one ounce size would be $2558.81. Consider that not only are most bullion coins available in a 1/10 ounce size, but also in quarter ounce and half ounce sizes. Today’s price will be determined by the weight of your specific coin.
24k 999 Gold Jewelry Price per Gram
Jewelry made of 24k 999 gold is extremely exciting, as it is a rare commodity with fascinating characteristics. 24k 999 gold, also known as pure or fine gold, is extremely malleable, and even a small amount of force can deform it. It is even soft enough to leave a mark when bitten. Crafting fine gold jewelry is a true art form, requiring extensive experience. This type of jewelry is not as mainstream in the US, as it is primarily used for investment purposes rather than everyday wear.
24k 999 Fine Gold Coins
999 Fine Gold Bullion Coins
999 24k gold fine gold coins are priced based on weight, condition, demand, and the current gold market price. Most bullion coins are currently trading for 95% of the current gold price, which is $2558.81 per ounce. Any damages to the coins may result in minor deductions from their value.
Coins from all over the world
Most investment-grade coins are made of 999 fine gold, as this is the most widely accepted international standard for bullion coins. The face value is usually of no importance when it comes to pricing, as the gold value far surpasses the face value.
24k 999 Fine Gold Jewelry
999 Fine Gold Necklaces
It is common for fancy-looking 999 fine gold necklaces to be crafted in a way to deceive buyers when it comes to the mounted stones. In reality, many of these stones have minimal or no actual value and are only used to impress onlookers.
999 Fine Gold Pendants
Fine gold pendants are a common sight in Asia. In addition to being fashion accessories, pendants are also seen as a form of investment. It is not uncommon to come across pendants that are designed to match the standard weights of gold bars.
Price Your 24k 999 Gold at Home
It’s not very sophisticated to price your fine gold items from home. You don’t need a lot of experience, in fact all you need is a loupe, sometimes a scale, and this website. Most coins provide clear information about purity and weight, making the math very easy. Simply multiply the weight by the purity and the current spot price to determine the value of your gold.
Today’s Gold Price x Weight of Your Item = Current Value
Standard Coin Weights: 1/20 ounce, 1/10 ounce, 1/4 ounce, 1/2 ounce, 1 full ounce.
Standard Bar Weights: 1 gram, 2 grams, 2.5 grams, 5 grams, 10 grams, 20 grams, 1 ounce, 50 grams, 100 grams, 250 grams, 500 grams, 1 kilo.
Make sure it’s 24k 999 gold
Many bullion coins are marked with a purity of 999, also known as 24 karat. Using a magnifying glass can assist in identifying the exact purity of your coin. It should be noted that most coins are marked with a purity of 999 instead of 24k.
Check the weight
Most bullion coins will list their weight on them. However, some smaller coins may not have this information easily visible and may require the use of a magnifying glass or good eyesight to find it.
Calculate price
It’s very easy to calculate the current value once you know your item’s purity and weight. Use our online calculator to finish your appraisal.
