Question 1

What is the gold price today per gram?

Accepted Answer

The live 24K gold price per gram in USD is shown at the top of this page — derived from the international spot price per troy ounce (31.1035 g) — with the same figure converted for the UK, Europe, Canada, Australia, Singapore and Malaysia in the country table. Lower karats scale proportionally: 18K is 75% of the 24K rate, 14K is 58.3%.

Question 2

What is the spot price of gold and who sets it?

Accepted Answer

The spot price is the global wholesale price for immediate delivery of unallocated gold, discovered continuously on markets like the London OTC market and COMEX futures. No single body 'sets' it — it moves with trading around the clock, Sunday evening to Friday evening US time. Every country's local rate is this one global price converted at the current exchange rate.

Question 3

Why is the gold price the same everywhere but shop prices differ?

Accepted Answer

The metal is one global market — a gram of pure gold costs the same in New York, London or Kuala Lumpur once converted. What differs by country is everything on top: dealer premiums on bullion (typically 2–8%), jewellery making charges, and tax treatment (US state sales taxes, UK VAT rules, Singapore's GST exemption on investment gold).

Question 4

What is a troy ounce and how is it different from a normal ounce?

Accepted Answer

Precious metals trade in troy ounces of 31.1035 grams — about 10% heavier than the standard (avoirdupois) ounce of 28.35 g. When you see 'gold price per ounce', it always means the troy ounce. One kilogram is 32.15 troy ounces.

Question 5

What is 9ct gold and why is it so common in the UK?

Accepted Answer

9 carat (375) is 37.5% pure gold — the UK's most-sold jewellery standard because it's durable and affordable while still legally 'gold' under British hallmarking law. Its metal value is 37.5% of the pure rate on this page. The UK also exempts investment gold from VAT, and British legal-tender coins (Sovereigns, Britannias) are capital-gains-tax-free.

Question 6

How much is an ounce of 9 carat gold worth?

Accepted Answer

A troy ounce of 9 carat gold is worth 37.5% of the 24K spot price, because 9 carat (9ct, hallmarked 375) is 37.5% pure gold. So if pure gold trades at $2,400 per troy ounce, one ounce of 9 carat gold holds about $900 of metal value. Two cautions: a troy ounce is 31.1035 g (about 10% heavier than a kitchen ounce), and scrap buyers pay a margin below this metal value, while retail jewellery sells above it because of making charges and design.

Question 7

Is 14K or 18K gold better value in the US?

Accepted Answer

14K (58.3% pure) is the US retail default — harder-wearing and cheaper per gram; 18K (75%) carries more gold value and a richer colour. Per gram of metal value, you're simply paying the purity fraction of the 24K rate shown above; the rest of a retail price is brand, design and margin.

Question 8

How do I calculate the value of scrap gold?

Accepted Answer

Weight in grams × purity fraction × today's per-gram rate. A 10 g 18K chain is 10 × 0.75 × the 24K gram rate — use the calculator above with your currency and karat. Scrap buyers typically pay 70–90% of that melt value, so quotes below 70% are worth walking away from.

Question 9

What moves the gold price?

Accepted Answer

Real interest rates (gold pays no yield, so it competes with bonds), the US dollar's strength, central-bank buying, inflation expectations and geopolitical risk. Because gold is priced in USD, a weaker dollar usually lifts the gold price in dollars while local prices also depend on each currency's own exchange rate.

Question 10

What is the silver price today?

Accepted Answer

The live silver spot price per troy ounce and per gram is shown alongside gold above and converts to each currency the same way. The gold-to-silver ratio — how many ounces of silver equal one ounce of gold — is a metric traders watch for relative value.

Question 11

How do jewellery businesses use these live prices?

Accepted Answer

Jewellers reprice inventory, quote scrap buy-backs and value stock against the live rate daily. ZSolTech jewellery ERP automates that: the live rate flows into POS billing, tag pricing, old-gold exchange and stock valuation karat-wise across every branch — used by jewellers in 10+ countries including the US, UK, Canada, Australia and Singapore. Book a demo from the contact page.

Country	24K / gram	Local karats / gram	Troy ounce
🇺🇸 United States14K and 18K dominate US retail jewelry; bullion trades per troy ounce	$130.05	18K $97.6414K $75.94	$4,045
🇬🇧 United Kingdom9ct (375) is the UK's most-sold standard; investment gold is VAT-free	£96.84	18K £72.7014K £56.55	£3,012
🇪🇺 Europe (France · Germany)18K (750) leads French and German fine jewellery	€112.98	18K €84.8214K €65.97	€3,514
🇨🇦 CanadaHome of the Maple Leaf coin; 14K–18K retail standard	C$182.31	18K C$136.8714K C$106.45	C$5,671
🇦🇺 AustraliaPerth Mint bullion; 9ct and 18ct jewellery standards	A$185.59	18K A$139.3314K A$108.37	A$5,772
🇸🇬 SingaporeInvestment-grade gold is GST-exempt; 22K and 24K popular	S$166.89	24K S$166.8922K S$153.13	S$5,191
🇲🇾 Malaysia916 (22K) dominates; harga emas quoted per gram	RM530.97	24K RM530.9722K RM487.21	RM16,515

Gold Price Today — Live in Your Currency

Gold price per gram by country

Gold calculator — any currency

This same live rate engine runs inside ZSolTech ERP

What each karat is worth today (USD per gram)

Gold price questions, answered

More live rates & tools for the trade