Gold Calculator | Get Live Gold (Gram, KG, Oz, Ozt) Prices
The fluctuating gold market makes it difficult to cope with the gold prices. But here we are introducing our Gold Calculator, a convenient, essential tool that makes it quick to estimate your gold worth in just a few clicks. Having our Gold Scrap Calculator by your side means making easy decisions, to sell jewelry, buy bullion, or simply track your investment based on current market rates.
Use this tool and make informed financial decisions about buying, selling, and refining scrap metals. Later, you will know how to use the Gold Calculator Today and how it works, including its benefits.
What is a Gold Calculator?
An essential tool designed to help you estimate the gold prices based on its purity, weight, and live gold spot price. No need to look for the gold charts, just use this tool and instantly get the accurate results.
All you need to do is choose the currency, karat, and gold rate, and the Gold Price Calculator will automatically get you the cost.
Benefits of Using a Gold Calculator
The advantages you get from using this tool are beyond expectations. Check out the key benefits that it offers to its users.
Instant Value Estimation
Instead of doing the manual calculation, get the accurate prices based on the gold market rates. Use it any time if you get to know that gold prices fluctuate.
Accurate and Updated Rates
This tool follows the accurate gold market trends and gives you an accurate estimation of gold prices based on the gold rates.
Smart Financial Decisions
Having the correct idea of rates makes it easy for you to decide the best time to buy or sell by comparing the prices and total cost.
Time and Effort Saving
No need to visit multiple stores or check the gold market chart daily. You have our calculator by your side; everything is calculated instantly online.
Transparent Pricing
With gold prices, you also get to know the making charges and taxes, so you get an exact idea of what you’re paying for.
Click the button ko Calculate
How to Use Our Gold Calculator Today
Using this tool is a straightforward process. However, we have provided a step-by-step guide to help you use it accurately if you are using it first time.
Using Select Currency
First of all, choose the currency from the drop-down menu to get the gold prices into your desired currency, such as USD, Euro, or dollar.
Select Karat
Enter the amount of gold you have, such as 8k, 14k, or 24k, in the respective input field.
Gold Rate (per gram)
No need to enter the god rate for your convenience. This tool automatically fetches the real-time gold market rates.
Enter the weight
Here, you need to enter the weight of your gold.
Unit
Select the correct unit, whether grams, tola, or ounces, etc.
Add making charges and tax.
Enter applicable making charges (%) and GST (%) to get an accurate total cost of the gold.
Calculate Price
Our Gold Price Calculator will instantly show the Gold Price, Making Charges, Tax Amount, and Net Price.
Why Choose Our Gold Calculator
This tool’s feature will speak for itself. It offers perks that no other calculator offers to its users. So let’s go through them one by one.
Completely Free
Unlike other tools, where you have to pay to know the gold price, this offer is completely in its users’ favor. You can use it anytime, anywhere, and as many times as you want for free.
Easy-to-use Interface
There is no complex data entry; you get a clear and easy-to-use interface. You can easily enter the info into hte input field and get accurate results at the end.
Secure & Private
This tool never interferes with the user’s data. Any info you add in this tool is never saved on the server, maintaining your privacy.
Instant & Accurate
Now it’s time to get rid of the manual process of getting the gold price. The Gold calculator Karat provides you with instant and accurate results based on the current gold rates.
Mobile Friendly
It is designed to work perfectly on any device, whether mobile, desktop, tablet, or MacBook. Users with any type of device can access this online for free.
Gold Price per Gram, per Pennyweight, and per Ounce
Here we have mentioned the gold prices in different weights for your help. This will make it easy for you to convert the gold weight.
Purity | Price per Gram ($/g) | Price per Pennyweight ($/dwt) | Price per Ounce ($/oz) |
|---|---|---|---|
8K | $44.62 | $69.40 | $1,387.99 |
10K | 56 | $86.77 | 1,735 |
12K | $66.94 | $104.10 | $2,082.01 |
14K | $78.09 | $121.45 | 2,429 |
18K | $100.41 | $156.15 | $3,123.01 |
22K | $122.72 | $190.85 | $3,817.03 |
24K | $133.86 | 208 | 4,164 |
Gold Markings and Purity Reference Chart to Figure Out Your Gold in Karats
You can get valuable information as it pertains to your buying power. It can also be beneficial to see the Gold charts through time to get a gauge on its value. Below, we have provided a chart that will help you find out how much gold you have in karats.
Marking | Karat (K) | Gold Content (%) | Description |
|---|---|---|---|
999 | 24K | 99.90% | Pure gold, often used in bullion or high-value jewelry. |
916 | 22K | 91.60% | Common in traditional jewelry, especially in India and Asia. |
750 | 18K | 75.00% | Widely used in fine jewelry, a good balance of purity and durability. |
585 | 14K | 58.50% | Durable and affordable, popular in the U.S. for everyday jewelry. |
417 | 10K | 41.70% | The minimum standard for gold in many countries, highly durable. |
375 | 9K | 37.50% | Common in vintage and lower-cost jewelry, especially in Europe. |
Why are Gold prices so fluid?
Gold prices are fluid because they fluctuate due to a number of causes, including current events, market speculation, and the strength of the dollar. It is important to note that the current price of Gold will change frequently, even if it is only a few cents at a time. You can get the accurate gold prices based on real gold rates using our Gold Value Calculator.
What is the spot price?
A spot price is a current price in the Precious Metals marketplace at which a given asset, such as a security, commodity, or currency, like Gold and Silver, can be bought and/or sold for immediate delivery. The spot Gold price will fluctuate consistently, which is why it is important to stay up to date using our Online Gold Calculator.
Do We Need to Care About the Gold Spot Price Today?
The Gold spot price is important because it will affect your bottom line. The better the Gold spot price, the better price you will pay as a buyer of Gold bullion coins like American Gold Eagles and Gold Buffalos, as well as South African Gold Krugerrands or Austrian Philharmonic coins.
In the other case, if you are selling Gold, you will want the highest possible Gold rate today to make the potential profit. It doesn’t matter whether you are buying Gold bars by the kilo or Gold coins by the ounce; the base price is the Gold spot price.
Worth of an ounce of Gold
Since the Gold spot price today updates every 60 seconds with the world market, the worth of an ounce of Gold can adjust every day. Moreover, depending on where you are buying Gold from, the premium of the Gold coin or bar will vary.
But you don’t need to worry about checking the chart manually, and each time the price warry. Just visit our website and use our calculator for this.
How much is 14kt gold worth?
Gold prices are based on the spot gold price of 24kt pure gold. A “spot price” is the current price for one ounce of 24kt pure gold. When I refer to ounces, I’m referring to a troy ounce, which equals about 31.103grams. A troy ounce is commonly used to gauge the mass of gold.
Now, 14kt or 14 karat gold contains 58.33% gold, and the rest of the 14kt piece is made up of other metals, such as copper or nickel, and those are added to make the pieces stronger and increase their durability.
So, how would you figure out how much 14kt gold is worth?
To calculate the price, we would need to know three things:
- Today’s spot price let’s use US$4,379.88 per troy ounce.
- Amount of grams, let’s use 1 troy ounce, which is 31.103 grams
- Percent gold in 14kt, mentioned earlier to be 58.33% or .58333
Formula:
- (Today’s spot price per ounce) / (1 troy ounce) = $4,379.88/31.1g = $140.83/g
- But that’s for 24kt gold. We take this result and multiply it by the percentage, and we get:
- Adjust for 14 K purity: US$131.80 × 0.5833 ≈ US$ 76.85/g
- $140.83 × 0.5833 = $82.14/g
Thus, the spot price of a gram of 14kt gold is $82.14/g
Things to know Before Determining the value of your gold
Before calculating the price of the gold, you need to determine the three values, no matter whether the gold is in the form of jewelry, coins, or bars. The values are discussed below
Weight:
The weight of your gold is in grams, pennyweights, ounces, troy ounces, or anything else as long as it is accurate.
Purity:
The purity means the karat, or the percentage of gold.
Spot:
The spot price for gold at a given point in time.
How can I calculate how much my scrap gold is worth?
Here, we have provided a manual process to determine how much the scrap gold is worth. Follow the steps given below.
Organize Your Gold by Karat
First of all, find out if your gold is real. For this, separate your gold by its karat weight. This will not only help you estimate its value, but it can find items that are not even gold.
Perform an acid test on any items you are unsure of
Somehow, if you are still unsure if your gold is pure or not, you can go fr another test. Now you can get two options whether go for the acid test and the Skey test.
In the first test, you will use a gold testing kit, which you can get from an online or physical supplier. Here, the important thing to keep in mind is that the kit comes in different sizes, such as 10K, 14K, 18K, and 22K bottles. These bottles normally have nitric acid. With this kit, you will get a test stone.
For the jewelry of 14K, rub it with sa tone and drop a drop of 14K acid on it. The gold will stand a chance only if it is 14K gold. In case the gold is 10K, it will turn brown due to the acid. By chance, if it disappears, it means it was not even gold.
Use the Skey test
For this test, you have to buy a Gold tester, which will be under $50 and can perform 1000 tests. This method is safe compared to acid and will accurate result.
Now write a line on the paper. If the gold is under 10k, the line will be light brown and turn green within seconds.
- If it is under 10k, the line will be light brown and turn green within seconds.
- For 10k, the line will be light brown.
- For 14k, the line will be dark brown.
- For 18k, the line will be orange.
- For 22k, the line will be yellow.
- For 24K, the line will be red.
Determine the Gram Weight of Your Gold
Determining the weight of scrap gold means determining its base value. For this, you can use a jeweler’s scale, which you can get for under $50. This way, you will get the precise result
Make sure to weigh the gold item based on its respective karat. Place the items on the scale, and after some time, take a reading. Based on the scale, the arrow will be set near the exact gram amount. After this, take your measurements.
In case the scale weighs in ounces, then you have to convert it into grams. You need to know that the conversion is 28.3495231 grams per ounce, or about 14.175 grams per half ounce.
Determine the Value of Your Gold
For this, divide the current gold price in dollars per ounce by 31.1 to get today’s gold price per gram.
Let’s take an example: if today’s price per ounce is US$1,600, then today’s price per gram is US$51.45, based on 1,600÷31.1=51.45
- To get today’s gold price in grams, divide today’s gold price in dollars per ounce by 31.1.
- Adjust for purity (14K gold) by dividing the karat by 24, 14K = 14/24 = 0.5833 = 58.33% pure.
- Then multiply that number by today’s gold price per gram, 51.45×0.5833=30.01.
- It means the Price per gram of 14K gold is equal to US $30.01.
- Now, if you have 5K gold, then 30.01×5=150.05, which means the total value of 5 grams of 14K gold = US $150.05.
How Our Gold Calculator Works
If you are curious about how this tool works, then don’t worry. Here we have provided a step-by-step guide on how it works to give accurate results.
Select currency & karat
On the display, users choose the currency, such as USD or Euro, and the gold purity, such as 24K, 22K, or 18K. Karats are used to determine the fraction of pure gold.
Fetch live gold rate
This tool is built in a way that you don’t need to pull the gold rate manually. This tool will automatically fetch the live gold rates.
Enter weight and unit
Then the user chooses the gold weight, such as 10, 15, 20, etc, and unit such as grams or ounces.
Apply purity conversion
The tool automatically applies the purity conversion by multiplying the weight by the purity fraction.
Formula: pure gold grams = weight × (karat / 24).
Compute base gold value
After it provides the base value by multiplying pure gold grams by the live rate:
Formula: gold price = pure gold grams × rate per gram.
Add making charges
Then it also calculates the making charges as a percentage of the gold price.
Formula making charges = gold price × (making charge% / 100).
Add taxes/GST
The drive the tax on the gold price and making charges using the formula: taxamount = (gold price + makingcharges) × (tax% / 100).
Total / Net price
At the end, you get hte final payable price, which the tool determines by
Net price = gold price + making charges + tax amount.
Is the U.S. Gold Price the same no matter where I live?
No matter where you are in the world, the spot Gold price now is the same at any given moment. If the price of Gold were not the same, an arbitrage opportunity would exist. This means you could simultaneously buy and sell Gold in different markets to take advantage of the Gold price or premium differentials.
This is the basis for Gold bullion such as Gold American Eagles and Gold American Buffalos, as well as collectible vintage coins that have high numismatic Gold value.
How to compare the Current Price of Gold?
The first thing to keep in mind is then whenever you compare the price of then compare troy ounces to troy ounces. Because gold is typically sold in troy ounces, which weigh one-tenth more than regular ounces. However, sometimes the gold price is seen in per gram or other Gold price measurements.
Moreover, it is possible that the current Gold price for a coin can be higher than the current prices of various coins, such as
- Gold bullion
- Austrian Philharmonic coins
- Canadian Maple Leaf coins
- American Buffalo coins
- American Eagle coins
Is it worth it to buy a gram of Gold?
Yes, of course, it’s worth it because there is a large store of value associated with the Precious Metal. A gram of gold is enough to start investing in Gold because this is the affordable price point. However, there are many other options besides the gram of Gold, which are Gold bullion. It includes APMEX-branded Gold bars and Gold bars produced by the Valcambi Mint.
FAQs
Wrapping Up
The Gold Calculator is especially designed to help you estimate the gold prices based on its purity, weight, and live gold spot price. With the help of this tool, you can make easy decisions to sell jewelry, buy bullion, or simply track your investment based on current market rates.
All you need to do is enter the required information, such as currency, karat, weight, unit, etc, and the calculator will automatically determine the results. Moreover, it has an easy-to-use interface, and you can use it as many times as you want for free.