Live 24k Gold Price Per Gram

The Formula: (Live Spot Price per Gram) × ([Purity Percentage]%) = Your 24k Price per Gram

Scrap Gold Calculator


Try Our 24k Gold Price Calculator Below

Choose the 24k Karat, enter the weight and see the live value.


So, How Much Will a Pawn Shop Actually Pay for My 24k Gold?

This is the real question, isn’t it? You’ve used our calculator, you see the official market price, but you know the number on your screen isn’t the same as the cash you’ll be offered. Let’s break it down honestly.

Walking into a pawn shop can be intimidating if you aren’t prepared. The key is to understand their business so you can know what a fair offer looks like. A pawn shop isn’t just buying your gold; they are running a business with rent, employee salaries, insurance, and the costs of melting and refining the gold they buy. They also take on risk, as the price of gold could drop tomorrow.

Because of this, you should expect an offer that is a percentage of the full melt value shown on our calculator.

The “Fair Offer” Formula

Think of our calculator’s price as your secret weapon. It shows you the 100% full market value. A pawn shop’s offer will typically be in this range:

  • Average Offer: 60% – 75% of the full melt value.
  • A “Good” Offer: 75% – 80% of the full melt value.

Offers below 60% are low, and it might be a good idea to visit another shop to compare.

Let’s Do the Math with a Real-World Example:

Imagine you have a 24k gold ring that weighs 5 grams.

  1. Find the Full Value: You use our calculator, and it shows the live 24k gold price is $30.00 per gram.
    • 5 grams x $30.00/gram = $150.00 (This is the full melt value).
  2. Calculate a Fair Offer Range: Now, you can figure out what to expect.
    • 60% Offer: $150.00 x 0.60 = $90.00
    • 80% Offer: $150.00 x 0.80 = $120.00

Armed with this knowledge, you can walk in confidently. If the pawn shop offers you $110, you know you’re getting a very fair deal. If they offer you $70, you know there is likely room to negotiate or it might be wise to try a different buyer.

The goal isn’t to get 100% of the market value from a local buyer—that’s simply not how the business works. The goal is to walk in with knowledge, understand the numbers, and leave feeling confident that you were paid fairly for what you have.

From Data to Dollars: Understanding the Price

The price you see above is the real-time “melt value” for 24k gold on the international commodities market. It’s the price for the raw, refined metal.

If you are looking to sell scrap gold (jewelry, coins, etc.), this number is your most important benchmark. However, a buyer’s cash offer will be slightly lower (typically 70-90% of this value) to account for their refining and business costs.

Have 24k gold items to sell? Use our Scrap Gold Calculator for a precise estimate based on your item’s weight.

Your 24k Gold Questions, Answered

You’ve got 24k gold, and you want to know what it’s worth. You’re in the right place. Let’s clear up the common questions so you can understand its true value.

Knowledge is power. Follow these three steps:

In the world of gold, “karat” (k) is a measure of purity out of 24 parts. So, 24k gold is as pure as it gets! It’s 24 out of 24 parts gold, meaning it’s 99.9% pure gold with virtually no other metals mixed in. It has a distinct, rich, and deep yellow color that is unmistakable.


It’s as simple as we could make it! All you need to do is find the weight of your 24k gold item in grams and type that number into the box. The calculator will instantly multiply that weight by the current market price for one gram of pure gold and show you its total raw value.


Great question! The price we use is based on the world’s real time gold market price, often called the “spot price.” We pull this data from major financial data providers and update it daily. So, while it’s not ticking up and down every single second, you can be confident you’re seeing a very fresh and accurate price.


Think of the price our calculator shows as the “textbook value” of the gold itself, before any business costs. When you sell to a jeweler, pawnshop, or gold buyer, they will offer you a price that is slightly lower than this value. It’s not a trick; they have business expenses like testing, refining, rent, and salaries, and they need to make a small profit to stay in business. Our calculator gives you the baseline value so you know you’re getting a fair deal.

This is directly related to the point above. The jeweler’s offer is their “buy price.” It’s the spot price minus their operational costs and profit margin. A typical offer might be anywhere from 70% to 95% of the spot value, depending on the buyer, the amount of gold you have, and market conditions. Always feel free to get quotes from a few different reputable dealers to find the best offer.

It’s all about the mix! To make gold stronger and more durable for jewelry, it’s often mixed with other metals like copper, silver, or nickel. This mixture is called an alloy.

  • 18k gold is 18 parts gold and 6 parts other metals (75% pure gold).
  • 14k gold is 14 parts gold and 10 parts other metals (58.3% pure gold).
    The lower the karat number, the less pure gold it contains.

You’ll hear this term a lot. The “spot price” is the current market price for one troy ounce of pure gold that is ready for delivery “on the spot.” It’s the benchmark price used by financial markets and dealers around the world. Our calculator converts this troy ounce price into a per gram price for your convenience.

That’s an easy one! There are approximately 28.35 grams in a regular ounce (the kind you use for food). However, it’s important to know that precious metals are officially weighed in “troy ounces.” One troy ounce is heavier, equal to exactly 31.103 grams. If your gold bar or coin is stamped with “1 oz,” it means one troy ounce. For jewelry, it’s safer to use a gram scale.

The price of gold is in constant motion, just like the stock market. It’s a global commodity, and its price is influenced by a huge number of factors, including supply and demand, the strength of currencies (like the US dollar), inflation rates, central bank buying, geopolitical stability, and overall market uncertainty. When people feel nervous about the economy, they often buy gold as a “safe haven,” which can drive the price up.

While its purity and color are beautiful, 24k gold is very soft. Because it isn’t mixed with harder metals, it can easily bend, scratch, and dent. That’s why it’s most often used for investment grade gold bars and coins, or for special occasion jewelry in some cultures. For an engagement ring or a bracelet you plan to wear daily, 18k or 14k gold is a much more durable and practical choice.

Absolutely, 100%! We believe everyone should have access to clear and honest information about gold. There are no hidden fees, no sign ups, and no strings attached. Use the Gold Calculator as often as you like