Understanding Gold Price Per Gram
The gold price per gram is calculated by dividing the troy ounce spot price by 31.1035 (the number of grams in a troy ounce). This is the standard conversion used by jewellers, refiners, and bullion dealers worldwide. The price shown above reflects the current 24-karat (pure gold) rate — lower karat values are calculated proportionally based on their gold content.
For example, 22K gold is 91.6% pure gold, so the 22K gram price is approximately 91.6% of the 24K price. Similarly, 18K gold (75% pure) and 14K gold (58.5% pure) are priced accordingly. These karat breakdowns are essential for anyone buying or selling gold jewellery, as retail gold products are rarely 24K due to the softness of pure gold.
Why Track Gold by the Gram?
While wholesale gold markets quote prices in troy ounces, the gram price is more practical for everyday transactions — especially for jewellery purchases, small gold bar investments, and markets in Asia, the Middle East, and Europe where gold is commonly traded by the gram. Tracking the gram price also makes it easier to compare gold costs across different karat purities.
For the full troy ounce price, see gold price per ounce. For historical trends, visit the gold price history page.