Gold Calculator 24 Karat

How Much Is 24K Gold Worth?

When people talk about how much 24K gold is worth, they are referring to its value as pure gold, which is 99.9% with no added alloys. The ticker above is live-updating and pulls the world market value of 24K gold per ounce and gram. This “spot price” changes minute by minute based on global trading activity.

Gold buyers and sellers refer to this spot price to base their offer and sale prices. However, what a seller receives for their 24K gold can vary. Buyers often pay slightly below market value to account for expenses such as verification and general business costs. Unlike lower karat gold, though, buyers typically pay a higher percentage for 24K gold as it is already refined to the purest karat available. Reputable gold buyers will base their offers directly on the live market rate. 

How Much Does 24 Karat Gold Sell For?

How much 24 karat gold sells for depends on both the live market rate and a seller’s choice of buyer. Understanding gold’s spot price enables a seller to be knowledgeable about what they have and how much they are willing to accept as a purchase price.

It is not common for any gold buyer to buy gold at its full spot price. This lower payout is because businesses need to generate a profit and account for all overhead and business expenses. Pawn shops, for example, typically pay around 40% of the spot price, while jewelers, bullion buyers, and online shops may pay higher rates. 

Since 24K gold is already in its purest form and doesn’t require refining, most buyers will pay a higher percentage than that of lower karat jewelry or scrap gold. To see exactly how much a piece of 24K gold is worth right now, use the calculator above. The calculator enables sellers to view the current market value, as well as the potential payout at a pawn shop and The Alloy Market.

For buyers looking to maximize their value, consider selling peer-to-peer, as private buyers may be willing to pay closer to spot price for investment-grade gold. However, this method comes with trade-offs in terms of safety and convenience, which are explored further below. 

How Much Is 1 Oz of 24 Karat Gold Worth?

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Gold’s value is measured in troy ounces, which weigh slightly more than the standard ounce used for everyday items. One troy ounce equals 31.1035 grams.

The figure above represents the spot price, or the pure market value before any deductions or premiums are applied. When selling gold, it’s essential to understand that most buyers will not offer the full market value since they must account for operational costs and profit margins.

Bullion coins, investment-grade bars, and sealed assay cards often sell for the highest price because they are easily verifiable and already refined to the highest purity. For the most accurate estimate of a specific piece, use the calculator above to see its live value based on the current spot price.

How Much Is One 24K Gold Bar Worth?

The value of a 24K gold bar depends entirely on its weight and the current spot price for gold. The table below updates every minute with the latest market value of some standard bar sizes, providing an accurate view of the current value of pure gold. 

Gold bars, or bullion, are sold and traded by weight and are typically measured in troy ounces or grade. Standard investment-grade bars, such as those produced by PAMP Suisse, Valcambi, or the Royal Canadian Mint, carry values close to the spot price. Some retail sellers may include a small premium to cover the costs of minting, packaging, and authentication. Limited-edition or collectible bars featuring unique designs may carry slightly higher premiums. 

When it comes time to sell, however, the payout may fall slightly below the live price, depending on the buyer. Reputable gold buyers tend to pay a higher premium for gold bullion for recognized bars, while pawn shops may offer considerably less.

How Much Is 24K Gold per Gram?

Because gold’s value relies on its spot price, it’s crucial to research that market value to understand the 24K gold price per gram.

24K gold is 99.9% pure gold with no added alloys. Its purity makes its per-gram value higher than that of lower karats such as 14K or 10K, which include other metals for strength and color. The ticker above displays the live-updating price of 24K gold per gram and per troy ounce, reflecting its current market value.

To understand how that price per gram affects the price of a piece of 24K gold, use our calculator above. 

How Do You Calculate 24 Karat Gold Price?

Three factors determine the price of gold: purity, weight, and the current spot price of gold. Since the spot price already indicates the price of pure 24K gold, one only needs to know the weight to calculate the value of 24K gold.

To estimate the value of a 24K gold item, multiply the current spot price per gram by its weight in grams. Unlike other karats, there is no need to adjust for fineness because no other alloys are present in 24K gold.

For example, if the live price of gold is $120 per gram, a 10-gram piece of 24K gold would be $1,200. Depending on the buyer, they will pay a percentage of the market value, ranging from 40% at a pawn shop to up to 95% of the spot price at a bullion dealer.

The calculator above performs this calculation automatically using the most up-to-date market data. The output displays the current spot price for a piece as well as the expected payout at a pawn shop and Alloy’s minimum guaranteed offer. 

Where Can I Sell 24 Karat Gold?

Many different gold buyers will buy 24K gold, including pawn shops, local jewelers, online gold buyers, and private collectors. The best selling option depends on how quickly someone needs payment and how close to market value they want to sell. Always verify a buyer’s reputation before selling gold.

Pawn Shop
Pawn shops are popular for a fast turnaround, but typically pay the lowest percentage of the spot price, generally around 40%. Jewelers and coin shops usually offer higher payouts for investment-grade bullion, coins, or collectible pieces with numismatic value. 

The Alloy Market
Online gold buyers, such as The Alloy Market, specialize in transparency by publishing live gold prices and payout comparisons directly on their website. Sellers can easily see how Alloy’s offers compare to the market rate before shipping their items in. Alloy also offers a best price guarantee if a seller receives an offer elsewhere. 

Peer-to-Peer
To sell at or near the spot price, sellers may consider peer-to-peer sales or bullion marketplaces. While these options can yield higher sale prices, they require additional effort, including authentication, shipping insurance, and buyer screening. A seller should choose a buyer who provides what they prioritize in a sale: speed, convenience, or value.

Before finalizing any sale, research the buyer’s reputation. Read verified reviews, check online ratings, and ask for personal recommendations. If a company has no track record, it’s safest to walk away.

Sell Your 24K Gold With the Alloy Market

When selling 24K gold, finding a buyer who values transparency and customer service above all else makes all the difference. Alloy provides live market-based pricing tools so you always know exactly what your gold is worth.

Our offers are based on live, real-time market data that we display publicly. Sellers can compare our guaranteed minimum offer without needing to ship it.

Every transaction begins with requesting a free Alloy Kit that allows you to safely ship your gold, coins, or bars for professional evaluation. We cover shipping, insurance, and tracking during transit. When your items arrive, our team verifies the purity and weight of your items and provides you with a guaranteed offer.

If you accept, we will issue the payment immediately. If you choose not to accept, we will ship your items back to you at no cost. All of our offers are no-obligation, and our process relies on transparency and respect for the seller.

Know what your gold is truly worth and get paid accordingly.