24K Gold Price Today
Track the live price of 24 karat pure gold per gram and per troy ounce. Real-time spot data with melt value calculations updated throughout the trading day.
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Understanding 24K Gold
24 karat gold is the purest form of gold commercially available, consisting of 99.9% fine gold. Because of its extreme softness, 24K is the standard for investment-grade bullion rather than jewelry.
- Purity – 99.9% pure gold (999 or 9999 fineness)
- Karat Meaning – 24 out of 24 parts are gold
- Common Forms – Bullion bars, investment coins, gold leaf
- Hallmark – Stamped .999 or .9999 by refiners
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Frequently Asked Questions
What is 24K gold?
24K gold is the purest form of gold commercially available, containing 99.9% fine gold. The karat system divides gold into 24 parts, so 24K means all 24 parts are pure gold. It is stamped with a fineness mark of .999 or .9999 and is the standard for investment bullion bars and coins.
Is 24K gold the same as pure gold?
Yes, 24K gold is considered pure gold. While no gold is 100% pure due to trace impurities from the refining process, 24K gold at .999 fineness contains 999 parts per thousand of gold. Four-nines fine (.9999) gold is even purer at 9,999 parts per ten thousand, but both qualify as 24 karat.
Why is 24K gold not used for jewelry?
24K gold is too soft for most jewelry applications. Pure gold scratches, dents, and bends easily with daily wear. Jewelers alloy gold with harder metals like copper, silver, and palladium to create more durable karats such as 18K or 14K. However, 24K gold is used in some traditional Indian and Chinese jewelry where purity is valued over durability.
How to calculate 24K gold price per gram?
Divide the current gold spot price per troy ounce by 31.1035 to get the price per gram. Since 24K gold is pure, you do not need to apply any purity multiplier. For example, if gold spot is $3,100 per ounce, the 24K price per gram is approximately $99.67 ($3,100 / 31.1035).