Gold Price Today
Spot price per gram and troy ounce — for every karat, in your currency.
Price by karat
How much pure gold each karat contains — and what it's worth at today's spot price.
Prices update automatically from live market data. Spot price = raw gold value; retail jewellery includes making charges and margin.
24K gold — price by weight
What drives the gold price?
US Dollar strength
Gold is priced in USD globally. When the dollar weakens, gold rises in USD terms — and vice versa. A 1% dollar move often translates to a 0.8–1% inverse move in gold.
Inflation expectations
Gold is a classic inflation hedge. When investors expect higher inflation, they buy gold to preserve purchasing power, pushing prices up. Low inflation typically suppresses gold demand.
Central bank buying
Central banks hold gold as a reserve asset. Large purchases by China, India, Russia, or Turkey can move markets significantly. Central banks bought record amounts in 2022–2024.
Geopolitical risk
Wars, sanctions, and political instability drive "safe haven" demand. Gold typically spikes during crises as investors move out of equities and currencies into physical stores of value.
Interest rates
Higher interest rates make bonds and savings accounts more attractive relative to gold (which pays no yield). When real rates fall below zero, gold typically outperforms.
Mining supply
Global gold mine production is relatively stable at ~3,500 tonnes/year. Major new discoveries are rare. Recycled gold (from jewellery and electronics) contributes another ~1,200 tonnes annually.
Why doesn't my jewellery sell for spot price?
There are two separate gold prices you need to understand: the spot price (raw commodity market) and the retail price (what you pay in a jewellery store).
Pure gold content × market price. An 18K ring weighing 5g contains 3.75g of pure gold. That's your melt value — what a refiner would theoretically pay for the raw metal.
Melt value + making charges (5–20%) + retailer profit (20–50%) + VAT/tax. A ring worth $200 in gold may retail for $500–$800. Premium brands can reach 5–10× melt value.
Gold buyers and pawnshops typically pay 70–90% of the current melt value for scrap gold jewellery. Specialist dealers, auction, or direct sale to other jewellers may yield closer to melt or even above it for rare pieces.
Frequently asked questions
What is the current gold price per gram?
What is a troy ounce of gold?
How is the gold price determined?
What is the difference between spot price and retail price?
How do I calculate the gold value of my jewellery?
Calculate your gold's exact value
Enter weight and karat to get the precise melt value at today's live spot price.
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