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Gold
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Gold Melt Value Calculator
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Gold by Karat (per troy oz)
| Karat | Purity | Value/ozt |
|---|---|---|
| 24K (99.9% pure) | 99.9% | — |
| 22K (91.7% — Gold Eagle) | 91.7% | — |
| 18K (75%) | 75.0% | — |
| 14K (58.3%) | 58.3% | — |
| 10K (41.7%) | 41.7% | — |
Common Gold Coins (24K equiv.)
| Coin | Gold oz | Melt Value |
|---|---|---|
| 1 oz Gold Eagle (22K) | 0.9167 | — |
| 1/2 oz Gold Eagle | 0.4583 | — |
| 1/4 oz Gold Eagle | 0.2292 | — |
| 1/10 oz Gold Eagle | 0.0917 | — |
| 1 oz Gold Buffalo (24K) | 0.9999 | — |
| 1 oz Krugerrand (22K) | 0.9167 | — |
Gold Purity and Karat Explained
Gold purity is expressed in karats (K or kt) or as a millesimal fineness. Pure gold is 24 karat or .999 fine. Most gold jewelry ranges from 10K to 18K, while investment-grade bullion coins are typically 22K (American Gold Eagle) or 24K (American Gold Buffalo, Canadian Maple Leaf).
To calculate the melt value of gold jewelry, you need to know the karat and weight. A 14K gold ring weighing 5 grams contains 0.0937 troy ounces of pure gold, worth approximately calculated at current spot.