Gold & Silver Value Calculator
Estimate the current market value of your gold or silver based on weight, purity, and current spot prices.
Gold
Silver
Grams
Troy Ounces
Kilograms
24K (.999)
22K (.9167)
18K (.750)
14K (.5833)
10K (.4167)
.999 Fine
.925 Sterling
.900 Coin Silver
Estimated Value:
Understanding Your Gold & Silver Value
The value of precious metals like gold and silver is determined by several key factors: their weight, purity, and the current market spot price. This calculator helps you estimate the intrinsic value of your metal holdings.
How the Calculator Works
Our Gold & Silver Value Calculator takes into account the following inputs:
- Metal Type: Select whether you are calculating for gold or silver. This choice influences the available purity options.
- Weight Amount & Unit: Input the total weight of your metal and choose the appropriate unit (Grams, Troy Ounces, or Kilograms). The calculator converts all weights to a common unit (troy ounces) for consistent calculation.
- Purity: This is crucial. For gold, purity is often expressed in Karats (K), where 24K is pure gold. For silver, it's typically expressed as fineness (e.g., .999 fine) or sterling (.925). The calculator uses standard decimal equivalents for these purities.
- Current Spot Price per Troy Ounce: This is the real-time market price for one troy ounce of pure (24K gold or .999 fine silver) metal. You should input the most current spot price you can find from a reliable source.
Key Factors Affecting Value
The intrinsic value of your gold or silver is calculated by multiplying its pure metal content (weight × purity) by the current spot price. However, it's important to note that the actual price you might buy or sell at can differ due to:
- Premiums: Dealers often add a premium to the spot price to cover their costs, fabrication, and profit. This is especially true for coins, bars, and jewelry.
- Assay Costs: If the purity of your metal is unknown, it might need to be assayed, incurring additional costs.
- Market Liquidity: Large quantities or rare items might command different prices.
Weight Units Explained
- Grams (g): A common metric unit of weight.
- Troy Ounces (ozt): The standard unit for weighing precious metals. One troy ounce is approximately 31.1035 grams. It is slightly heavier than a standard avoirdupois ounce (which is about 28.35 grams).
- Kilograms (kg): A larger metric unit, often used for larger bars or industrial quantities. One kilogram is approximately 32.1507 troy ounces.
Purity Explained
- Gold Karats:
- 24K: 99.9% pure gold (or higher, e.g., .9999 fine).
- 22K: 91.67% gold, 8.33% other metals (often copper or silver for durability).
- 18K: 75% gold, 25% other metals.
- 14K: 58.33% gold, 41.67% other metals.
- 10K: 41.67% gold, 58.33% other metals.
- Silver Fineness:
- .999 Fine: 99.9% pure silver, often used for bullion bars and rounds.
- .925 Sterling: 92.5% silver, 7.5% copper. This is the standard for sterling silver jewelry and tableware.
- .900 Coin Silver: 90% silver, 10% copper. Common in older U.S. coinage.
Example Calculation
Let's say you have 10 grams of 22K gold, and the current gold spot price is $2000 per troy ounce.
- Convert Weight to Troy Ounces: 10 grams / 31.1035 grams/troy ounce = 0.3215 troy ounces.
- Determine Purity: 22K gold is 91.67% pure (0.9167).
- Calculate Pure Gold Content: 0.3215 troy ounces * 0.9167 = 0.2948 troy ounces of pure gold.
- Calculate Total Value: 0.2948 troy ounces * $2000/troy ounce = $589.60.
If you have 5 troy ounces of .999 fine silver, and the current silver spot price is $25 per troy ounce.
- Weight is already in Troy Ounces: 5 troy ounces.
- Determine Purity: .999 fine silver is 99.9% pure (0.999).
- Calculate Pure Silver Content: 5 troy ounces * 0.999 = 4.995 troy ounces of pure silver.
- Calculate Total Value: 4.995 troy ounces * $25/troy ounce = $124.88.
Use the calculator above to quickly estimate the value of your own precious metals!