Published Mar 8, 2026 · Updated Oct 8, 2026
Gold Price Per Gram Today
As of October 7, 2026, the gold price per gram is $131.76 for pure 24K gold. That figure is derived directly from the live spot price of $4,098.19 per troy ounce. Most gold you own isn’t pure, though — so the per-gram price that actually matters to you depends on karat:
Gold Price Per Gram by Karat (October 7, 2026)
| Karat | Purity | Price per gram |
|---|---|---|
| 24K | 99.9% | $131.76 |
| 22K | 91.7% | $120.78 |
| 18K | 75.0% | $98.82 |
| 14K | 58.3% | $76.82 |
| 10K | 41.7% | $54.94 |
Illustrative values computed from the October 7, 2026 spot price. The live price changes throughout the trading day.
How the Per-Gram Price Is Calculated
The gold market quotes prices per troy ounce, not per gram. The per-gram price is derived in two steps:
- Convert troy ounces to grams: $4,098.19 ÷ 31.1035 = $131.76 per gram of pure gold. (A troy ounce is 31.1035 grams — about 10% heavier than a regular ounce of 28.35 grams. Mixing them up is one of the most common and expensive mistakes in gold math.)
- Adjust for purity: multiply by the karat’s gold percentage. For 14K: $131.76 × 0.583 = $76.82 per gram.
That’s the whole formula: price per gram = (spot price ÷ 31.1035) × purity.
Worked Examples
Illustrative examples using October 7, 2026 pricing.
Example 1 — 14K gold chain, 22 grams:
Pure gold: 22 × 0.583 = 12.83 g → value: 12.83 × $131.76 = $1,690.15
Example 2 — 18K ring, 6 grams:
Pure gold: 6 × 0.75 = 4.50 g → value: 4.50 × $131.76 = $592.92
Example 3 — 10K bracelet, 15 grams:
Pure gold: 15 × 0.417 = 6.26 g → value: 6.26 × $131.76 = $824.16
Remember: these are melt values — the theoretical maximum. Buyers pay 70–95% of melt depending on who they are (see our guide on where to sell gold jewelry).
Gold Price Per Gram in Other Units
| Unit | Conversion | 24K value (Oct 7, 2026) |
|---|---|---|
| Gram | base unit | $131.76 |
| Troy ounce | 31.1035 g | $4,098.19 |
| Pennyweight (dwt) | 1.555 g | $204.89 |
| Tola | 11.664 g | $1,536.85 |
Why the Per-Gram Price Moves
The per-gram price is just the spot price expressed differently, so it moves for the same reasons spot moves:
- US dollar strength. Gold is priced in dollars globally; a weaker dollar typically lifts the gold price.
- Interest rates. Higher real rates make gold (which pays no yield) less attractive, pressuring prices down.
- Central bank buying. Central banks have bought over 1,000 tonnes of gold per year since 2022 (World Gold Council data), providing a steady floor under demand.
- Crisis demand. Geopolitical shocks and market selloffs routinely push investors toward gold as a safe haven.
Because of this, any per-gram figure you see online is a snapshot. Always check the live price immediately before calculating or selling.
Gold Price Per Gram: Recent History
The per-gram price has more than doubled in six years. Approximate yearly averages for 24K gold:
| Year | Avg. spot ($/ozt) | Per gram (24K) |
|---|---|---|
| 2020 | ~$1,770 | ~$56.91 |
| 2021 | ~$1,799 | ~$57.84 |
| 2022 | ~$1,800 | ~$57.87 |
| 2023 | ~$1,941 | ~$62.41 |
| 2024 | ~$2,389 | ~$76.81 |
| 2025 | ~$3,350 | ~$107.71 |
| Oct 2026 | $4,098 | $131.76 |
Approximate figures for context — not tradable quotes. The long climb reflects the same forces discussed above: central-bank accumulation, rate-cut expectations, and recurring safe-haven demand. Anyone quoting you a per-gram price from 2023 as “today’s price” is either working from a stale page or hoping you won’t check.
Per-Gram vs. Per-Ounce: When Each Is Used
- Per gram — jewelry, scrap gold, dental gold, small purchases. This is the number that matters when you sell personal gold in the US.
- Per troy ounce — bullion coins and bars, futures markets, financial news headlines.
- Per pennyweight — some US jewelers and pawn shops still quote in dwt; always convert (× 1.555 = grams) before comparing.
- Per kilo — wholesale and refinery transactions.
If a buyer quotes you “$95 per pennyweight” for 24K gold, that’s $95 ÷ 1.555 = $61.09 per gram — less than half the $131.76 melt value. Unit confusion is one of the costliest mistakes sellers make.
How Professionals Use the Per-Gram Price
Jewelers, pawnbrokers, and refiners all start from the same per-gram melt figure, then apply their business model on top:
- Test the karat (acid, electronic, or XRF) — because the per-gram price is meaningless without confirmed purity.
- Weigh in grams — professional scales read to 0.01 g.
- Multiply by their payout percentage — their margin for refining, overhead, and profit.
When you understand this three-step process, you can replicate any buyer’s math on the spot and challenge numbers that don’t add up.
Spot Price vs. Futures Price: Which Per-Gram Number Is “Real”?
You’ll sometimes see two different gold prices quoted: the spot price (for immediate delivery) and futures prices (for delivery in a coming month). Futures usually trade a few dollars above spot — a gap called contango — reflecting storage and financing costs.
For per-gram purposes, always use the spot price. That’s what buyers base payouts on, what our tables use, and what financial sites headline as “the gold price.” If a buyer’s quote seems off, check whether they’re quietly using a futures price or a stale one — and ask.
Locking In Your Per-Gram Price When Selling
Gold moves intraday, so the price you calculate at breakfast may differ from the price at the buyer’s counter. Two ways to handle it:
- Online buyers with price locks: many reputable mail-in buyers lock your price on the day your package is scanned into their facility (some lock on ship date). Ask explicitly — “when is my price locked?” — before mailing.
- Same-day local sales: call ahead, ask for today’s per-gram buy price for your karat, and sell the same day. A quote from yesterday is not a price today.
Never accept “we’ll price it when it arrives” without a written lock policy. That’s how sellers lose 2–3% to a bad-timing delivery.
Frequently Asked Questions
What is the gold price per gram today in USD?
$131.76 per gram for 24K gold as of October 7, 2026. For 14K gold — the most common jewelry karat in the US — it’s $76.82 per gram.
How do I convert the gold price per ounce to per gram?
Divide the troy-ounce price by 31.1035. At $4,098.19/oz, that’s $131.76 per gram.
Why do different sites show different per-gram prices?
They’re snapshotting the spot price at different times, or quoting different karats. Always check the timestamp and the karat.
Can the gold price per gram differ between dealers?
The melt value per gram is identical everywhere — it’s pure math from the spot price. What differs is the payout percentage each dealer offers. If two dealers quote different “prices per gram,” one is quoting melt value and the other is quoting their payout price after margin. Always ask which number you’re hearing.
Is the per-gram price the same as what a buyer pays me?
No. The per-gram figures above are melt values. Expect buyers to offer 70–95% of these numbers.
What’s the price per gram for 14K scrap gold?
$76.82 per gram melt value (October 7, 2026). Scrap buyers typically pay 80–90% of that, roughly $61–$69 per gram.
