Gold price per ounce right now
One troy ounce of pure gold is priced at $4,098.00. That is down $27.10 (0.66%) from the previous close of $4,125.10. The price is an indicative XAU/USD reference, refreshed every few minutes when the market is open.
Price per ounce by karat
Jewelry is not pure gold, so its value per ounce is the spot price scaled by its purity. These are melt values for one troy ounce of each karat.
| Karat | Gold % | Value per troy oz | Per gram |
|---|---|---|---|
| 24K | 100.00% | $4,098.00 | $131.75 |
| 22K | 91.67% | $3,756.50 | $120.77 |
| 21K | 87.50% | $3,585.75 | $115.28 |
| 18K | 75.00% | $3,073.50 | $98.82 |
| 14K | 58.33% | $2,390.50 | $76.86 |
| 10K | 41.67% | $1,707.50 | $54.90 |
| 9K | 37.50% | $1,536.75 | $49.41 |
For every karat from 8K to 24K with fineness stamps, see the gold karat chart.
Troy ounce versus standard ounce
Gold is priced per troy ounce (31.1035 g), not the ounce on a kitchen or postal scale. A standard ounce is 28.3495 g, so it holds only 91.1% as much gold. A standard ounce of pure gold is worth about $3,735.16 at today’s price, against $4,098.00 for a troy ounce.
| Unit | Grams | Value of pure gold |
|---|---|---|
| 1 troy ounce | 31.1035 | $4,098.00 |
| 1 standard ounce | 28.3495 | $3,735.16 |
| 1 pennyweight | 1.5552 | $204.90 |
| 1 gram | 1 | $131.75 |
Spot price is not what you pay or receive
Spot is the benchmark for large wholesale trades. Buying a coin or bar costs spot plus a premium, and selling to a dealer pays below spot. Scrap jewelry is priced off spot and then reduced by the buyer’s share, so a price per ounce is only the starting point. To turn it into a realistic figure for your own gold, use the gold calculator, or read the melt value guide.
When the market is open
Gold futures trade from Sunday evening to Friday afternoon New York time, with a short break each weekday. At the moment the market is open (Market live). While it is closed, the last traded price is held on screen.
More on today’s price
- Gold price today for the live price with a price chart.
- Gold price per gram for every karat per gram, per pennyweight and per ounce.
- Gold price history for daily closes and yearly highs and lows.
Frequently asked questions
What is the price of gold per ounce today?
The spot price shown on this page is the price of one troy ounce of pure 24K gold in US dollars, at the time of the last update. It is an indicative reference price from a delayed feed, not a dealing quote, and it was $4,098.00 when this page loaded.
Is the gold price quoted per troy ounce or a regular ounce?
Per troy ounce. A troy ounce is 31.1035 grams, about 9.7% heavier than a standard (avoirdupois) ounce of 28.3495 grams. Gold, silver and platinum prices are all quoted per troy ounce.
Why do dealers charge more than the spot price?
Spot is the price of raw gold in large wholesale trades. Dealers add a premium for minting, distribution, insurance and profit, which is typically a few percent on one-ounce coins and more on smaller items. When they buy from you they pay less than spot.
What is the price of 14K or 18K gold per ounce?
Multiply the spot price by the purity: 14K is 58.33% and 18K is 75% of the 24K price per troy ounce. The table on this page shows each karat at the current price.
When does the gold price change?
Gold trades almost around the clock from Sunday evening to Friday afternoon, New York time, with a short daily break. The price moves whenever the market is open, and is quiet at weekends.
How often is the price on this site updated?
The price refreshes every few minutes while the market is open. The time shown is in your own time zone, and the price is indicative, so confirm it with your dealer before you buy or sell.