Gold Calculator Australia
What is your gold worth in Australian dollars? Live AUD price per gram, by weight and karat.
Enter the weight and karat of your gold. The price comes live from the spot market, converted to Australian dollars, and the source and fetch time are shown below. If the live feed does not answer, the tool asks you to enter today’s price per gram instead of guessing one.
Fetching the live gold price…
Indicative only, not financial advice. The figure is the spot value of the pure gold in the item. A dealer will pay less, and jewellery loses its making cost.
How the value is worked out
Gold trades worldwide in US dollars per troy ounce. The tool fetches that spot price live, converts it to Australian dollars at the current USD to AUD rate, and divides by 31.1035 grams per troy ounce to get the AUD price per gram of pure gold. Then it multiplies by the weight of your item and by its purity: 24k is pure, 22k is 22/24, 18k is 3/4, 14k is 14/24, and 9k, the common Australian jewellery grade, is 9/24 or 37.5% pure.
A worked example: at A$185 per gram, 10 grams of 18k gold holds 7.5 grams of pure gold, worth A$1,387.50 at spot. The same 10 grams in 9k holds 3.75 grams of pure gold, worth A$693.75. The karat matters as much as the weight.
Troy ounces, not kitchen ounces
Gold is weighed in troy ounces (31.1035 g). An ordinary avoirdupois ounce is 28.3495 g. Mixing the two up overstates the weight by about 10%, so the calculator uses troy ounces throughout.
Spot is not the sale price
Spot is the wholesale price of pure gold. A dealer pays below spot to cover refining, testing and margin, and a pawnbroker pays less again. Get quotes from two or three buyers before you sell, and weigh the item yourself first.
Frequently Asked Questions
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