Frequently Asked Questions

The gold spot price is the current market price at which one troy ounce of gold can be bought or sold for immediate delivery. It is quoted in real time and forms the basis for most gold pricing worldwide, before dealer premiums, taxes, and fabrication costs are added.

Our live prices refresh frequently throughout the trading day using data from third-party market providers. Because the data passes through caching layers for performance, there may be a short delay, so prices should be treated as indicative rather than exact dealer quotes.

Karat (K) measures gold purity out of 24 parts. 24K is 99.9% pure gold, 22K is about 91.6% pure, 21K is about 87.5%, and 18K is 75% pure. The remaining portion is made up of other metals added for durability. Lower-karat gold is more affordable and harder, which is why it is common in jewelry.

We take the live 24K (pure) gold spot price and multiply it by the purity fraction. For example, 22K gold is priced at roughly 91.6% of the 24K price, and 18K at 75%. This gives a close estimate of the metal value for each karat.

Use our Gold Converter. One troy ounce equals 31.1035 grams, one kilogram equals 1,000 grams, and one tola (used in South Asia) equals about 11.6638 grams. Enter any amount in one unit and the converter shows the equivalent value across all the others.

Gold is priced globally in US dollars, so local prices depend on the exchange rate between the US dollar and the local currency. Local taxes, import duties, dealer margins, and demand can also cause prices to vary between countries.

No. All prices, charts, and calculations are for general informational and educational purposes only and do not constitute financial or investment advice. Always do your own research and consult a licensed financial professional before making any investment decision.

No. Every tool on the site — live prices, charts, the converter, and the calculators — is completely free to use and requires no registration or sign-up.

The spot price is the wholesale benchmark for one troy ounce of pure gold for immediate settlement. The price you pay at a jeweler or dealer is higher because it includes a premium, the cost of fabrication or making charges for jewelry, and often local taxes such as VAT or GST. When you sell, dealers typically pay slightly below spot. Our tools show the underlying metal value, not the retail price.

Precious metals have been weighed in troy ounces for centuries, a system that traces back to the medieval trading town of Troyes in France. One troy ounce equals about 31.1035 grams, which is heavier than a standard (avoirdupois) ounce of 28.35 grams. Using the wrong ounce would change a gold valuation by roughly 10 percent, which is why the troy ounce remains the global standard.

You should treat the prices here as indicative reference points rather than firm quotes. They are sourced from third-party providers and pass through caching for performance, so they may differ slightly from live dealer prices. Always confirm the current price and terms with a reputable dealer before completing a transaction.

Gold can play a useful role in a diversified portfolio because it often moves differently from stocks and bonds and is seen as a hedge during inflation or uncertainty. However, it pays no income and can have long flat periods. Whether it suits you depends on your goals and risk tolerance. This is general information, not advice — please consult a licensed financial professional before investing.