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# What is the value of the 6 grammes of gold in an Olympic gold medal?

Updated: 9/27/2023

Wiki User

12y ago

Gold is commonly valued by the ounce.

There are 28.3495231 grams (or grammes) in one ounce.

Olympic gold medals are silver coated with at least 6 grams of gold.

At the current price of about US\$1827 an ounce, the value of 6 grams would be US\$386.67.

Gold and silver prices change several times a day, and might be much more or much less than the prices above.

But an Olympic gold medal has a value to collectors that far exceeds the intrinsic value of the gold and silver it contains.

Depending on the athlete and the date, it might be any value up to priceless.

Wiki User

12y ago

Wiki User

14y ago

There are 31.103 grams in one troy ounce - based on today's spot of \$952 .6 grams of pure 24k gold would be worth \$18.36 For pure gold - Spot Price / 31.103 = gram value example - \$952 / 31.103 = 30.60 per gram X .6 = \$18.36 For Karat gold - 10,14,18, etc Spot Price / 31.103 X (percentage of pure gold in the item) = gram value You calculate the percentage of pure gold by dividing the karat by 24. 14K / 24K = 58% and 18K / 24K = 75% In this scenario your .6 grams of gold would be worth ... \$952 / 31.103 X .58 = 17.74 per full gram X .6 = \$10.64

Wiki User

11y ago

The gold medal is 92.5% silver plated with 6 grammes of gold.

Wiki User

11y ago

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