Gold Melt Value Calculator

A troy ounce is 31.1035 grams -- about 10% heavier than the 28.35-gram avoirdupois ounce used for groceries. Precious metals always trade in troy ounces, and this calculator's 'oz' means troy. If you weighed your gold on a kitchen scale in regular ounces, convert to grams first for an accurate result.

Melt value is the raw metal content only -- the floor, not the price. Recognizable bullion coins usually sell above melt (buyers pay a premium for mint, condition, and liquidity), while a refiner buying scrap pays somewhat below melt to cover refining costs. Use melt as your reference point in either negotiation.

It's 22-karat by design -- alloyed with copper and silver for durability, the same standard as the historic British Sovereign and the Krugerrand. An Eagle still contains a full troy ounce of pure gold; the coin just weighs more than an ounce in total. Purer .9999 coins like the Canadian Maple Leaf or American Buffalo weigh almost exactly their gold content.

The same live feed that powers our live-prices pages, refreshed continuously from market data. Spot is the global benchmark price for immediate delivery of the raw metal -- individual products then trade at premiums above it.