Compare the goldprice per gram

In the precious metals market, troy ounces are the standard, but grams often prove to be a very convenient way to compare different gold products.

Charts in troy ounces or kilograms

When you look up the gold price in a chart, you will often see it quoted in kilograms or troy ounces. A troy ounce is a widely used standard in the gold market for gold coins and equals 31.103 grams. It’s not exactly a unit that is easy to convert into grams.

Gold bars are usually produced in grams, although troy ounce gold bars also exist. In addition, the People’s Bank of China produces gold coins in grams; this differs from most other mints, which strike coins in troy ounces or a derivative such as 1/4 troy ounce or 1/10 troy ounce.

The gold price per gram

The gold price per gram can be fairly easily derived from a chart by taking the price per kilogram and dividing it by one thousand. However, when searching for and comparing various gold products, it can still be difficult to compare prices. How do you know, for example, whether the premium on a troy ounce coin is comparable to that of a 20 gram gold bar?

The Silver Mountain helps by clearly listing both the sales price and the premium for each product on the product page. In addition, each product displays its equivalent price per gram, making it very easy to compare different types of gold products and choose the most cost-effective option.

Converting troy ounces to price per gram

If you want to convert troy ounce prices to grams yourself, here’s how:

• Troy ounce price ÷ 31.1034768 = price per gram
• Price per gram × 31.1034768 = price per troy ounce

Difference gram prices for 24-karat and 18-karat gold

It’s important to note that there is a difference between the price of 18-karat and 24-karat gold. Older coins, such as Dutch silver guilders or gold ten-guilder coins, also contain a lower metal content. Always check whether the website is showing the price per gram for the amount of pure metal or for the total product weight. At The Silver Mountain, we are transparent about this and clearly state the net precious metal weight of the product as well as the price per gram of pure metal.

For investment silver and gold, this is usually not a concern. Modern coins are generally 24-karat gold, and even 22-karat coins such as the Krugerrand contain at least 1 troy ounce of pure gold—they are simply slightly heavier than 24-karat coins. The amount of gold you are buying is therefore the same for a 22-karat Krugerrand.

Buying gold per gram at The Silver Mountain

At The Silver Mountain, you can easily buy gold per gram; we have various 1 gram gold bars in stock. If you want to buy at a lower premium, you can opt for larger gold bars or gold coins in troy ounces or grams. Each product clearly states the net weight of pure gold as well as the price per gram of pure gold. We also clearly list the purchase premium for each product.

This way, you can easily buy gold per gram at The Silver Mountain and compare gold prices per gram. If you have any questions, our customer service team is ready to assist you. Want to learn more about gold? Read more articles in our knowledge centre.