Use this free gold price calculator to work out what your gold is worth and what a fair price for a gold bar or coin should be. Enter the weight, purity and today's spot price, then add the dealer premium you were quoted.
Spot price changes every minute. Replace the example value with the live price from your dealer or a market data site before you buy.
How the Calculator Works
The calculator converts your weight to grams, multiplies by the purity to find the pure gold content, and converts that to troy ounces. One troy ounce equals 31.1035 grams.
- Melt value = pure gold in troy ounces × spot price.
- Estimated price = melt value × (1 + premium ÷ 100).
- Premium in a quote = (quoted price ÷ melt value − 1) × 100.
Typical Premiums Over Spot
| Product | Typical premium |
|---|---|
| 1 kilo gold bar | About 1% to 2% |
| 10 oz gold bar | About 1.5% to 3% |
| 1 oz gold bar | About 2% to 4% |
| Bullion coins (Maple Leaf, Eagle) | About 3% to 7% |
| Small gram bars and collectible coins | Much higher |
Frequently Asked Questions
What is the difference between melt value and price?
Melt value is what the pure gold is worth at the spot price. Dealers add a premium for minting, distribution and profit, so the price you pay is always a little higher.
How do I calculate the value of 22K or 21K jewelry?
Choose the purity, enter the weight in grams and set the premium to 0. The result is the melt value. Jewelers usually pay less than melt value when they buy.
Where can I find the live spot price?
Most bullion dealers and financial news sites show the live gold spot price per troy ounce. Use the same source each time so your comparisons are consistent.
Related Guides
- How Much Does a Gold Bar Cost in 2026?
- Gold IRA Fees and Costs Explained
- The Complete Gold Investing Guide
Disclaimer: This calculator gives estimates for general information only. It is not financial advice.