Gold Value Calculator

In short The metal value of a piece is its pure gold content multiplied by the price of pure gold, and both halves catch people out. The content is the gross weight times karat divided by 24, so one tola of 22K holds 10.692 grams of gold rather than the 11.664 grams the scale shows. The price needs the purity of the QUOTE taken out first: South Asian and Gulf shops post a 22K rate and a 24K rate side by side and they differ by about 9%, so applying a 24K rate to a 22K piece overstates it by that much. Done properly the two routes agree exactly — one tola of 22K against a 24K tola rate of 300,000 is 275,000, and the same piece against a 22K tola rate of 275,000 is also 275,000. That agreement is the check worth making whenever a shop quote looks wrong. Rates are quoted per tola in Pakistan and India, per 10 grams in Indian wholesale, per bhori in Bangladesh, per baht in Thailand and per troy ounce internationally, and this page converts between all of them. What it will never do is store a rate: gold moves by the minute, a rate baked into a page is wrong within the hour, and it is the one number you already have. Note also that this is the metal value only — it is not the shop price, which adds making charges, wastage and tax, and it is not the scrap offer, which subtracts a refining margin.