How to Figure the Price Per Gram of Gold

Determine the price per gram of gold easily.

Gold is a valuable commodity in the open market which is bought and sold for large amounts of money. Those purchasing gold are investing in its value over time. If you want to know the price per gram (ppg) of gold, you can find out by using a simple conversion formula. Once you know the value of the gold in your country's denomination, you can convert the figure to determine the price per gram easily.

Instructions

1. Determine the current price of gold. Since the price of gold changes continuously, you will need to find the current price of gold in your country's denomination. You can find this on websites like goldinfo.net and goldprice.org, as well as in financial newspapers. The price will be based on the unit of measurement called the troy ounce.

2. Determine the conversion formula. Since the price of gold is measured in troy ounces, you need to convert troy ounces to grams to find the price per gram. One troy ounce is equal to 31.10 grams. So divide the current price of gold by 31.10 to find the price per gram of gold.

3. Using the formula and the current gold price you have researched, calculate the price per gram. For example, if the price of gold is $800, you would take 800 and divide by 31.10. If you do the math, the price per gram in this example would be 25.7 or roughly $26 per gram.

References

• Gold Price
• Gold Info

Resources

• Read this Article in Spanish