Keyword Analysis & Research: gold spot price gram

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How do I calculate the spot gold price per gram?

When calculating the price for one gram of gold, one must take the "spot rate" and divide it by 31.1034768, the troy-ounce-to-gram conversion rate. In this example, one would divide $1,200.00 by 31.1034768. The net result should be a price $38.58 per gram. This amount is the spot price of gold per gram.

How do you calculate the price of gold per gram?

To calculate the base value of gold per gram, divide the current price of raw gold per ounce by 31.1, and divide that value by twenty-four, multiplied by the gold karat weight (price of raw gold per oz./31.1/24 x karats = base value of gold per gram).

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