24K Gold Price Today

24 karat gold is the purest form of gold commercially available, consisting of 99.9% fine gold with a 999 fineness hallmark. Some refiners produce four-nines fine gold at .9999 purity. Because of its extreme softness, 24K gold is the standard for investment-grade bullion rather than everyday jewelry.

The 24K gold price is the baseline from which all other karat prices are derived. International gold spot prices quoted on exchanges like COMEX and the London Bullion Market Association (LBMA) reference pure 24K gold. To find the price per gram, divide the spot price per troy ounce by 31.1035. This figure represents the raw material value of one gram of pure gold at any given moment.

24K gold is the standard held by central banks and sovereign wealth funds worldwide as part of their foreign reserve assets. Countries including the United States, Germany, Italy, France, and China maintain thousands of tonnes of gold reserves in the form of 24K bars, typically cast as 400-troy-ounce Good Delivery bars that meet LBMA specifications.

For individual investors, 24K gold is available in a variety of forms. Gold bullion bars range from 1 gram to 1 kilogram and are produced by accredited refiners such as PAMP Suisse, Valcambi, and the Royal Canadian Mint. Popular 24K gold coins include the Canadian Maple Leaf (.9999 fine), the American Buffalo (.9999 fine), and the Austrian Philharmonic (.9999 fine). Gold leaf and gold foil, also 24K, are used in art, architecture, and specialty food decoration.

While 24K gold is generally considered too soft for Western-style jewelry, it is used for traditional jewelry in parts of Asia and the Middle East, where the deep yellow luster and maximum purity are culturally valued above durability considerations.