1. Jewelry Identifier
  2. Gold melt value
  3. 24K · 1 troy oz

* Gold melt value

24K 1 troy oz melt value today

1 troy oz of 24K gold (99.9% pure gold) is worth about $4,588 in melt value as of August 28, 2026 — a scrap buyer typically pays ~85% of that ($3,900) after refining and margin. That weight is typical of solid gold chains, heavy bracelets, multi-piece lots.

Published July 11, 2026 · Updated August 28, 2026

24K · 1 troy oz — live estimate

Melt value
$4,588
Realistic scrap (~85%)
$3,900
Pure gold content
31.072 g
Per-gram melt
$148/g
Purity
99.9% (24K)
As of
August 28, 2026

The calculation

melt = spot/g × purity × weight(g)
     = $148 × 0.999 × 31.1034768
     = $4,588

Scrap buyers typically deduct ~15% for assay and refining, landing near $3,900. Designed or branded pieces can sell for more intact than melted.

What usually weighs about 1 troy oz?

At 1 troy oz, you are usually looking at solid gold chains, heavy bracelets, multi-piece lots. Confirm the hallmark matches 24K before you accept a scrap offer — plated lookalikes are worth far less.

Before you sell

  1. Confirm the 24K stamp (or equivalent fineness mark).
  2. Weigh in grams on a jewelry scale; exclude stones and non-gold parts.
  3. Compare at least two scrap offers against the $3,900 ballpark above.
  4. Not sure of the metal? Scan it in the Jewelry Identifier app first.

* Frequently asked

FAQ

Q. How much is 1 troy oz of 24K gold worth today?
A. About $4,588 in pure melt value as of August 28, 2026. A realistic scrap offer is near $3,900 (~85% of melt) after refining and margin.
Q. How much pure gold is in 1 troy oz of 24K?
A. 24K is 99.9% gold by weight, so 1 troy oz contains about 31.072 g of pure gold.
Q. How do I calculate 24K value myself?
A. Multiply today's gold spot per gram ($148) by the purity (0.999) and by the weight in grams (31.1034768). That is $148 × 0.999 × 31.1034768 = $4,588.
Q. Is 1 troy oz a normal weight for 24K jewelry?
A. Yes for solid gold chains, heavy bracelets, multi-piece lots. Weigh only the gold — exclude stones and non-gold findings — before using this estimate.

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