precious metals category

A gold item is not valued by weight alone. This guide combines the live spot price with the correct troy-ounce conversion and the item’s actual purity, then explains why a dealer quote may differ.

Gold is quoted globally by the troy ounce but bought locally in grams, kilograms, bars, and jewellery. Here is the exact conversion framework and the purity adjustment that turns one benchmark into a useful estimate.

Gold and silver are both monetary metals, but they do not behave identically. Their demand bases, price volatility, physical costs, and sensitivity to the economic cycle create important practical differences.