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Spot price of 1 troy ounce of gold on 10-05-2010 is currently US dollars $1340.00 per troy ounce. 18 karat gold is 75 percent gold, so take the TROY ounce weight for the 18 karat gold item times .75 to get the PURE 24 karat gold amount, then multiply that by 1340.

1 troy ounce of 18 karat gold is worth $1005 dollars.

1 troy ounce is equal to 31.1034768 grams, or 1.09714286 US ounces,

(so you need MORE than one US ounce of pure 24 karat gold to get the spot price of a TROY ounce of gold!)

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Wiki User

14y ago
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5mo ago

The value of 18 carat gold is determined by the current market price of gold. As of today, 18 carat gold typically contains 75% gold, so its value is 75% of the current price per ounce of pure gold. You can multiply the weight of your 18 carat gold item by this percentage to get an estimate of its worth.

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