how much is 1 gram of pure gold worth
Next take the spot price of $1700.00 and divide that by 31.1 which is the amount of grams per troy ounce to determine that 1 gram of pure 24k gold equals $54.66 then multiply x the percentage of gold content of .583 and we determine that 1 gram is worth $31.87.f you have many grams of 14k we just multiply the $31.87 x the amount of grams. This is the true market value of your gold. So the simple formula is $1700.00 divided by 31.1 x .583 x 1 gram = $31.87. Use the Kitco gold value indicator which is the current spot price of gold.