The price of gold varies constantly based on market demand, but as of March 14th, 2023, the current spot price of gold is approximately $1,770 per ounce.
To determine the value of 1 gram of 24K gold, we need to convert the ounce price to a gram price. There are 31.1035 grams in one troy ounce, which is the unit of measure commonly used for gold.
So, if we divide the current spot price of gold by 31.1035, we get the value of 1 gram of gold in US dollars.
$1,770 per ounce / 31.1035 grams per ounce = $56.86 per gram
Therefore, as of March 14th, 2023, 1 gram of 24K gold is worth approximately $56.86.
It is important to note that the price of gold is subject to fluctuations in the market, and may vary based on the region and dealer selling the gold. Additionally, the purity of the gold can also impact its value, as 24K gold is considered the highest level of purity for gold. Other factors such as supply and demand, economic conditions, and geopolitical events can also impact the price of gold. As with any investment, it is important to do your research and consult with a financial advisor before making any decisions.