The price of gold per gram can be determined by dividing the Troy ounce price by 31.104. When you see the spot price of gold listed, it generally does refer to the Troy ounce measurement. You can conversely multiply the spot price times 0.03215 to obtain the gold price per gram.

The carat, or karat in the U.S., is a unit used for measuring gold and diamonds. Karat abbreviated Kt. or K is used to express the pure gold content by weight in gold alloys. Stated another way, the karat is used to show the proportion of fine gold to the metal with which it is alloyed. Pure gold is 24 karat.

Any alloy of gold is known by its proportion by weight of fine gold. 18 karat is 18/24 of fine gold. 14 karat is 14/24 of fine gold… The balance may be an alloy of other metals, usually a combination of silver and copper. In white gold, nickel is used.

If karat gold is applied to a base metal, it is called gold filled, rolled gold plate or just gold plate. All gold jewelry must be marked to show its gold content Gemstones are measured by the very old unit of weight, the carat.

The carat weight was originally the seed of a tree that is common in the Middle East, the carob tree. Its fruit is a bean pod inside of which are many small seeds.

The ancient pearl merchants of the Middle East discovered that when these seeds were dried they were exceedingly uniform in weight and adopted them as units of weights for pearls. The Greek word for carob is keration. Hence our word carat.

One carat is one fifth, 0.2 of a gram. 142 carats equal one ounce Avoirdupois (U.S. ounce).

The weight of a diamond of one and a quarter carats is  expressed as: 1.25 ct. It is common practice to call the hundredths “points”: 0.50 ct is fifty points, 0.05 ct. is five points.

The first discovery of gold in the United States was in Cabarrus County in North Carolina near the end of the 18th century and many area residents are convinced “not half” of the riches have been taken from the ground.

Anyone who wants to make a profit on gold must remember that the basic price of the metal must go up enough for him to recover the fees he paid in buying it. Then he has to find a buyer. if the price rises sharply, the gold investor will make a profit.

When it became legal once again for U.S. citizens to buy gold, own it, sell it, trade it, it became available also on the commodities market. Once the finest of all the monies, gold was to be listed along with pork bellies, or frozen orange juice concentrate or soybeans, etc.

Recent flurries in the money world have focused world attention upon gold, the metal that seems to be the last word in intrinsic value as far as most people are concerned. “Good as gold” is a figure of speech that is known the world over.

Before 1970 it was estimated that if all the gold that had been mined since the world began were to be molded into blocks the size of an ordinary cement or cinder building block, it would not make a pile any larger than a five room cottage. That includes the gold in bullion, coin, teeth fillings, rings, fountain pen points, jewelry and anything else in which gold is used.

Gold is unusual, and is quite heavy. Yet it is said that gold can be hammered to such a thinness that you can see through it. It is so malleable that a single ounce of pure gold can be hammered out so as to completely cover an area 10 feet long and 10 feet wide, or 100 square feet.

There is such a minute fineness to which gold can be drawn out that an ounce of it can be hammered into a thread 50 miles long, a fact that is almost impossible to believe. Gold has always had a death grip on the human mind and imagination.

When the Gospel of John was written, the preciousness of gold was mentioned as being the material out of which streets were paved in the New Jerusalem, the heavenly city. Throughout the Bible, gold is mentioned over and over. “Much fine gold” is a Biblical expression.

Through the ages there has persisted the feeling that when all other values have crumbled away, gold will be the one thing that will not melt away.

Knowing that there are 31.104 grams in one Troy ounce gives the easy calculation of the Price of Gold Per Gram as stated above.