Latest 16k gold price per gram: USD 50.75
Last Update: 10 May 2024
This article gives an overview about the 16k gold price per gram today in USD, history of daily prices in a table and a calculator a formula for calculating the 16k gold price per gram from ounce.
Contents
- 16k Gold Price per Gram on 10 May 2024: USD 50.75
- 16k Gold Price per Gram: Daily Price
- 16k Gold Price from 1 Gram to 1000 Gram
- 16k Gold Price per Gram Calculator
- Formula: Calculating the 16k Gold Price per Gram
- Current Market Scenario
- What is 16k Gold Worth per Gram?
- The Gold Price for Other Weights and Units
- FAQ: Prices in Different Countries and Currencies
16k Gold Price per Gram on 10 May 2024: USD 50.75
16k is short for 16 karat (in the United States) or 16c, 16 carat (in most other English speaking countries). 16 karat ist relevant for gold jewelry. Pure gold is 24 karat. Therefore, 16k is 66.7% of pure gold, and 66.7% of the price of pure gold. This is also called 667 gold.
16k karat is not a common gold fineness. Popular in Western countries are 10k, 14k, 18k. In China, India and other Asian countries also 20k, 21k, 22k and 24k. In some countries, 9k and and 8k gold jewelry is produced. Rare is 12k, 16k and 23k gold jewelry.
16k Gold Price per Gram: Daily Price
Here is an overview of the historical development of the 16k gold price per gram of the last 30 days. Gold prices are set from Monday till Friday (similar to the stock market). Therefore, weekends list the price of Friday.
Table with 16k gold price in USD of the last 30 days:
| Date | Gold Price |
|---|---|
| 10. May. 2024 | USD 114.19 |
| 09. May. 2024 | USD 112.70 |
| 08. May. 2024 | USD 111.53 |
| 07. May. 2024 | USD 111.61 |
| 06. May. 2024 | USD 112.08 |
| 05. May. 2024 | USD 111.04 |
| 04. May. 2024 | USD 111.04 |
| 03. May. 2024 | USD 110.89 |
| 02. May. 2024 | USD 111.27 |
| 01. May. 2024 | USD 112.21 |
| 30. Apr. 2024 | USD 110.53 |
| 29. Apr. 2024 | USD 112.60 |
| 28. Apr. 2024 | USD 112.75 |
| 27. Apr. 2024 | USD 112.75 |
| 26. Apr. 2024 | USD 112.88 |
| 25. Apr. 2024 | USD 112.55 |
| 24. Apr. 2024 | USD 111.90 |
| 23. Apr. 2024 | USD 112.12 |
| 22. Apr. 2024 | USD 112.68 |
| 21. Apr. 2024 | USD 115.29 |
| 20. Apr. 2024 | USD 115.29 |
| 19. Apr. 2024 | USD 115.52 |
| 18. Apr. 2024 | USD 115.11 |
| 17. Apr. 2024 | USD 114.66 |
| 16. Apr. 2024 | USD 114.94 |
| 15. Apr. 2024 | USD 113.22 |
| 14. Apr. 2024 | USD 113.06 |
| 13. Apr. 2024 | USD 113.06 |
| 12. Apr. 2024 | USD 113.60 |
| 11. Apr. 2024 | USD 113.95 |
16k Gold Price from 1 Gram to 1000 Gram
This is an overview of the gold price for 16 karat in different weights from 1 gram to 1kg (1000 gram):
| Weight | Gold Price |
|---|---|
| 1 gram | USD 50.75 |
| 2 gram | USD 101.50 |
| 5 gram | USD 253.75 |
| 10 gram | USD 507.50 |
| 20 gram | USD 1,015.00 |
| 25 gram | USD 1,268.75 |
| 50 gram | USD 2,537.50 |
| 100 gram | USD 5,075.00 |
| 200 gram | USD 10,150.00 |
| 250 gram | USD 12,687.50 |
| 500 gram | USD 25,375.00 |
| 1000 gram | USD 50,750.00 | 1 kg | USD 50,750.00 |
16k Gold Price per Gram Calculator
If you enter gram, the value in 16k gold will be calculated.
If you enter USD, it will be calculated how much gram you need to be worth this value.
Formula: Calculating the 16k Gold Price per Gram
The price of gold is quoted in troy ounce. This is 31.1034768 gram. Therefore, one gram of gold is 1 divided by 31.1034768 (roughly one-thirty).
If the price of one ounce of gold is USD 2,367.89, then one gram is USD 2,367.89 / 31.1034768. This is USD 76.13. As we have 16k of gold, we need to reduce the price to 16k gold content, or 66.7%. So the final price for 16k gold per gram is: USD 76.13 * 0.667 = USD 50.75.
Instead of doing all the calculating steps, just use:
price of gold in ounce * 0.02143383104 = 16k gold per gram
In our example: USD 2,367.89 * 0.02143383104 = USD 50.75
Current Market Scenario
Current 16k Gold Price per Gram
As of 10 May 2024, the 16k gold price per gram is around USD 50.75 This price is subject to fluctuations based on various factors such as supply and demand, economic conditions, and geopolitical events.
Factors Influencing the Price of 16k Gold
The price of 16k gold is influenced by a multitude of factors. These include the international gold market and the overall economic health. Additionally, factors like mining costs, gold production, and changes in jewelry and industrial demand also play a significant role in determining the gold price trends.
Historical Trends in 16k Gold Prices
Historically, the price of 16k gold has seen both highs and lows. Over the past decade, gold prices have generally been on an upward trend, with occasional dips. This is largely due to increasing demand, geopolitical tensions, and economic uncertainties. Understanding these historical trends can help in making informed predictions about future gold price trends.
Read about the history of gold.
What is 16k Gold Worth per Gram?
The current price of 16k gold per gram is USD 50.75. This value can fluctuate based on various factors, including market demand, geopolitical events, and economic conditions. It’s essential to note that the price of gold can vary depending on the region or country, and it’s always a good idea to check the most up-to-date pricing.
The Gold Price for Other Weights and Units
Check out the gold price for other weights in gram: 1g gold, 2g gold, 5g gold, 10g gold, 20g gold, 37.5g gold, 50g gold, 100g gold, 250g gold, 500g gold and 1,000g gold.
FAQ: Prices in Different Countries and Currencies
What is the 16k gold price per gram in the USA?
In the United States the price of 16k gold per gram is USD 50.75. as of 10 May 2024. This price is subject to fluctuation based on market conditions and the purity of the gold. It’s always a good idea to check the latest rates from a reliable source before making any transactions.
What is the 16k gold price per gram in United Kingdom?
In the United Kingdom, the price of 16k gold per gram is GBP 40.49 as of 10 May 2024. The price of gold can vary depending on the market conditions and the purity of the gold. Always ensure to check the current rates from a trusted source.
What is the 16k gold price per gram in Canada?
As of 10 May 2024, the price of 16k gold per gram in Canada is CAD 69.22. This price can fluctuate based on the market conditions and the purity of the gold. It’s recommended to check the latest rates from a reliable source before making any transactions.
What is the 16k gold price per gram in Singapore?
In Singapore, the price of 16k gold per gram is SGD 68.67 as of 10 May 2024. The price of gold can vary depending on the market conditions and the purity of the gold. Always ensure to check the current rates from a trusted source.
What is the 16k gold price per gram in Australia?
As of 10 May 2024, the price of 16k gold per gram in Australia is AUD 76.67. This price can fluctuate based on the market conditions and the purity of the gold. It’s recommended to check the latest rates from a reliable source before making any transactions.
What is the 16k gold price per gram in Euro?
In countries with the Euro (Germany, France, Spain, Italy …), the price of 16k gold per gram is EUR 47.04 as of 10 May 2024. The price of gold can vary depending on the market conditions and the purity of the gold. Always ensure to check the current rates from a trusted source.
What is the 16k gold price per gram in China?
As of 10 May 2024, the price of 16k gold per gram in China is approximately CNY 366.72. This price can fluctuate based on the market conditions and the purity of the gold. It’s recommended to check the latest rates from a reliable source before making any transactions.
What is the 16k gold price per gram in New Zealand?
In New Zealand, the price of 16k gold per gram is NZD 84.15 as of 10 May 2024. The price of gold can vary depending on the market conditions and the purity of the gold. Always ensure to check the current rates from a trusted source.
What is the 16k gold price per gram in the UAE?
As of 10 May 2024, the price of 16k gold per gram in the UAE, the United Arab Emirates (Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain) is AED 186.42. This price can fluctuate based on the market conditions and the purity of the gold. It’s recommended to check the latest rates from a reliable source before making any transactions.
What is the 16k gold price per gram in Thailand?
In Thailand, the price of 16k gold per gram is THB 1,864.66 as of 10 May 2024. The price of gold can vary depending on the market conditions and the purity of the gold. Always ensure to check the current rates from a trusted source.