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Precious Metals, Gold, Silver & Platinum Bullion Calculator

Calculate scrap value, bullion weight (grams, troy oz, tolas), and spot market price in AUD.

Input Parameters

Calculation Results

Estimated Bullion Market Value (AUD)
$3,849.62
Estimated Scrap Dealer Payout (~95%)
$3,657.13
Pure Precious Metal Weight
31.1 grams (1 troy oz)
Purity & Metal Classification
24K Fine Investment Gold (99.99%)
Effective Spot Rate per Gram
$123.77/g (Spot: $123.78/g)
Summary: 1 oz of 24K Fine Investment Gold (99.99%) contains 31.1g of pure metal. At AUD $3,850/oz, total intrinsic market value is AUD $3,849.62.
Step-by-Step Calculation Solution
1.Total Weight = 1 oz = 31.1 grams (1 troy oz)
2.Pure Metal Weight = 31.1g × 99.99% = 31.1 grams pure
3.Intrinsic Value = 1 troy oz × $3850/oz = $3849.62 AUD

Formula & How Precious Metals, Gold, Silver & Platinum Bullion Calculator Works

Mathematical Formula
Pure Metal (g) = Total Grams × Purity | Intrinsic Value = Pure Troy Oz × Spot Price

Australia is one of the world's largest gold producers, anchored by historic mining hubs like Kalgoorlie's Golden Mile and the Perth Mint. 1 Troy Ounce equals 31.1035 grams (heavier than a standard 28.35g kitchen ounce).

How to Calculate Precious Metals, Gold, Silver & Platinum Bullion Calculator (Step-by-Step)
  1. Enter Precious Metal: Input your target parameter value.
  2. Enter Purity / Karat / Fineness: Input your target parameter value.
  3. Enter Item Weight: Input your target parameter value.
  4. Enter Weight Unit: Input your target parameter value.
  5. Enter Spot Price per Troy Ounce (AUD $): Input your target parameter value.
  6. Apply Formula: Calculate using Pure Metal (g) = Total Grams × Purity | Intrinsic Value = Pure Troy Oz × Spot Price.
  7. Review Results: View exact computed answers, metrics, and worked mathematical proofs.
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Frequently Asked Questions (FAQs)

How many grams are in 1 Troy Ounce of gold?

There are exactly 31.1034768 grams in 1 Troy Ounce of gold, silver, or platinum.

What is the difference between 9K, 18K, and 24K gold?

24K is 99.99% pure gold. 18K contains 75% pure gold alloyed with silver/copper for durability. 9K contains 37.5% pure gold, popular in Australian everyday jewelry.

What is the Perth Mint standard?

The Perth Mint in Western Australia refines over 90% of Australia's newly mined gold to a guaranteed minimum 99.99% purity.

Official Regulatory & Government Data Sources

Authoritative Standards & Verified Reference Citations

Independent & Verified

Calculations and mathematical logic on this page are grounded in published statutory rules, regulatory standards, and official government data published by the following bodies:

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