24K Gold price today

24K gold price This is the price per gram of nearly pure gold. In the Iranian market it is less something you see in jewelers' display windows and more the basis for valuing bullion, coins and melted gold. On this page you can see the live price per gram of 24K gold in Toman. Below, we explain exactly what 24K gold is, how its price is derived from the global ounce and the dollar, how it relates to 18K gold and coins, and what to watch for when buying bullion or holding pure gold.

What is 24K gold?

In the karat system, gold is divided into 24 parts, and 24K gold means all 24 parts are gold. In practice no gold is 100% pure, which is why purity is expressed in "parts per thousand". The most common standard for investment bars worldwide is 999.9 (four nines), and standard bars for large international trades have a minimum purity of 995 parts per thousand . Both are called "24K gold" or "pure gold" in the market.

Pure gold has a deep, warm yellow color, but it is very soft and scratches or bends under little pressure. That is why it is not suitable for rings and bracelets worn every day, and common jewelry in Iran is made from 18K gold. The main use of 24K gold is as a store of value: bullion bars, small packaged pieces and central bank reserves.

Common karats and their pure gold content

To know how much pure gold a piece of gold or a coin contains, you need to know its karat. The table below compares the karats you often deal with in the Iranian market with 24K gold:

That is why the price per gram of 24K gold is always higher than the 18K gold price . If you divide the price per gram of 18K gold by 0.75, you get a figure close to the market price of 24K gold.

How is the 24K gold price calculated?

24K gold is the most direct bridge between the global market and the domestic market. The global gold price is quoted in dollars per troy ounce (31.1035 grams), and you can follow it on the global gold ounce (XAU/USD) page. By multiplying the ounce price by the open-market dollar rate and dividing by the weight of one ounce, you get the theoretical price per gram of pure gold in Toman:

Price per gram of 24K gold ≈ ounce price × dollar rate ÷ 31.1035

Unlike 18K gold, this formula has no karat factor, and this simplicity makes the 24K price a good reference figure for gauging the rest of the market. The actual domestic market price may differ slightly from the theoretical price; the costs of importing and moving gold, sanctions-related restrictions on transferring money and goods, and domestic supply and demand create this gap.

24K gold: the basis for calculating the coin bubble

For Iranian buyers, the most important analytical use of the 24K price is calculating the intrinsic value of coins . Intrinsic value means the value of the pure gold inside the coin: coin weight × 0.9 × price per gram of 24K gold. The difference between the coin's market price and this figure is called the "bubble". When a coin's price is close to its intrinsic value, it mostly follows the ounce and the dollar; when the bubble is large, part of the price is driven by excitement and short-term demand. You can do this calculation for the Emami coin, half coin and quarter coin using this page.

What factors change the 24K gold price?

Global factors

• US interest rates and monetary policy: Gold pays no yield; when returns on dollar bonds and deposits rise, holding gold becomes less attractive, and vice versa. See central bank interest rates on the interest rates page.
• Economic data: Releases of inflation and employment data and Federal Reserve meetings usually increase ounce volatility; the timing of these events is listed in the economic calendar .
• Central bank demand and crises: Reserve buying by central banks and geopolitical tensions increase demand for gold as a safe-haven asset.

Domestic factors

• Open-market dollar rate: In the short term, this is usually the most influential factor for the Toman price.
• Cost and difficulty of imports: Banking restrictions and sanctions make importing bullion more expensive and can separate the domestic price from the theoretical price.
• Inflation and expectations: During inflationary periods, demand for saving in gold rises.

Ways to hold 24K gold

• Physical bullion: Packaged bars with a serial number and a weight and purity certificate. They carry no making charge, but you may face a buy-sell spread when selling.
• Gold bullion deposit certificates: On the Iran Mercantile Exchange, certificates backed by gold held in a vault are traded. They make gold ownership possible without physically holding it, but come with their own trading rules and fees.
• Gold funds: Exchange-traded investment funds whose assets are mainly gold and coin certificates; they are highly liquid, but their price can also deviate from the value of their assets.
• Global market: Trading gold ounces through international brokers is usually leveraged and done as contracts for difference (CFDs), and carries high risk. For Iranians, access and money transfer restrictions must also be considered; before taking any action, read the broker reviews .

Some investors also watch another metal alongside gold; the global price of silver (XAG/USD) is more volatile than gold.

Tips on buying, authenticity and storing gold bars

• Certificate and serial number: A genuine bar comes with a weight and purity certificate, and the serial number on the package matches the number engraved on the bar.
• Do not open the packaging: A broken seal may lead to retesting when you sell and a lower offered price.
• Exact weight: Check the weight on a jeweler's precision scale; with pure gold, even a few hundredths of a gram add up to a significant amount of money.
• Reputable lab: For pieces without a certificate, only a report from a reputable lab determines the purity; your eyes and a magnet are not enough.
• Storage: Pure gold is soft; keep it separate from other pieces in a soft case. For larger amounts, a bank safe deposit box is safer than keeping it at home.

To compare 24k gold with coins and other options, see the full list of gold and coin prices .

The information on this page is for informational purposes only and is not a recommendation to buy or sell. Prices are obtained from the stated sources and may differ slightly from the rates of your local jeweler or gold bar dealer.