Reading a US dollar quote
The US dollar page uses the underlying USD spot reference without a currency conversion. A price per troy ounce and a price per gram are two expressions of the same fine-metal reference; they are not separate dealer markets. Compare the source time as well as the number when checking a retail offer. A difference between two screens can reflect timing, product content or the transaction direction rather than a cheaper opportunity.
Fine content is different from gross weight
The US Mint explains that American Eagle gold bullion coins use a 22-karat alloy but contain their stated amount of pure gold. When a coin is specified by fine gold content, value that fine content directly. Do not multiply an already stated fine ounce by 22/24 a second time. Collectible finishes, packaging and dealer premiums must be assessed separately from the contained gold.
Worked currency conversion
This example assumes gold at USD 3,100 per troy ounce and a conversion of 1 USD = 1 USD. These are illustrative inputs, not current prices or exchange rates. The fine-gram result is 3,100 × 1 / 31.1034768 = 99.6673 USD. Multiply by fine grams to value a holding; add actual fees to compare a purchase.
Before comparing an offer
- Confirm the currency code and whether the quote is per gram, troy ounce or kilogram.
- Establish whether quantity describes gross weight or fine-metal content.
- Request the dealer’s buy and sell quotes separately, including delivery and total fees.
- Match timestamps; daily FX conversions and a live USD chart can describe different observations.
Compare actual dealer quotes · Test a metal and currency scenario · Value several holdings together