Gold price 28 July 2026: 113.74 euros per gram
On 28 July 2026 gold stood at 4,028 dollars per troy ounce, with the euro at 1.1387 dollars. Converted, that is 113.74 euros per gram. Where that figure comes from, what your jewellery is worth of it, and why we are not going to tell you whether this is a good moment.
From 4,028 dollars an ounce to 113.74 euros a gram
The world market quotes gold in dollars per troy ounce, and a troy ounce is 31.1034768 grams. Not an ordinary ounce, which is 28.35 grams: confuse the two and you are more than nine per cent out. Two steps take you from the quote to a price per gram in euros.
Step 1: 4,028 dollars divided by 31.1034768 grams is 129.50 dollars per gram. Step 2: divide that by the euro rate of 1.1387 dollars and you arrive at 113.74 euros per gram.
Per kilo that works out at 113,740 euros for pure gold. This is the world market price for large lots of fine gold, not the sum you are handed across the counter for a necklace. Where the difference sits is explained below.
Check it yourself. Multiply any price per gram by 31.1035 and you have the price per troy ounce in euros. If that roughly matches what you see elsewhere, that party is using the same sum we are.
What your 14 or 18 carat is worth of that
Those 113.74 euros apply to pure gold, and nobody wears pure gold. A piece of jewellery is an alloy, and the hallmark in the clasp or inside the ring says how much gold is in it.
- 9 carat (375) – 37.5 per cent gold, or 42.65 euros per gram in material
- 14 carat (585) – 58.5 per cent gold, or 66.54 euros per gram
- 18 carat (750) – 75 per cent gold, or 85.31 euros per gram
- 24 carat (999) – near pure, the full 113.74 euros per gram
A 14 carat wedding band weighing three grams therefore represents roughly 200 euros of material. What you are actually paid sits below that: between the world market price and the offer lies the margin for melting, refining and the risk of a rate that moves between the moment we buy and the moment we sell on. Bars and bullion coins sit closest to the quoted rate, old mixed gold furthest from it.
Is this a good moment to sell?
There is only one honest answer: we do not know, and nobody does. We publish no forecast, because a forecast you stake money on is a different thing from an opinion. What we do instead is work the sum out aloud, so that you can check it and decide for yourself.
A valuation commits you to nothing. You hear what your gold is worth today, you take that figure home, and you come back when it suits you. That day's rate will no longer apply — the method of calculating it will.
What is certain is that gold sitting in a drawer does nothing. Whether that matters depends on why it is there. An heirloom with a story is a different consideration from a broken chain that has not been round a neck in ten years.
- Gold at 120.55 euros per gram: up 5.4%, 6.6% below the topGold stands higher than six weeks ago but below the 129.04 euro peak of late August. Both figures, the sum behind them, and what you can do with it.Read on
- The four Cs: which weighs heaviest when selling?Carat, cut, colour and clarity are not equally important. Which is measurable, which remains a judgement, and why an old cut deserves its own yardstick.Read on
- Selling a watch without papers: can you?Yes, and we buy it too. What gets checked in place of a warranty card, which numbers sit inside the case, and what you can look up at home beforehand.Read on
Still something unclear?
Ask it here. You will receive a personal reply by email, usually within one working day – no automated message and no phone call you did not ask for.
- An answer from a valuer, not from a template
- We keep your question so that you need not repeat anything
- No sales pitch afterwards
Sources
Where you can verify what you have just read.
- LBMAThe London gold and silver price our daily rate is built on
- WaarborgHollandThe Dutch assay office that verifies fineness and strikes hallmarks
Rather just have it looked at?
A valuation is free and without obligation, at a location near you.