How do I calculate bullion value?
For near-pure bullion, multiply the weight in troy ounces by the live spot price (purity is about 0.999). The troy ounce and gram calculators handle the conversions.
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Value gold and silver bullion: bars, rounds, and coins by troy ounce and gram, plus how premiums and spot price work.
Open the calculatorBullion is gold, silver, or platinum valued for its metal content rather than its form - bars, rounds, and coins of high, known purity. Because it is near-pure, bullion tracks the spot price closely, so its melt value is straightforward to calculate.
Remember that the price you pay or receive for bullion includes a premium over melt: the cost of minting, distribution, and dealer margin. Use the calculators for melt value, then factor the premium separately.
For near-pure bullion, multiply the weight in troy ounces by the live spot price (purity is about 0.999). The troy ounce and gram calculators handle the conversions.
Bullion sells at a premium over melt to cover minting, distribution, and dealer margin. Smaller and collectible items usually carry higher premiums per ounce.
Its metal content is one troy ounce, so its melt value equals spot. The market price is melt plus the premium, which varies by product and demand.