How is the gold price per gram calculated?
The price per gram on this page comes from two numbers: the global price of one troy ounce of gold in USD₮ (USDT) and the rate of your chosen currency per US dollar.
In short: price per gram of 24k = ounce price in USD₮ × currency per US dollar ÷ 31.1034768. Step by step:
- Take the global price of one troy ounce of gold in USD₮.
- Multiply it by the rate of your currency per US dollar; for US dollars that rate is simply 1.
- Divide by 31.1034768, because one troy ounce is exactly that many grams; the result is the price of one gram of 24k gold.
- For 18k gold, multiply the 24k gram price by 0.75, because 18k gold is 18 parts pure gold out of 24, that is three quarters of its weight.
Why is the jeweller’s price different?
A jeweller’s price is not built from the global ounce and the exchange rate alone. The main reasons for the gap:
- Making charges: for jewellery, the work of making the piece is charged on top of the gold.
- VAT and other taxes, depending on your country and on the type of gold.
- Dealer margin: a shop sells a little above and buys back a little below the value.
- Local premium: when local demand is high, prices can run ahead of the global value, and sometimes they lag behind.
Physical gold or tokenized gold?
Tokenized gold is a token on a blockchain where one full token represents one troy ounce of physical gold held by the issuer. Its price follows the global gold price.
With physical gold you hold the metal yourself, but depending on the form you pay making charges, premiums or a buy-sell spread, and storing it safely is your job. With tokenized gold you trust the issuer to keep the backing gold in full and to honour its promise; that is issuer risk.
Buy and sell gold in Waletifi
You don’t need to save up for a whole bar or coin to buy gold in Waletifi. Start with small amounts and see your balance in grams and in your own currency.
The exact amount of gold you get and all fees are shown before you confirm. Gold prices go up and down; only convert money you can leave through the swings.
- Buy gold by converting from USDT or your other assets
- Sell back to USDT at any time
- The conversion fee shown before you confirm
- Gold kept in your own wallet, with the key on your own phone
Gold piggy bank: save gold step by step
The gold piggy bank is a savings goal in Waletifi that helps you put gold aside for something specific, such as a wedding or a child’s future. Setting one up takes a few simple steps:
Full guide to the gold piggy bank: from setting a goal to cashing out
- Name your goal.
- Set the target in grams and a deadline.
- Choose a weekly or monthly reminder so you don’t forget the next purchase.
- Watch your progress: the app shows how close you are and the pace you need to reach the goal.
What the gold piggy bank does and doesn’t do
The gold piggy bank only reminds you; it never buys automatically and you confirm every purchase yourself. Progress is calculated from the gold balance in your wallet, and the goal’s value in your currency changes with the gold price.
Goals stay only on your phone, encrypted. The gold section depends on your country and may not be available everywhere.