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How Daily Gold Karat Prices Are Tracked and Calculated

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Gold is one of the few things most people buy priced by purity. Walk into a jewellery shop in Riyadh or Dubai and the board behind the counter lists prices for 24K, 22K, 21K and 18K gold — each updated daily, often shown in both English and Arabic. But where do those numbers actually come from? Here is how daily gold karat prices are tracked and calculated. Every calculation begins with the international spot price of pure gold — the 24K benchmark quoted in US dollars per troy ounce.

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How Daily Gold Karat Prices Are Tracked and Calculated · ShortSingh