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GoldCompass

Smart Gold Calculator

How much gold can you buy?

Enter your budget, gold purity, and dealer premium to estimate quantity purchased, your break-even price, and profit/loss at different spot prices.

Educational purposes only — not financial advice. Always consult a qualified advisor before investing.

More gold tools

The calculator above answers the whole question at once. These do one job each, with a worked example and the arithmetic explained.

  • Gold Karat Price Calculator

    What 10K, 14K, 18K, 22K, and 24K gold is worth per gram and per troy ounce at today's spot price.

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  • Gold Unit Converter

    Convert gold weights between grams, kilograms, troy ounces, ounces, pennyweight, and tola — with the value of each.

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  • Gold Break-Even Calculator

    How far the gold price has to rise before a purchase at a given dealer premium returns your money.

    Open tool

  • Gold Profit & Loss Calculator

    Entry price, exit price, and quantity in — profit or loss in dollars and percent, after buying and selling costs.

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How this calculator works

  • Quantity: budget ÷ (spot × purity × (1 + premium%)). Dealer price per item troy oz = spot × purity factor × (1 + premium).
  • Break-even: spot × (1 + premium%). The premium is the minimum price rise needed to recover your investment when selling at spot.
  • P/L scenarios: assumes you sell pure gold equivalent at the given spot price with no sell-side commission. Actual returns depend on market conditions, taxes, storage costs, and the dealer's buy-back spread.
  • 1 troy oz = 31.1035 grams. Spot price source: CoinGecko (PAX Gold proxy).

Frequently asked questions

How much gold can I buy with $10,000?
At current gold prices near $4,150/oz with a 5% dealer premium, $10,000 buys roughly 2.3 troy oz (about 71.5 grams) of pure 24K gold. Use the GoldCompass calculator for a precise figure based on live spot prices.
What is a dealer premium on gold?
A dealer premium is a markup charged above the spot (market) price to cover minting, refining, and dealer margins. Typical premiums: gold bars/coins 3–8%, jewelry 10–15%. Your investment only turns profitable once the spot price rises above your break-even (spot at purchase × (1 + premium)).
What is the difference between 24K, 18K, and 14K gold?
Karat indicates purity: 24K is 99.9% pure gold; 18K is 75% gold (750 fine); 14K is 58.3% gold (583 fine). Lower karat gold contains other metals (silver, copper) for durability. For investment purposes, 24K bars or coins are most common. The calculator adjusts quantity calculations for any purity level.
How is break-even price calculated for gold?
Break-even price = purchase spot price × (1 + dealer premium %). For example, buying at $4,000/oz with a 5% premium means gold must rise to $4,200 before you recover your investment when selling at spot. This calculator is for educational purposes and does not account for storage costs, taxes, or sell-side commissions.