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What was one pound of gold worth?

Updated: 9/17/2023
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13y ago

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1 US pound (lb.) = 14.5833333 troy ounces

Spot price of 1 troy ounce of 24 karat gold on 10-05-2010 is currently US dollars $1340.00 per troy ounce.

Multiply that times 14.5833333 equals: $19,541.67 dollars per US pound(rounded off to the nearest cent ).

Also note:

The 18-carat, 50 kilogram sculpture of Kate Moss, titled "Siren,"

is 75 percent "pure" gold:

50 kilograms = 110.231131 US pounds 18 karat gold alloy statue(total weight of copper plus gold )

18 karat gold is 75 percent pure gold, so:

37.5 kilograms = 82.6733483 US pounds (pure 24 karat GOLD)

The 18-carat sculpture, titled "Siren," is worth $1,615,575.01 melted down for the gold content, alone.

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