How much is 100 Mills of gold in Grams?

Answer 1

The key there is 100 mills. That means the bar is plated with a layer of gold that is 100 millionths of an inch think. Many sellers will use the term clad rather than played, however both mean the same thing. The value of the actual gold is around $0.02. However no gold company will touch these. It cost more to remove the gold plating than the value of the gold. So these bars are only worth their collectible value and have no actual previous metal value.

Answer 2

The answer to your question varies because the price of gold varies on a day-to-day basis.

The gold price is quoted in Troy Ounces. As of June 30 2010, the price is $1240. This is for Troy Ounce. There are 31.1035 grams in a Troy Ounce so to calculate for 1 gram you do this calculation.

1 gram of 24 karat gold = 1240 (Price In Troy Ounces) / 31.1035 grams = $39.86

Thus 100 grams of 24 karat gold = $39.86 * 100 = $3986

Note that this is for pure 24 karat gold such as Credit Suisse gold bars. (If it was 12 karat gold for example, it would only contain half a gram of actual gold and be worth only half as much).