Spot price by weight
Gold price per pennyweight
Spot gold is quoted per troy ounce. This is the same price per pennyweight, converted at 1.5552 grams to the pennyweight.
Gold price per pennyweight
$230.48
dwt · snapshot spot
- Spot per troy ounce
- $4,609.65
- Grams per pennyweight
- 1.5552
- pennyweights per troy ounce
- 20.0000
The gold price shown was recorded when this page was published. Figures calculated from it appear once the live price loads, so nothing here is worked out from a number the market may have left behind.
What your gold is worth
This is spot value for pure gold. Jewelry is an alloy and is worth its fineness share of this — see the karat pages below. Coins and bars sell above spot, by the dealer's premium.
Spot value
—
10 pennyweights of pure gold
Gold price in every unit
| Unit | Grams | Gold price |
|---|---|---|
| Per gramg | 1.0000 | $148.20 |
| Per troy ounceozt | 31.1035 | $4,609.65 |
| Per kilogramkg | 1,000 | $148,204 |
| Per tolatola | 11.6638 | $1,728.62 |
| Per pennyweightdwt | 1.5552 | $230.48 |
What a pennyweight is
A pennyweight is 1.5552 grams — one twentieth of a troy ounce. The abbreviation is "dwt", from the Latin denarius, which is why it is not "pwt".
The unit most American scrap gold buyers and dental refiners quote in. If a buyer offers you a price "per pennyweight", it covers 1.5552 grams, so it should be about a twentieth of the per-ounce figure.
How this is calculated
Spot per troy ounce ÷ 31.1035 × 1.5552 grams. The conversion is exact: the pennyweight is defined against the troy ounce rather than measured against it.
The headline figure is the published spot price restated in pennyweights and carries its own timestamp. Anything multiplied by a weight you enter waits for a live quote — nothing on this site values your metal from a price we cannot vouch for right now.
Common questions
- How is the gold price per pennyweight worked out?
- Spot gold is quoted per troy ounce, which is 31.1035 grams. The price per pennyweight is that figure divided by 31.1035 and multiplied by 1.55517384 grams, so there are 20 pennyweights in a troy ounce. The conversion is exact — the pennyweight is defined against the troy ounce rather than measured against it.
- Will I be paid the gold price per pennyweight for what I own?
- Only if it is pure gold and you are selling in wholesale quantity, which almost nobody is. Jewelry is an alloy and is worth its fineness share of this figure — and any buyer pays a percentage of that, not the full amount, because they have to refine it and make a living. Coins and bars sell for more than this figure, by the dealer's premium.
- What is a pennyweight, and why is it abbreviated dwt?
- A pennyweight is 1.5552 grams, one twentieth of a troy ounce. The abbreviation dwt comes from the Latin denarius, which is why it is not "pwt". Most American scrap gold buyers and dental refiners quote per pennyweight, so a price per dwt should be roughly a twentieth of the per-ounce figure.