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Gold is trading at $59.75 per gram, so the 6-ounce gilding on the first-place medal is worth $358.50. Added to the $418 worth of silver underneath, an Olympic gold medal is worth $776.50. Worth ...
“The value of a gold medal depends on the current market prices of silver and gold,” Stone explained. “Presently, 1 gram of gold is valued at $74.94, while 1 gram of silver is priced at $0.73.
Prior to the RA 10699, standard government incentives were codified under the RA 9064 or the National Athletes, Coaches and Trainers Benefits and Incentives Act of 2001, which mandates a prize money of ₱5 million for Olympic gold medalists, ₱2.5 million for silver medalists and ₱1 million for bronze medalists.
First place (the gold medal): It is composed at least 92.5% of silver, plated with 6 grams of gold; the metal value was about US$494 in 2010. [19] [20] At the 2020 Summer Olympics held in 2021 in Tokyo, Japan, the medal at then-current prices was worth about $800. [21]
As of Oct. 26, 2023, the price of 1 gram of gold is $64.16, whereas a gold bar that weighs a kilogram would fetch $64,160.67. How much is a 1-pound gold bar worth?
The last series of Olympic medals to be made of solid gold were awarded at the 1912 Summer Olympics in Stockholm, Sweden. Olympic gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold. [6] All Olympic medals must be at least 70mm in diameter and 3mm thick. [7]