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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]
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.
With the current price of gold, this makes the top prize at most Olympic games worth only about $600, as compared to more than $20,000 for the solid gold medals of the past.
The use of gold rapidly declined with the onset of the First World War and also with the onset of the Second World War. [5] 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 ...
The all-time medal table for all Olympic Games from 1896 to 2024, including Summer Olympic Games, Winter Olympic Games, and a combined total of both, is tabulated below. These Olympic medal counts do not include the 1906 Intercalated Games which are no longer recognized by the International Olympic Committee (IOC) as official Games. The IOC ...
The gold medal containing 6 grams of gold and mostly silver comes to around $950, while a silver medal comes in at around $480. A bronze medal is worth $13. But these amounts depend on the price ...
A possible source of confusion is that gold is often priced on the open market in the more traditional troy ounce (one troy ounce is exactly 31.1034768 grams, which is larger than the avoirdupois ounce generally in use in the United States and has a mass of 28.35 grams). Kilogram gold prices are commonly used by the Zurich Gold Pool where 1,000 ...