Gold price today

10 grams stamped 585 contain 5.85 grams of fine gold. Multiply that fine-gold weight by the current spot price per gram; do not multiply the whole jewellery weight by the pure-gold price.

At 887,87 kr. per gram of fine gold, the metal reference value is 5.194,05 kr.. An illustrative offer at 85% would be 4.414,94 kr. before any additional fees. The 85% is an example, not a promised buyer rate.

The gold price you see at the top of this page is a spot price converted into Danish kroner and shown per gram, per ounce or per kilogram depending on your selection. The spot price is the international wholesale price of pure gold, traded around the clock on the major metal exchanges. It is important to understand that the spot price is not the price at which you can personally buy or sell gold at a Danish jeweller, bank or scrap dealer. It is a reference point – a snapshot of the market – that all Danish dealers use as the starting point when setting their own buying and selling prices.

When you see a price on this page, it comes from live market data, but it is not updated millisecond by millisecond. Our data is typically cached for up to five minutes, which means the price you see can be a few minutes old relative to the very latest tick in the market. This usually has no practical effect for a private individual wanting a price overview, but if you are trading large quantities of gold professionally, you should always obtain a fresh, binding quote directly from your counterparty before transacting. The timestamp next to the price shows when the data was last updated, so you can judge the age of the figure yourself.

One thing many people overlook is the difference between the spot price and the price you actually encounter at a Danish jeweller or an online bullion dealer. A dealer's selling price usually sits above the spot price, because it must cover manufacturing, processing, margin, operating costs and sometimes VAT. Conversely, a dealer's buying price – what you receive if you sell your gold – is usually below the spot price. This difference is called the spread, and it is entirely normal, found in virtually every market for physical goods. The more processed and specialised a gold product is, the larger the gap to the raw spot price tends to be.

Gold purity in Denmark is most often expressed in karats, where 24 karat is pure gold (or very close to it). 18 karat gold contains 75 percent pure gold and 25 percent other metals, 14 karat contains roughly 58.5 percent pure gold, and 8 karat – which is rarer – contains 33.3 percent. When converting a spot price into the value of a specific gold item, you must therefore always multiply by the relevant karat factor and subtract the weight of any stones, clasps or other non-gold materials. Many people forget this and incorrectly compare their old jewellery directly to the 24 karat spot price.

Another practical point concerns VAT. In Denmark, investment gold – typically defined as gold bars and wafers with a fineness of at least 995 thousandths, as well as certain gold coins with a fineness of at least 900 thousandths minted after the year 1800, that have or have had legal tender status in their country of origin, and that are normally sold at a price not exceeding the open market value of their gold content by more than 80 percent – is exempt from VAT. Jewellery, gold cutlery and other processed gold goods are, by contrast, ordinary VAT-liable goods and are subject to Danish VAT of 25 percent on sale, regardless of gold content. This distinction matters a great deal if you are considering gold as an investment rather than as jewellery or a household item, because VAT can in practice make up a substantial part of the price for non-investment gold.

It is also worth noting that the prices on this page are indicative and intended for general orientation. They do not replace a concrete offer from a dealer, and they do not account for individual factors such as an item's condition, provenance, particular design or collector value, all of which can affect the price a buyer or seller is actually willing to accept. Always use the figures as a starting point for a conversation with a dealer, not as a guaranteed selling or buying price.

When the market is closed or the data source is interrupted, the displayed quote can be older than five minutes. Its timestamp is the quote time, not a promise that you can trade at that amount.

If you are considering selling inherited jewellery, old gold coins or investment bars, it is wise to start by weighing the item precisely on a digital scale and establishing its karat before you even contact a dealer. Most gold items in Denmark are stamped with a karat marking, often a small number such as "585" for 14 karat or "750" for 18 karat, referring to thousandths of pure gold. Once you know the weight and karat, you can make a rough estimate of the gold content's value yourself by taking the spot price per gram, multiplying by the karat factor and multiplying by the weight in grams. Remember that this estimate does not include the dealer's spread, any fees, or deductions for other materials in the item.

If instead you are considering buying gold as an investment, you should compare prices from several Danish dealers, as the spread can vary considerably between providers and between product types. Smaller bars and coins typically carry a relatively higher spread relative to their value than larger bars, because fixed costs for processing and security are spread over a smaller amount of gold. Conversely, large bars are less liquid to resell in smaller portions. It is also worth checking whether a dealer is a member of a trade association, offers transparent pricing, and provides buy-back options on known terms.

Finally, be aware that gold prices fluctuate continuously in line with movements in the dollar exchange rate, interest rate levels, geopolitical uncertainty and global supply and demand. A price you see at a given moment can change during the day, and swings of several percent over shorter periods are normal in volatile market conditions. Use the price overview as a tool for following trends over time rather than as a guarantee of what a specific transaction will yield tomorrow.