Gram Gold Calculator
body {
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
background-color: #f8f9fa;
color: #333;
line-height: 1.6;
margin: 0;
padding: 0;
}
.loan-calc-container {
max-width: 800px;
margin: 40px auto;
padding: 30px;
background-color: #ffffff;
border-radius: 8px;
box-shadow: 0 4px 15px rgba(0, 0, 0, 0.1);
}
h1, h2 {
color: #004a99;
text-align: center;
margin-bottom: 25px;
}
.input-group {
margin-bottom: 20px;
display: flex;
flex-wrap: wrap;
align-items: center;
}
.input-group label {
flex: 1 1 150px;
margin-right: 15px;
font-weight: 600;
color: #004a99;
text-align: right;
}
.input-group input[type="number"],
.input-group select {
flex: 2 1 200px;
padding: 10px 15px;
border: 1px solid #ced4da;
border-radius: 4px;
font-size: 1rem;
box-sizing: border-box;
}
.input-group input[type="number"]:focus,
.input-group select:focus {
border-color: #004a99;
outline: none;
box-shadow: 0 0 0 0.2rem rgba(0, 74, 153, 0.25);
}
.button-group {
text-align: center;
margin-top: 30px;
}
button {
background-color: #004a99;
color: white;
padding: 12px 25px;
border: none;
border-radius: 4px;
font-size: 1.1rem;
cursor: pointer;
transition: background-color 0.3s ease;
}
button:hover {
background-color: #003366;
}
#result {
margin-top: 30px;
padding: 20px;
background-color: #e7f3ff;
border: 1px solid #004a99;
border-radius: 4px;
text-align: center;
}
#result h3 {
margin-top: 0;
color: #004a99;
}
#result-value {
font-size: 2.5rem;
font-weight: bold;
color: #28a745;
}
.article-content {
margin-top: 50px;
padding: 25px;
background-color: #ffffff;
border-radius: 8px;
box-shadow: 0 4px 15px rgba(0, 0, 0, 0.1);
}
.article-content h2 {
text-align: left;
color: #004a99;
}
.article-content p,
.article-content ul,
.article-content li {
margin-bottom: 15px;
}
.article-content li {
list-style-type: disc;
margin-left: 20px;
}
.article-content strong {
color: #004a99;
}
@media (max-width: 600px) {
.input-group {
flex-direction: column;
align-items: stretch;
}
.input-group label {
margin-right: 0;
text-align: left;
margin-bottom: 5px;
}
.input-group input[type="number"],
.input-group select {
width: 100%;
}
.loan-calc-container {
margin: 20px auto;
padding: 20px;
}
#result-value {
font-size: 2rem;
}
}
Understanding the Gram Gold Calculator
The Gram Gold Calculator is a straightforward financial tool designed to help individuals quickly estimate the current market value of their gold based on its weight, purity (karat), and the prevailing market price per gram. This calculator is particularly useful for anyone looking to buy, sell, or simply understand the value of their gold assets.
How the Calculation Works
The core of the Gram Gold Calculator relies on a simple, yet effective formula that takes into account the actual gold content within an item. Pure gold is defined as 24 karat (24K). When gold is alloyed with other metals to create different karats (like 22K, 18K, or 14K), its purity decreases, and consequently, its value based on pure gold content is adjusted.
The formula used is as follows:
Estimated Value = (Gold Weight in Grams) × (Purity Percentage of Karat) × (Market Price Per Gram)
- Gold Weight in Grams: This is the measured weight of the gold item you are evaluating.
- Purity Percentage of Karat: This represents the proportion of pure gold in the alloy. The calculator uses standard purity percentages:
- 24K = 99.9% (or 0.999)
- 22K = 91.6% (or 0.916)
- 18K = 75.0% (or 0.750)
- 14K = 58.3% (or 0.583)
- Market Price Per Gram: This is the current trading price of pure gold (typically 24K) per gram in the market. This price fluctuates based on global economic factors, demand, and supply.
Use Cases for the Gram Gold Calculator
This calculator is a valuable tool in several scenarios:
- Selling Gold: When selling gold jewelry, coins, or bullion, this calculator provides a baseline value to ensure you are receiving a fair offer from jewelers or scrap gold buyers.
- Buying Gold: It helps buyers understand the intrinsic value of gold items they are considering purchasing, allowing for informed decisions.
- Investment Tracking: For those who invest in gold, the calculator can help track the value of their gold holdings over time, assuming a consistent market price.
- Jewelry Valuation: While a professional appraisal considers craftsmanship and uniqueness, this calculator estimates the material value of the gold itself.
It's important to remember that the calculator provides an estimate based purely on the weight, karat, and market price. Actual selling prices may vary due to factors such as making charges, gemstone weight (which is not pure gold), refining costs, and the buyer's profit margin. Always cross-reference with current market rates for the most accurate estimation.
function calculateGoldValue() {
var goldWeight = parseFloat(document.getElementById("goldWeight").value);
var karatType = parseInt(document.getElementById("karatType").value);
var pricePerGram = parseFloat(document.getElementById("pricePerGram").value);
var purityPercentage = 0;
if (karatType === 24) {
purityPercentage = 0.999;
} else if (karatType === 22) {
purityPercentage = 0.916;
} else if (karatType === 18) {
purityPercentage = 0.750;
} else if (karatType === 14) {
purityPercentage = 0.583;
}
var calculatedValue = 0;
if (!isNaN(goldWeight) && !isNaN(pricePerGram) && purityPercentage > 0) {
calculatedValue = goldWeight * purityPercentage * pricePerGram;
document.getElementById("result-value").innerText = "$" + calculatedValue.toFixed(2);
} else {
document.getElementById("result-value").innerText = "Invalid Input";
}
}