What Is Your Gold Worth in Canada Today? (10k to 24k, by the Gram)
Your gold is worth its weight in grams times its karat purity times today's gold price per gram in Canadian dollars. That is the whole answer. A 22k bangle weighing 15 grams holds about 13.75 grams of pure gold, so at an illustrative CA$5,500-an-ounce gold price it carries roughly CA$2,430 of metal. Below is the per-gram math for every karat from 10k to 24k, the Canadian tax reality when the piece is jewelry rather than an investment coin, and the honest gap between that metal value and the cheque a buyer actually writes you.
If you searched "gold rate in Canada today" or "22k gold price," you were probably holding a ring, a chain, or a bangle and wondering what it is really worth before someone quotes you a number. The good news is the math is short and it is the same in London, Ontario as it is in Brossard. Gold does not have a local rate. It has one national CAD price that moves through the day, and your piece is worth its share of that.
What "gold rate today" actually means
There is no separate Canadian gold rate set by a shop down the street. There is one live world gold price, quoted per troy ounce, and it converts into Canadian dollars at the exchange rate. A troy ounce is 31.1035 grams, a little heavier than the kitchen ounce, and that is the unit gold is priced in.
To get the number that matters for jewelry, take the per-ounce CAD price and divide by 31.1035. At an illustrative CA$5,500 per ounce, that is about CA$176.83 per gram of pure gold. Every dollar figure here is an example so the math is clear. Pull today's live number from the live gold price page and rerun it, because the price changes all day.
Karat is just a purity fraction
Most Canadian jewelry is stamped in karats, and each stamp is simply how much of the piece is actually gold. The rest is other metal mixed in for strength, since pure gold is too soft to wear every day. Here is the full conversion, with the metal value of one gram at that same illustrative CA$5,500-an-ounce price.
| Karat stamp | Purity | Metal value per gram (at CA$5,500/oz) |
|---|---|---|
| 10k | .4167 (41.7%) | about CA$73.69 |
| 14k | .5833 (58.3%) | about CA$103.16 |
| 18k | .75 (75%) | about CA$132.62 |
| 22k | .9167 (91.7%) | about CA$162.11 |
| 24k | .999+ (about 99.9%) | about CA$176.65 |
North American estate jewelry skews to 10k and 14k. If your gold came from South Asia, the Middle East, or the Caribbean, it is far more likely 22k or 24k, which is why so many Canadian "gold rate today" searches are really about high-karat gold. That matters, because a gram of 22k holds more than half again the gold of a gram of 14k, and 24k holds nearly all metal.
A worked example: a 22k gold bangle
Say you weigh a plain 22k bangle and it comes to 15 grams.
- Purity: 22k is .9167, so the bangle is 91.7% gold.
- Actual gold content: 15 grams x .9167 = about 13.75 grams of pure gold.
- Per-gram price: at CA$5,500 an ounce, that is 5,500 divided by 31.1035 = about CA$176.83 per gram.
- Melt value: 13.75 grams x CA$176.83 = about CA$2,430.
So that bangle holds roughly CA$2,430 of gold. That is the number you anchor every offer to. If gold moves, you rerun only step 3 with the live price and the melt moves with it. The method never changes. The same approach values a plain silver chain too: sterling is stamped .925, so you would use .925 and the silver price per gram instead. For the full step-by-step on any single piece, including the US-style 14k scrap case, see how much your 14k or scrap gold is worth.
The gold rate is not what a buyer pays you
Here is the part the "we buy gold" ads leave out. The gold rate is the metal value, the floor. A scrap-gold buyer, a jeweller, or a pawn counter does not hand you the melt figure. They pay a percentage of it, below melt, and that is normal rather than a scam. They have to refine your mixed-alloy jewelry back into pure gold, which costs money, and they take a margin so the business works. That gap is the same spread every metal buyer lives on.
A recognized .9999 investment coin sells closest to its metal value, because there is nothing to refine. A tangled 14k chain sells furthest below it. Where a given kind of buyer typically lands, from a good gold buyer down to a pawn counter, is broken down in what you really get when you sell. The rule to walk in with: melt is the number you measure the offer against, not the number you receive. Without it, a lowball has nothing to push against, which is exactly the position it counts on.
The Canadian tax reality
Investment-grade gold is GST/HST-exempt in Canada, but jewelry usually is not, and the line between them is purity and form. For the exemption, "precious metal" means gold in bar, ingot, coin, or wafer form that is at least 99.5% pure. A .9999 Maple Leaf clears that bar. Your 22k bangle at 91.7%, and any 18k, 14k, or 10k piece, does not, so it is an ordinary taxable good the way a watch or a bracelet is.
For you as an individual selling old jewelry, this mostly shows up on the buying side, not the selling side, but it is worth knowing which side of the line your gold sits on. The full purity-and-form test, and the coin that surprises people by missing it, is laid out in the GST/HST exemption explained. To be plain about scope, this is metal math and a note on how the exemption is defined, not tax advice. What you owe when you sell, if anything, is a question for a qualified professional.
Three things the gold rate cannot tell you
Whether the stamp is honest. A karat stamp can be wrong, and a plated or gold-filled piece can be base metal with a thin gold skin and a stamp that lies. Melt math trusts the stamp. Before selling anything of real value, an acid test, an electronic tester, or a jeweller's XRF reading settles what the piece truly is.
What the craftsmanship or brand adds. The formula values metal, full stop. A signed designer piece or an antique can be worth well above its melt, and that is a separate market. Do not melt something that is worth more intact.
What the stones are worth. Diamonds and gemstones are valued entirely apart from the gold, and their weight can inflate a "gold" weight if you do not account for them. Melt is the metal floor. Stones sit on top as a bonus, judged on their own.
Check the floor before you sell
Turning a weight and a karat stamp into a real melt figure at today's live CAD price is exactly what the free value tool is built to do. Enter the piece, its weight, and its karat, and the app pulls the current gold price, computes the metal value, and shows you the floor to measure any buyer's offer against, plus a sense of what each kind of buyer typically pays. It will not grade a designer piece or price a diamond, that is a separate job, but for the metal it hands you a straight answer in seconds.
The short version
Your gold's value in Canada today is grams times the karat fraction times the live CAD gold price per gram, where per gram is the per-ounce price divided by 31.1035. Run it and a 15-gram 22k bangle holds about CA$2,430 of gold at an illustrative CA$5,500-an-ounce price. There is no local gold rate, only the one national number, and it is your floor, not your payout, because a buyer pays a percentage of melt to cover refining and margin. Only .9999 investment forms clear the GST/HST exemption, so your jewelry lives in the taxed world. Test anything that might be plated, keep stones and craftsmanship in their own bucket, and check the floor before you sell. No hype, no hot tips, just the real number under the metal.