3332) How Much Gold and Silver is in Olympic Medals?

3332) How Much Gold and Silver is in Olympic Medals?

2024 Paris Olympic medals:

As most people realise, the gold medals handed out to the winners of the competitions in this year’s Olympic games were not made of solid gold. 

The August 2024 edition of Silver News, published by The Silver Institute, provides the actual metal content of the Olympic gold, silver, and bronze medals. 

According to the International Olympic Committee, gold medals were made of solid gold through 1912.

The gold medals for this year’s winners contain 523 grams of sterling silver (.925 fineness) coated with six grams of pure gold. 

On a troy-ounce basis, the gold content is 0.0192926 of an ounce, and the silver content is 15.5555 ounces. At current prices, the metal value of the gold medals exceeds $500. 

The Olympic silver medals are made of 525 grams of sterling silver, meaning a content of about 15.615 troy ounces of silver. That currently has a metal value of around $460.