European jewellery metal reference
Today’s indicative gold, silver and platinum spot prices in euros per gram, together with common jewellery finenesses used by workshops across Europe.
Gold
Au€122.65/g
Fine gold · 999.9 / 24k
Gold 750 · 18k€91.99/g
Silver
Ag€1.86/g
Fine silver · 999
Sterling · 925€1.72/g
Platinum
Pt€50.59/g
Fine platinum · 999.5
Platinum · 950€48.06/g
Indicative spot reference checked 19 Sep 2026, 23:06 WEST. Values show theoretical metal content only and exclude supplier premiums, fabrication loss, refining, taxes, labour, stones and commercial margin.
How precious metal prices are quoted in Europe
There is no European equivalent of Brazil’s PTAX for precious metals. International wholesale markets normally quote gold, silver and platinum per troy ounce. In Europe, the practical reference is then expressed in euros and converted to a price per gram for jewellery costing.
The institutional London benchmarks are administered by ICE Benchmark Administration and associated with the LBMA for gold and silver, and the LPPM for platinum-group metals. Those benchmark datasets are licensed. This page does not republish the LBMA or LPPM fixings: the live figures above are an independent indicative spot reference supplied in euros by Gold API.
From a troy ounce to one gram
Precious metals use the troy system. One troy ounce equals exactly 31.1034768 grams. Because the source already provides an indicative EUR price per troy ounce, no separate currency conversion is required.
The page applies that formula to fine metal and then multiplies the result by the fineness of each common jewellery alloy.
Fineness and jewellery alloys
Fineness states how many parts of pure precious metal are present in 1,000 parts of alloy. A theoretical metal-content value is useful for comparison and preliminary costing, but it is not the price at which a refiner, bullion dealer or supplier must sell the alloy.
- Au 999.9
- Fine gold, commonly described as 24 karat.
- Au 750
- 18 karat gold: 75% fine-gold content.
- Ag 999
- Fine silver reference.
- Ag 925
- Sterling silver: 92.5% fine-silver content.
- Pt 999.5
- Fine platinum reference.
- Pt 950
- Platinum alloy with 95% fine-platinum content.
Why this is not the final price of a jewel
Metal content is only one part of jewellery costing. A professional quotation can also include the supplier premium, alloying metal, refining and assay, casting or fabrication loss, scrap recovery, labour, stone setting, gemstones, tax, risk, overhead and margin.
Use the figures as a transparent daily reference, never as a guaranteed purchase price, sale price, investment quote or finished-jewellery quotation.
Update schedule, sources and methodology
The system checks the source every hour and keeps a last-known-good value if the provider is temporarily unavailable. Whenever previous data is shown, the status and timestamp remain visible so an older figure is never presented as current.
Live indicative data: Gold API (terms of service). Market structure and benchmark information: ICE Benchmark Administration and LBMA.
Indicative spot reference · 19 Sep 2026, 23:06 WEST
Frequently asked questions
Is this the LBMA Gold Price?
No. The LBMA benchmark is a licensed institutional fixing. This page uses an indicative spot reference from Gold API and labels it accordingly.
Why does a supplier’s price differ?
Suppliers add premiums and may include fabrication, logistics, financing, insurance, taxes, minimum-order effects or different market timestamps.
Can I calculate 18k gold by multiplying fine gold by 0.75?
That gives the theoretical fine-gold content of Au 750. A real alloy or finished piece will cost more once the remaining metals, process losses, labour and commercial factors are included.