How is the Krugerrand price calculated?
What counts is the fine gold the coin contains, not its weight on the scale. A one-ounce coin weighs 33.93 grams, of which 31.1 grams are pure gold and the rest copper. We value this fine gold at the current market price in euros and pay 97 % of that for every size.
The gold price is quoted per troy ounce on the market, that is per 31.1035 grams, and converted into a price per gram for buying. Read more in our glossary under Troy ounce and Spot price.








