How much gold is in a 2024 Olympic gold medal and what is one worth?

Medal winners at the Paris 2024 Olympic Games surely don't care about the monetary value of their awards because in their minds they're priceless.

Jul 30, 2024; Paris, France; Simone Biles of the United States celebrates with her gold medal after the women’s team final at the Paris 2024 Olympic Summer Games at Bercy Arena. Mandatory Credit: Jack Gruber-USA TODAY Sports / Jack Gruber-USA TODAY Sports

Olympians who've earned gold medals at the Summer Games likely couldn't care less about what we're going to tell you: They're not, technically, monetarily, worth that much.

But, to them, they're absolutely invaluable.

And that's fair and understandable.

However, if you had to put a price tag on the grandaddy of them all, a gold medal, it's not that impressive -- even though the effort to win one definitely is.

The surprising fact is: gold medals are made mostly of (gasp!) silver?!

That's right, sports fans.

According to International Olympic Committee regulations, the Olympic gold medals, which weigh 529 grams, must be made out of at least 95.4% silver (505 grams). Then, they're plated with six grams of pure gold and 18 grams of iron.

But not just any old iron. No sir. Iron from the Eiffel Tower. You read that right. You can read more about that here.

So, according to Oxford Economics which factored in the current prices (as of July 24) of gold, silver and iron, the top Paris Olympic prize is worth ... drumroll ... $1,027.

Gold prices are at an all-time high — and so is the value of an Olympic gold medal. But they may not be worth as much as you think.https://t.co/DHrfWUIKJT

— Money (@Money) July 31, 2024

But good luck buying a Paris 2024 Olympics Games medal at that price.

And, in case you were wondering a silver medal is worth about $535.

And the bronze? Approximately $12.

But that's all relative when you finish first, second or third in the world for your specific sport.

Hey, here are a couple of fun trivia facts for you and your friends.

1) If the gold medal was made of pure gold, it would be valued at approximately $41,161.50.

2) The last time pure gold medals were presented at the Olympics? 1912.

In closing, how much do you think Simone Biles -- or bronze medalist Suni Lee, for that matter -- cares about any of these figures after what she's just accomplished? Nothing.

— Enjoy free dish of rich and fabulous players with The Athlete Lifestyle on SI —

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