How Much Does A Gold Medal Won At Paris Olympics Cost? Know Here

Paris Olympics 2024: The 2024 Paris Olympics is in full swing currently, where athletes from all over the world are showcasing their skills and are aiming to clinch the gold medal. Although the importance of winning a gold medal is unmatched, its financial value might surprise a lot of people.

As per the latest Instagram post shared by Success Adictives, the cost of the gold medal of the Paris Olympics 2024 is $950. The post also shared that all the gold medals are made up of 500 grams of silver and it has only six grams of gold. French jeweler Chaumet designed these medals, which emphasize the French heritage and the Olympic spirit.

The post added, "The 2024 Paris Olympic gold medal carries both historical and monetary value. Each gold medal is primarily composed of around 500 grams of silver and coated with only six grams of gold. Designed by the renowned French jeweler Chaumet, the medals also feature intricate details that symbolize French heritage and the Olympic spirit, but its actual value is not as high as you might think."

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It further revealed that a gold medal usually weighs around 529 grams, where 95.4% comprises silver. If these medals were purely made of gold, then they would have cost around $41,161.50. The last time a pure Olympic gold medal was made was back in 1912.

The Olympic gold medallists usually value these medals beyond any financial worth. It's due to the effort and dedication they put in to win these medals.

The International Olympic Committee generally regulates that these Olympic gold medals should include at least 95.4% silver (505 grams) and should include just six grams of pure gold.

It should be noted here that the iron, which is being used to make these medals is extracted from the Eiffel Tower. As per Oxford Economics, the prices of gold, silver, and iron combined are the actual price of the 2024 Paris Olympic gold medal, which is estimated at $1,027.

The price of the Paris Olympic 224 silver medal is $535 and that of the bronze medal is $12. The intrinsic value of these medals is nothing compared to the honor and achievement they mean to the athletes, who win them.