The true value of a gold medal earned through years of dedication and hard work is difficult to measure. However, the material value of a gold, silver, or bronze medal can be assessed before it is awarded to any athlete.
As reported by Geo News, the 2024 Olympic Games are currently taking place in Paris, France. Where athletes are being recognized with medals for their exceptional performances.
In the javelin throw event, Pakistani athlete Arshad Nadeem secured a gold medal, marking Pakistan’s first Olympic gold in 40 years.
But how much gold is actually in the Olympic gold medals?
According to Forbes, the gold medal awarded at the 2024 Olympics weighs 529 grams. However, it comprises 95.4% (505 grams) silver, 18 grams of iron and only 6 grams of actual gold.
Forbes also notes that, based on the market prices of gold, silver, and iron as of July 24th. The total value of the gold medals at the Paris Olympics is approximately $950.
This means that the gold value in Arshad Nadeem’s medal is around PKR 260,000 in Pakistani currency.
