The Paris 2024 Olympic gold medal holds significant historical and symbolic value, but its monetary worth might surprise you. Weighing 529 grams, the medals are primarily composed of silver—95.4% to be exact—with only a thin layer of gold coating, just six grams in total according to Forbes.

If these medals were made entirely of gold, their value would skyrocket to approximately $41,161.50. However, the actual cost to produce one is about $950. This design approach isn’t new; the last time pure gold medals were awarded was way back in 1912.

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The medals were designed by the esteemed French jeweler Chaumet. They feature details that celebrate French heritage and the Olympic spirit.

Despite their limited gold content, these medals are still regarded as a coveted prize rather than just material value.

Chioma Onuh is a journalist, social media manager and SEO specialist with over five years of experience in digital storytelling and audience engagement. She writes clear, human-centred stories and profiles, and currently manages digital content and strategy at BusinessDay.

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