How do I value a gold holding?

Multiply the weight you hold by the current gold price per unit (per ounce or gram). Gold is usually priced in US dollars, so for an NZ value you also need the exchange rate, or use an NZD gold price.

Does gold earn income?

No. Gold pays no dividend or interest; your return is only the change in its price. That makes it different from shares or term deposits, and is why it is often held as a hedge or diversifier rather than for income.

Gains on gold bought with the intention of resale can be taxable. The rules depend on your circumstances, so get tax advice for a significant holding. This calculator shows the pre-tax gain only.

Gold Investment Calculator

This calculator works out the current value and investment return of a gold holding in New Zealand, whether you hold coins, bars or an allocated account. Unlike shares or term deposits, gold pays no dividend or interest, so your entire return comes purely from the change in its price, worth tracking separately from income-generating investments. You enter four figures: the weight you hold, the price per unit you paid when you bought it, the current price per unit, and the number of years you have held it. From these the calculator returns the current value of your holding, the gain or loss in dollar terms, your total return as a percentage, and your return per year, so you can compare gold against other assets on a like-for-like basis. To get an accurate result, make sure your buy price and current price use the same unit, whether that is a troy ounce or a gram, and convert to New Zealand dollars if your price is quoted in US dollars. Use the tool to check how a holding has performed, to decide whether to sell, or to compare gold's return against a term deposit or share portfolio over time. Keep in mind that gains on gold bought with resale in mind can be taxable depending on your circumstances, and this is a price-return estimate only, not financial or tax advice.

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Weight held (units)

Buy price per unit

Current price per unit

Years held

current value of your holding

Gain or loss$0

Total return0%

Return per year0%

Enter the price in the same unit you hold (ounce or gram) and in NZD. Gold pays no income, so this is price return only. Gains may be taxable depending on your intention; get tax advice. Estimate only, not financial advice.

How it works

The calculator multiplies your weight by the current price for the value, and by your buy price for the cost. The difference is your gain or loss; dividing it by the cost gives the total return, and spreading that over the years held gives an approximate annual return. Because gold earns no income, this price-based return is the whole story, unlike a dividend-paying share.

Worked example

10 units bought at $2,800 cost $28,000; now worth $3,600 each, the holding is $36,000, a gain of $8,000 (about 29% total). Over 3 years that is roughly 8.7% a year, all from the price rise.

Related calculators

ROI Calculator: return on investment.
CAGR Calculator: annual growth rate.
Investment Calculator: investing growth.
Real Return Calculator: return after inflation.

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