"The 2026 Winter Olympic Games kick off in Italy on Friday, with top athletes from across the world competing for not just any prize, but for the most expensive medals in Olympics history. The Milano Cortina-based games come as the value of precious metals have skyrocketed, most notably gold and silver. Gold was worth about $2,500 per ounce when the Paris Summer Olympics took place in 2024."
"At time of writing, a rough calculation shows that each gold medal is worth about $2,176-up from about $900 in Paris. Meanwhile, a silver medal is valued at about $1,245, based on the metal's current worth. Notably, the Olympic gold medals haven't been pure gold in over 100 years, as CNN previously reported. Instead, they are now made up of 500 grams of silver and just six grams of gold. The silver medal is solely made of 500 grams of, well, silver."
The 2026 Winter Olympic Games begin in Italy with Milano Cortina hosting top international athletes. Precious-metal prices have surged, with gold rising from about $2,500 per ounce in 2024 to just over $4,800 per ounce and silver increasing from around $28 to about $77 per ounce. Both metals recently reached higher record peaks before retreating. Each Olympic gold medal contains 500 grams of silver and six grams of gold, yielding an estimated material value of about $2,176 per gold medal and about $1,245 per silver medal. A total of 735 Olympic and 411 Paralympic medals will be awarded. Each medal measures 80 millimeters across and 10 millimeters thick.
Read at Fast Company
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