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At 19:30 local time on 26 July, the 33rd Summer Olympics will kick off on the River Seine in Paris, France. As the first Summer Olympics in the post-pandemic era, Paris Olympics are the largest sporting event in the last five years and are expected to attract 4 billion TV viewers and 13 million live spectators worldwide.
According to data released by the International Olympic Committee(IOC), 5,084 medals were produced for the Paris 2024 Olympic and Paralympic Games. It’s worth pointing out that in addition to the usual metals such as gold, silver and copper, each medal also incorporates an original fragment of France’s Eiffel Tower weighing about 18 grams.
The price of gold hit a record high earlier this month. If you calculate based on the price of gold at $2,400 per ounce and silver at $29 per ounce. It is not really difficult to calculate how much the metals in each Paris Olympic medal are worth.
Firstly, there is the Olympic gold medal, which actually consists mainly of pure silver with 6 grams of gold plated on the surface. 2024 Paris Olympic Games gold medal weighs 529 grams with 505 grams of silver and 18 grams of iron. Therefore, the value of the metal contained in a gold medal itself is approximately $932 based on recent gold and silver trading prices.
The silver medal weighs 525 grams, of which 507 grams are pure silver, making the value of an Olympic silver medal itself approximately $471.
The bronze medal weighs 455 grams and consists of 415 grams of copper, 22 grams of zinc and 18 grams of iron. As both copper and zinc cost less than $5 per pound, the bronze medal itself is not worth much compared to the gold and silver medals, but is prized for its immense symbolism.
In 1907, the International Olympic Committee (IOC) made a requirement for the composition of gold medals: modern Olympic gold medals must contain at least 92.5 per cent pure silver and a minimum of 6 grams of pure gold. Athens, London and other Olympic gold medals contain 6 grams of gold, while the Beijing Olympic Games ‘gold and jade’ medals contain about 6.5 grams of gold.
In addition, the 2024 Paris Olympic Games, the number of medals predictions show that the United States will win the most medals, a total of 123, including 37 gold, 34 silver and 52 bronze medals. China is close behind with a projected 87 medals, specifically 36 gold, 29 silver and 22 bronze medals.
