New Delhi: Are you aware that Olympic gold medals usually are not made fully of gold? Sure, it’s true! This medal weighing 529 grams comprises solely 6 grams (1.3%) of actual gold. The remaining is manufactured from silver. The medal is roofed with a layer of gold on high. The gold medal of Paris Olympics 2024 additionally comprises solely 6 grams of gold. The remaining is silver. Based on Oxford Economics, the worth of this medal is 950 euros (about Rs 85,928). It’s anticipated to succeed in 1,500 euros by 2032. Right here we’re telling you about Olympic medals, their worth and their historical past. Earlier than the First World Warfare, Olympic gold medals had been largely manufactured from gold. However, after the conflict, the quantity of gold was decreased to scale back the price. For the reason that 1920 Antwerp Video games, the quantity of actual gold in Olympic gold medals has been lowering. Silver medals are made fully of silver. Then again, bronze medals are created from a mix of copper, tin and zinc.
What’s the worth of a gold medal?
Based on Oxford Economics, the worth of a Paris 2024 Olympic gold medal is 950 Euros (roughly ₹85,928). This value is based on the market value of 24 carat gold and sterling silver.
The Paris 2024 gold medals are particular for a lot of causes. These additionally embrace a chunk of iron faraway from the unique construction of the Eiffel Tower. This historic piece, which was eliminated throughout a number of repairs of the tower, was preserved by the officers. Now it has been embedded within the medal together with the image of Paris 2024.
Who has designed the medals?
Paris 2024 officers and famend French jewelry and watchmaker Chaumet labored collectively to design the medals. Chaumet’s legacy spans greater than two centuries. Oxford Economics estimates that the worth of Olympic gold medals will enhance considerably over time. They could possibly be price as much as 1,500 euros by the 2032 Brisbane Summer time Video games. This highlights how these medals usually are not simply sporting awards, but additionally a priceless treasure.