Olympics Games: How much pure Gold is there in the Olympics gold medal?

NEW DELHI: The 2024 Paris Olympics are fast approaching, and with them come the coveted medals that athletes from around the world will be vying for. The International Olympic Committee awards three types of medals: gold, silver, and bronze. These medals appear to be quite hefty, but just how solid and valuable are they?
While Olympic gold medals may seem to be made entirely of gold, they are actually composed primarily of silver, with a composition of 92.5 percent silver.However, they are plated with six grams of pure gold, adding a touch of authenticity to their appearance.
As confirmed by an International Olympic Committee spokesperson to Newsweek in 2021, "The medals for first and second places shall be of silver of at least 925–1000 grade; the medal for first place shall be gilded with at least 6g of pure gold."
This means that silver medals are essentially gold medals without the additional gold plating. Bronze medals, on the other hand, are made from a combination of 95 percent copper and 5 percent zinc.
When it comes to the intrinsic value of Olympic medals, they are generally not worth a significant amount based on the materials they are made from.
However, this year's medals, designed by Chaumet, a company of the LVMH Group, and adorned with an original piece of the Eiffel Tower, may have a slightly higher value.
According to NBC Sports, the gold medals at the 2024 Summer Olympics are estimated to be worth between $750 and $850, with approximately $350 worth of gold and $400 worth of silver in each medal, totalling around $750.64 in metal value.
CNN reports that a silver medal could be valued at about $450, while a bronze medal's worth is approximately $5.
It is important to note that the true value of Olympic medals lies in their immense historical and sentimental significance, making their material worth relatively insignificant in comparison.