Gold medals at the Paris Olympics are more expensive than ever before, with raw materials alone costing more than 900 euros this year due to skyrocketing prices. /nginx/o/2024/08/11/16284326t1h12e6.jpg)
Filipino gymnast Carlos Yulo with his gold medal. Photo: Federico Pestellini / DPPI / Panoramic / SIPA
Gold medals at the Paris Olympics are more expensive than ever before, with raw materials alone costing more than 900 euros this year due to skyrocketing prices.
Translation: Karoliina Vertyaeva
The medal contains six grams of gold, the price of which reached a record high in mid-July thanks to massive central bank purchases. The price of silver, which makes up at least 92.5% of the weight of gold medals, has also risen significantly this year, Bloomberg reports.
