How much is 1 kilo of gold worth? Fast facts amid Menendez indictment

The ubiquity of smart apps like Zelle and Apple Pay can make wealth seem ethereal, mere numbers passed from one screen to another. But riches come in many forms − sometimes even solid gold.

The public was reminded of that this week with the announcement that more than $100,000 in gold bars were found at Sen. Bob Menendez, D-N.J.

Menendez and his wife Nadine Arslanian Menendez have been indicted and charged with corruption for allegedly accepting bribes in the form of cash, gold, mortgage payments and a Mercedes-Benz. The indictment and charges come in connection to a “corrupt relationship with three New Jersey businessmen,” according to a statement from the U.S. attorney in New York.

Here’s everything you need to know about the monetary and weight equivalent of a bar of gold.

How much is a kilo of gold?

A kilogram of gold is worth about $62,000 today, according to live price tracking site Goldprice.org. A kilogram of silver is worth about $760.

More than $100,000 in gold bars were found at Menendez’s home, according to the indictment. In March 2022, Nadine Menendez sold two, one-kilogram bars to a jeweler. At today’s current price, that would equal about $124,000.