In the electronics manufacturing industry, Electroless Nickel Immersion Gold (ENIG) is a premium surface finish for
printed circuit boards (PCBs), valued for its exceptional solderability, corrosion resistance, and signal stability. As global gold prices remain at a historical high in 2026, ENIG costs have become a critical factor in PCB manufacturers’ cost-control strategies. This article provides a precise calculation of the pure gold cost, processing fees, and total expense for 1 square meter of PCB, offering practical insights for industry professionals based on universal standards and market trends.

PCB ENIG Cost Calculation: Exact Gold Cost & Total Expense per Square Meter
I. Core Assumptions for PCB ENIG Cost Calculation (Industry Standards)
ENIG cost accounting follows unified industry pricing rules, with core parameters set based on mainstream production scenarios:
PCB Specification: 1 square meter double-sided board (standard size for consumer electronics, industrial control, and other applications)
Gold-Plated Area Pricing Rule: PCB manufacturers set a minimum billing ratio of 20% (i.e., if the gold-plated area accounts for ≤20% of the total area of both PCB sides, it is billed at 20%; for ratios exceeding 20%, pricing is adjusted proportionally). This article uses the 20% threshold for calculation.
Gold Thickness: 2 microinches (2μin), equivalent to 0.0508μm (conversion basis: 1 microinch = 0.0254μm). This thickness meets the IPC-4552 Class 2 standard, balancing performance and cost efficiency.
Gold Density: Industry standard value of 19,300 kg/m³ (19.3 g/cm³), using industrial-grade gold with a purity of ≥99.9%.
Current Gold Price: 1,000 CNY/g (market reference price in January 2026, subject to fluctuations driven by global economic conditions and geopolitical factors).
Exchange Rate: 1 CNY ≈ 0.1427 USD (central parity rate announced by the China Foreign Exchange Trade System on January 15, 2026).
Processing Fee Standard: 90 CNY/m² (covering gold salt conversion, nickel plating underlayer, process handling, etc., excluding pure gold cost).
II. Calculation of Pure Gold Cost for 1 Square Meter ENIG PCB (Step-by-Step Precision)
(1) Core Formulas
Pure Gold Cost = Gold Consumption × Gold Price
Gold Consumption (g) = Gold-Plated Volume (m³) × Gold Density (g/m³)
Gold-Plated Volume = Actual Gold-Plated Area × Gold Thickness
(2) Detailed Calculation Process
Actual Gold-Plated Area Calculation: Total PCB area (1 m²) × 20% billing ratio = 0.2 m²
Unit Conversion: Gold thickness 0.0508μm = 0.0508×10⁻⁶ m (ensuring unit consistency for volume calculation)
Gold-Plated Volume Calculation: 0.2 m² × 0.0508×10⁻⁶ m = 1.016×10⁻⁸ m³
Pure Gold Consumption Calculation: 1.016×10⁻⁸ m³ × 19,300,000 g/m³ ≈ 0.196 g (exact value: 0.196088 g)
Pure Gold Cost Calculation:
CNY: 0.196 g × 1,000 CNY/g = 196 CNY/m² (exact value: 196.09 CNY/m²)
USD: 196 CNY × 0.1427 USD/CNY ≈ 27.97 USD/m² (exact value: 27.98 USD/m²)
III. Total ENIG Cost Composition for 1 Square Meter PCB
Total ENIG Cost = Pure Gold Cost + Processing Cost. The processing cost includes the following key supporting expenses:
Pure Gold Cost: 196 CNY/m² (accounting for 68.5% of the total cost)
Processing Cost: 90 CNY/m² (accounting for 31.5% of the total cost), covering:
Gold salt conversion fee (covering material loss and process cost of converting gold into ENIG solution; notably, gold-to-gold-salt conversion and ENIG plating involve highly toxic chemicals, requiring strict internal and external management protocols throughout production, transportation, processing, and storage, with substantial associated management costs incorporated in this fee item)
Nickel plating underlayer fee (100 microinch nickel layer to ensure gold layer adhesion and corrosion resistance)
Pre-treatment and post-treatment fees (copper surface cleaning, coating inspection, ion cleaning, etc.)
Equipment depreciation and environmental compliance costs (RoHS compliance testing, wastewater treatment, etc.)
Total Cost Summary
CNY: 196 CNY/m² + 90 CNY/m² = 286 CNY/m²
USD: 27.97 USD/m² + (90 × 0.1427) USD/m² ≈ 27.97 + 12.84 = 40.81 USD/m²
IV. Industry Insights & Key Considerations
Impact of Thickness on Cost: For every 0.025μm increase in gold thickness, the pure gold cost rises by approximately 49 CNY/m² (based on current gold prices). However, the thickness should be controlled within the 0.05–0.1μm range; excessive thickness may cause solder joint embrittlement, while insufficient thickness increases the risk of black pad defects.
Gold Price Volatility Risk: In 2026, global gold prices are poised to rise further, driven by Federal Reserve monetary policies and geopolitical tensions. PCB manufacturers are advised to lock in costs through long-term procurement agreements or hedging strategies.
Avoiding Area Pricing Disputes: When cooperating with PCB manufacturers, clarify the gold-plated area measurement standard (calculated based on solder mask opening area) to prevent cost disputes caused by inconsistent pricing methods.
Alternative Process Comparison: For cost-sensitive projects, a hybrid process of Organic Solderability Preservative (OSP) + selective ENIG can reduce overall costs by 15%–20% without compromising core performance.
V. Frequently Asked Questions (FAQ)
Q1: Is the 20% minimum billing ratio for gold-plated area a universal industry standard?
A1: Yes, most PCB manufacturers adopt 20% as the minimum billing threshold. This is because ENIG involves fixed costs such as equipment debugging and bath solution loss, which must be covered even for small gold-plated areas.
Q2: Why does pure gold cost account for such a large proportion of total ENIG costs?
A2: Gold prices are at a historical high in 2026, and ENIG requires high-purity gold (≥99.9%). Additionally, the gold salt conversion process incurs approximately 2% material loss, resulting in pure gold costs accounting for 60%–80% of total ENIG expenses.
Q3: How to verify if the gold layer thickness provided by the manufacturer meets the standard?
A3: Request the manufacturer to provide an X-Ray Fluorescence (XRF) spectroscopy test report. This non-destructive testing equipment can measure gold layer thickness with an error margin of ≤±10%, complying with the IPC-6012F industry standard.
Q4: Is there a significant cost difference between ENIG and electroplated gold processes?
A4: Yes, the difference is substantial. ENIG is a chemical deposition process with a uniform and thin gold layer (typically 0.05–0.1μm), suitable for mass-produced standard products. Electroplated gold is an electrolytic process that can achieve thick gold layers (≥1μm), but its pure gold consumption is more than 10 times that of ENIG, making it far more expensive. It is only used for high-reliability military and aerospace products.
Q5: Is there room for negotiating ENIG processing fees when purchasing PCBs in bulk?
A5: Yes. For orders exceeding 1,000 m², manufacturers can reduce processing fees by 10%–15% by allocating fixed costs such as equipment debugging and bath maintenance. For long-term annual framework agreements, some manufacturers also offer preferential tiered pricing.
VI. Core Keywords
PCB ENIG Cost
Circuit Board Gold Plating Pricing
PCB Surface Finish Cost
ENIG Process Expense
PCB Pure Gold Cost
Conclusion
In 2026, the pure gold cost for 1 square meter double-sided PCB (20% gold-plated area, 2μin thickness) is 196 CNY (≈28 USD), with a total ENIG cost of approximately 286 CNY (≈40.81 USD). Pure gold cost is the primary component of ENIG expenses, highly susceptible to gold price fluctuations. When selecting surface finishes, PCB manufacturers should optimize gold thickness parameters based on application scenarios (e.g., thin gold for consumer electronics, thick gold for aerospace products) and control cost risks through standardized pricing and flexible process selection.
For customized cost calculations (e.g., different gold-plated areas, thicknesses, or gold price scenarios), feel free to leave your specific parameters in the comments, and we will provide a precise cost breakdown!