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Subject:
Price of gold in grams
Category: Business and Money Asked by: perryparker-ga List Price: $10.00 |
Posted:
11 Jan 2006 13:18 PST
Expires: 28 Feb 2006 15:18 PST Question ID: 432156 |
In buying gold jewelery, is there a difference in the value of a 14kt gram of gold versus a 18kt gram of gold? How could I tell the value in terms of grams? I would like to invest in gold jewelery and need this information. | |
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There is no answer at this time. |
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Subject:
Re: Price of gold in grams
From: myoarin-ga on 11 Jan 2006 16:13 PST |
18 carat gold is 75% pure gold, 14 carat is 58.3% (pure gold is 24 carat). So one gram of 18 carat gold contains 3/4 of a gram of pure gold. The color depends on the choice of other metal(s) in the alloy. Neurogeek is entirely correct, the price of jewelry also depends on the production costs and markup of the seller. Look at this site: http://www.goldenmine.com/index.asp?PageAction=VIEWPROD&ProdID=412 The 16 inch chain of 14 carat gold weighs 8 grams and has a price of $ 135.52. 8 grams is about 1/4 ounce. The price of gold is about $550/ounce. So the chain has a gold content worth about 550/4 x 0.583 = ca $80. IF you have to pay sales tax, the difference is greater. Jewelry that requires more workmanship to produce will be more expensive relative to the gold content. |
Subject:
Re: Price of gold in grams
From: bobbyo222-ga on 01 Feb 2006 16:04 PST |
It is my understanding that 24 carat gold is "pure" gold...therefore, 14k gold contains 14/24, or 58.33% gold content. So, if gold is $560 an ounce, then considering that there are 28.375 grams in an ounce, each gram of gold would be worth $560/28.375 = $19.73...so, if you had a 40 gram 14k gold bracelet, the value would be figured this way: 40grams x .5833 = 23.332 grams of "pure gold", which is 23.332/28.375 =.8223 oz. of "pure gold", x $560 an oz, = $460.47 worth of "pure" gold. or, just multiply the 23.332 grams of pure gold by the aforementioned $19.73 per gram value of pure gold, equally the same number...$460.47... |
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