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Gold is sold by its purity (Karat) and its weight The Karat (K) is the purity of the gold: 24K Gold = 1000 = 100% Gold 18K Gold = 750 = 75% Gold 14K Gold = 585 = 58.5% Gold........and so on By knowing the weight of the gold and the purity (Karat) you can determine how much mass is solid 24K gold and determine a price!!

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Q: Is gold sold per carat mass?
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The carat (abbreviation ct or Kt) is a measure of the purity of gold alloys. In the United States and Canada, the spelling karat is used, while the spelling carat is used to refer to the measure of mass for gemstones.Therefore 24-carat gold is fine (99.9 per cent Au w/w), 18-carat gold is 75 per cent gold, 12-carat gold is 50 per cent gold, and so forth.Historically, in England the carat was divisible into four grains, and the grain was divisible into four quarts.For example, a gold alloy of fineness (that is, 99.2 per cent purity) could have been described as being 23-carat, 3-grain, 1-quart gold.The carat system is increasingly being complemented or superseded by the millesimal fineness system in which the purity of precious metals is denoted by parts per thousand of pure metal in the alloy.The most common carats used for gold in bullion, jewellery making and by goldsmiths are:24 carat (millesimal fineness 999)22 carat (millesimal fineness 916)20 carat (millesimal fineness 833)18 carat (millesimal fineness 750)15 carat (millesimal fineness 625)14 carat (millesimal fineness 585)10 carat (millesimal fineness 417)9 carat (millesimal fineness 375)


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