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Is there any difference between 1 gram of 18 K gold and 1 gram of 24 K gold?
Wiki User
∙ 16y ago
Yes, there is a difference between 1 gram of 18k gold and 24k gold. The difference between 1 gram of 18k and 24k gold are their purity as well as their worth. 24k(.999) gold is pure gold where as 18k(.750) isn't. You also have to know that the cost of a gram of gold is calculated first by knowing the price of a troy oz (oz) of gold. For example the price of one oz(31.1 grams) is $850 after you know how much the price is you divide the price of one oz by 31.1 grams giving you the cost of each gram after you do so if the gold is 24k then that is the cost per gram of 24k gold, if not you then take the answer you had for the 24k and multiple it for example to find the cost of 18k gold you multiple it by .750 and that is how much 1 gram of 18k gold costs.
$850 / 31.1 = $27.33 (cost of 24k gold)
$850 / 31.1 = $27.33 X .750 = $20.5 (cost of 18k gold)
24k(.999)
18k(.750)
14k(.585)
12k(.500)
10k(.417)
Wiki User
∙ 16y ago
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