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WHAT IS THE PRICE OF 1 GRAM OF 24 KT GOLD?

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## Related Questions

###### Asked in Jewelry, Math and Arithmetic, Weight and Mass

### How many grams are in a fourteen karat necklace?

Karat is a unit for purity of gold,14 kt, 18 kt, 22 kt,24 kt
etc; while Gram is a unit of weight. This means you can measure the
weight in grams,as well as the purity (in karats) in a piece of
Gold jewelry or coin or what ever form.Weight is like 1 gram, 1
ounce, or milligrams,even 1 kilogram! 24 kt would then mean 99.9%
pure it is also called 999 purity. When one says 1 gram of 24
kt,999 purity it means there is one gram weight of the purest
gold,which gives us a unit price.

###### Asked in Business & Finance

### How much is 18kt gold per gram?

As far as I know, 18-kt gold is 18/24 or 75% pure gold.
18kt gold is 75% pure gold. Gold closed today at $1223.10 per
ounce. There are 31.10 grams per TROY ounce. So a little math here
will tell all: 31.10 (grams per ounce) divided by $1223.10 (price
per ounce of gold) equals 39.328 or $39.33 dollars per gram of pure
gold.
Now since you have 75% pure gold, take 39.33 (the price per gram
of PURE gold)and multiply by .75 (again, 18kt gold is 75% pure)
equals 29.497 or $29.50 per gram of 75%(18kt) gold. Yes a long
answer but now you can figure it for yourself when the price of
gold changes, and it does... daily.