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For 24K Gold:

1 troy ounce = 31.10 grams

17.5 grams = .5627 troy ounces

Multiply the price of gold by 0.5627 and you have your answer for 24KGold

Example, if gold is worth $1700.00 USD per ounce, 17.5 grams = $956.59 USD ($1700*.05627=$956.59153)

For 14K Gold (which is 14/24 pure) you must multiply this number by .5833.

Example ($1700*.05627)*(.5833)=$557.98

WHY? Gold purity is measured on a scale of 24 karats. Pure Gold is 100% gold, or 24/24. 18 K gold is 75% gold (18/24) and 14K gold is not quite 60% gold. .5833 is the amount of gold in 14K gold (58.33% gold 41.67% not gold). 10K gold is 41.6% gold

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13y ago

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