Q:

How much is 14 karat gold worth?

A:

Quick Answer

According to GoldCalc.com, using the price of gold as of June 3, 2014 ($1,244 per ounce), 1 gram of 14 karat gold is worth $23.33. The price of gold varies depending on the state of the economy and supply and demand.

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Full Answer

The karat unit of measurement is a form of measuring the purity of gold out of 24 parts. Therefore, 24 karat gold is 24/24 (99.95 percent or greater purity), 18 karat gold is 18/24 gold and 6/24 another metal, and so forth. Gold also has a long history as a monetary unit and investment resource. Investors often buy gold to diversify risk.

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Related Questions

  • Q:

    Where can you find the price of 24 karat gold?

    A:

    The website GoldPriceOz.com maintains an up-to-date listing of the current market value of 1 ounce of 24 karat gold. GoldCalc.com features a calculator tool that allows users to estimate how much the scrap gold they have on hand is worth.

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  • Q:

    Is 10k or 14k gold better?

    A:

    In terms of composition, 14k gold contains a larger quantity of actual gold than 10k gold. A piece of 14k gold contains 14 parts gold and 10 parts other metals, while 10k gold has 10 parts gold and 14 parts other metals. However, other aspects must be considered to determine what type is best for an individual.

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  • Q:

    What does 14k gold mean?

    A:

    Fourteen-karat gold is gold that has been alloyed with equal parts silver and copper in order to provide additional durability and rigidity in jewelry, with the final product containing 58.3 percent gold, by volume. This same practice is applied to many gold products, because pure gold is too soft to be used as jewelry or other products.

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  • Q:

    What determines the value of gold per ounce?

    A:

    Several factors can increase the value of gold such as a depreciating US dollar, increased inflation rates, a higher demand for gold and during times of natural disaster and political strife. The value of gold tends to decrease when short-term interest rates rise.

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