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

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    Where can you find the price of 10-karat gold?

    A:

    The price of 10-karat gold is available on CoinApps.com and GoldPriceOz.com. Both sites are regularly updated to display the most recent price of 10-karat gold per ounce.

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    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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    Is 10k or 14k gold better?

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    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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    What retailers buy gold per ounce?

    A:

    GoldPaq, GoldKit and Cash4Gold are some of the companies that buy gold by the ounce through the mail. In addition to these national companies, most urban areas have local pawn shops and agents that specialize in buying gold, and these establishments allow customers to sell in person.

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