Q:

How much is 14 karat gold worth?

A:

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.

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.

Sources:

  1. goldcalc.com

Is this answer helpful?

Similar Questions

  • Q:

    What is the difference between 10-karat and 14-karat gold?

    A:

    The major difference between 10- and 14-karat gold is the amount of gold contained in each. They are both considered gold alloys, which means a mixture of gold and other metals. Pure gold is 24 karats; 10-karat gold contains 10 parts gold and 14 parts other metals; 14-karat gold contains 14 parts gold and 10 parts other metals.

    Full Answer >
    Filed Under:
  • 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.

    Full Answer >
    Filed Under:
  • Q:

    Why is gold so expensive?

    A:

    Gold is expensive because there are limited quantities available. In addition, it is expensive to produce, which also drives up the overall cost.

    Full Answer >
    Filed Under:
  • Q:

    Why is gold so precious?

    A:

    Hard to find in nature and durable enough to remain in perfect condition for centuries, gold is unlike any other metal in the periodic table. It has been used as currency and as a means to display wealth and power for centuries, particularly among royalty historically.

    Full Answer >
    Filed Under:

Explore