How much does a gram of 14-carat gold cost?
Price of 14-carat gold: how much does a gram cost?
Since time immemorial, gold has symbolized wealth and prestige. But there’s more to gold jewelry than its weight in grams. Whether for a wedding band, a ring or a simple chain, the purity of the gold (indicated in carats) is a crucial criterion. The price of a gram of 14-carat gold is influenced by several factors, including the price of gold on world markets, the composition of the alloy, and the craftsmanship involved in its manufacture. Here’s a complete guide to understanding all these aspects!
What is a carat in gold?
The carat is a measure of gold purity used in jewelry, where one carat represents 1/24th of the total mass of the gold alloy. Thus, a gold alloy with a high carat number contains a higher percentage of pure gold.
14-carat gold, commonly used in the USA and Eastern Europe, is composed of 57.5% pure gold, also known as 575 thousandths gold. This composition is essential in determining the price per gram of 14-carat gold.
Internationally, 22-carat gold is also available. In France, 18-carat gold with 75% pure gold is more common, although 9-carat gold with 37.5% pure gold has recently made its appearance. On the other hand, 24-carat gold (which is almost pure) is mainly used for investment purposes, in the form of gold coins and bars.
Different carats of gold, with varying levels of pure gold, have different values on the gold buying and selling market. The calculation of the price per gram of 14-carat gold is based on the international gold price. It is possible to track the price per gram of 14-carat gold in real time (a key piece of information for thebuying and selling gold), updated every two minutes during the opening hours of the official gold and commodities market.
Price per gram of 14-carat gold: calculation method
Value of 14-carat gold
To estimate the value of a gram of 14-carat gold, you need to follow a specific procedure. First, divide the price of gold per kilogram by 1,000 to obtain the price of one gram of pure gold. Then multiply this amount by the percentage of pure gold contained in 14-carat gold, which is 57.5%.
The formula then becomes: (Price of gold per kg / 1,000) * 0.575 = Price per gram of 14-carat gold.
Let’s illustrate with an example: if the price of a kilogram of gold bullion is €50,000, the price of a gram of pure gold is calculated as follows: 50,000 / 1,000 = €50 per gram. As 14-carat gold is 57.5% pure gold, the value of a gram of 14-carat gold is 50 * 0.575 = €28.75.
It is important to note that this value is only indicative and does not represent an actual purchase or resale price for 14-carat gold. Other factors must be taken into account to determine the actual price! Each calculation must be adapted to the weight of the goldto obtain the price of 18-carat gold or the price of 24-carat gold.
Redemption prices for 14-carat gold jewelry
To determine the buy-back price of 14-carat gold, several factors need to be taken into account. 14-carat gold jewelry is often assembled or repaired using solder with a low gold content. In addition, components such as steel may be present in the springs, clasps, screws or pins of bracelets, which also influence the overall value.
In addition, the process of extracting pure gold from the alloy may entail certain losses, particularly during melting and in terms of the gold restitution rate. These losses reduce the average gold recovery rate to around 54% for 14-carat gold jewelry (14 KT). The price per gram of 14-carat gold is calculated as follows: if the price per gram of pure gold is €50, this amount is multiplied by 54%, giving €27.
You can apply the same formula to estimate the price of 9-carat gold or the price of 22-carat gold Simply adjust the percentage to the weight.
Redemption price for a gram of 14-carat gold: factors to consider
Estimating the price of a gram of 14-carat gold involves taking several essential factors into account. First of all, the carat number indicates the purity of the gold in a piece of jewelry. 14-carat gold is a popular choice for jewelry such as necklaces, rings and bracelets, offering a very good balance between durability and value.
The price of 14-carat gold is highly dependent on the current market price of gold. This price fluctuates daily and is quoted in EUR per gram. For specific jewelry items, such as a 14-carat white gold wedding ring, the value can be influenced by the craftsmanship, brand and design details.
The gold redemption process is another important aspect. Jewelers and gold dealers consider the purity of the gold, the weight in grams, and the current condition of the jewelry to determine their buy-back offer. All these factors add up to determine the true market value of 14-carat gold jewelry.
Where to buy and sell 14-carat gold?
If you’re thinking of buying gold or selling jewelry, Les Métaux Précieux offers a reliable and secure service for gold jewelry transactions. Our specialists will fairly assess the value of your 14-carat gold, taking into account current gold prices and market trends.
We look forward to welcoming you to our Paris premises to examine the pieces you wish to sell. And if you’re wondering how to buy goldDon’t worry: we also offer our expertise to help you invest in gold, an effective strategy for protecting your savings against inflation. Take advantage of our top-quality service to buy and sell your 14-carat gold, as well as your gold investments, at competitive rates.
Our team of gold experts is at your disposal to provide personalized advice and tailor-made support for all your 14-carat gold transactions. Come to our branches for a free appraisal of your 14-carat gold jewelry, or to discuss the resale of antique jewelry or unused gold. Our experienced professionals are here to guide, advise and inform you in detail.
We recycle your gold, and you benefit from a precise estimate of the price per gram of 14-carat gold. By choosing Les Métaux Précieux, you can be sure of privileged access to the gold market under the most favorable conditions!