What is the price per gram of 22-carat gold?
Price of 22-carat gold: how much does a gram cost?
The “gold carat” is a key measurement in the jewelry world, indicating the purity of solid gold. The higher the carat number, the more pure gold the alloy contains! Among the different types, 22-carat gold (or 916.6 thousandths gold) is a common choice for high-end jewelry. So, how much does a gram of 22-carat gold cost? In this article, we take a closer look at the differences in purity that influence the value of gold, particularly when buying and selling.
The price of a gram of 22-carat gold: calculation method
Value of 22-carat gold
To estimate the value of a gram of 22-carat gold, first divide the price of gold per kilogram by 1000 to obtain the price of a gram of pure gold. This amount is then multiplied by the proportion of pure gold in 22-carat gold, which is 91.6%.
The formula is: (Price of gold per kg / 1,000 * 0.916 = Price per gram of 22-carat gold.
Let’s take the example of a gold bar quoted at €50,000 per kilogram. The bar weighs 1 kg, so the price per gram of pure gold is €50,000 divided by 1,000, or €50 per gram. As 22-carat gold is 91.6% pure gold, the value of a gram of 22-carat gold is calculated as 50 * 0.916, which gives approximately €45.83.
It is important to stress that this value is indicative and does not necessarily represent an actual buying or selling price for 22-carat gold. Other factors may influence the final market price. The values used to calculate the price of 9-carat gold or the price of 24-carat gold as the grammage of gold has a direct impact on its value.
Redemption prices for 22-carat gold jewelry
To determine the redemption price of 22-carat gold, it is essential to consider several elements. 22-carat gold jewelry is often assembled or repaired with solders that have a lower gold content, and it may also contain steel in components such as springs, clasps, screws or bracelet rods. In addition, the process of separating pure gold from alloy can result in losses, notably due to melting and the rate of restitution.
These factors reduce the average gold recovery rate to around 88% for 22-carat gold. To calculate the price, we can take as a reference a price of €50 per gram of pure gold, and multiply this amount by 88%, which gives €44.
Once again, you’ll need to adapt your calculations to the type of gold you’re using: you won’t have the same values for determining the price of 18-carat gold or the price of 14-carat gold.
Redemption price for a gram of 22-carat gold: factors to consider
To estimate the price of a gram of 22-carat gold, several key factors need to be taken into account. Firstly, the term “carats” indicates the purity of the gold. In the case of 22-carat gold, this means that gold makes up 91.6% of the total alloy. This element is crucial in determining the price per gram of gold!
The price of gold on the international market plays a major role in setting the price. This price is generally expressed in euros (EUR) per ounce or per gram, and fluctuates according to supply and demand, as well as various global economic factors.
In France, the buying and selling price of 22-carat gold, whether for jewelry or precious metals, is often based on this rate. Whenbuying or selling gold Whether in the form of coins, bullion or jewelry, conversion into grams is essential to accurately assess value.
Gold redemption, especially for 22-carat gold jewelry, is also influenced by the quality and rarity of the objects. Jewelry may have added value due to its design or history. However, for bars and coins, the price is generally more directly linked to the gold price and weight in grams or ounces.
So, to assess the price of a gram of 22-carat gold, you need to consider the current market price of gold, the weight in grams of the item (whether bullion or jewelry), and the specific quality of the item, especially if it’s jewelry. Together, these factors provide an accurate estimate of the price of a gram of 22-carat gold.
Where to buy and sell 22-carat gold?
Whether you’re wondering how to buy gold Whether you’re looking to buy or sell gold, trust Les Métaux Précieux. We offer a secure and trusted service for your gold transactions. Our experts will carry out a fair valuation of your 22-carat gold, taking into account current gold prices and market trends for an accurate estimate.
At our agencies in Paris, we are ready to examine the objects you wish to sell. What’s more, for those wishing to buy gold, we offer our expertise to accompany you in this investment, a proven method of protecting your savings from inflation! Benefit from a first-class service for the purchase and sale of your 22-carat gold, as well as for your gold investments, all at the right price.
Our team of gold experts is available to offer you personalized advice and support tailored to your needs. Feel free to visit our agencies for a free appraisal of your 22-carat gold jewelry, or to discuss the possibility of reselling old jewelry or gold you no longer use. Our experienced professionals are here to help, guide and provide you with all the information you need.
At Les Métaux Précieux, we recycle your gold, and you benefit from a precise evaluation of the value per gram of 22-carat gold. Give yourself privileged access to the gold market under the best possible conditions.