Friday, July 31, 2009

What a Gram of 14K Gold Is Worth

Convert grams to ounces. This is done by dividing grams by 28.35. For one gram of 14K gold, the conversion would be 0.035 ounces.
Figure the amount of pure gold in 14K gold. 14K gold has a gold content of 58.3%. The rest of it is other metals alloyed with the gold to make it harder and less expensive. Multiply the amount you converted from grams to ounces (0.035) by the percentage of pure gold (0.583). The result is 0.02 ounces of pure gold in one gram of 14K gold.
Look up the spot price of gold. This is the price paid for pure gold in financial markets around the world. The spot price of gold changes every day, so it is important to look it up each time you perform a calculation. A simple search of the Internet or a newspaper financial section will provide the spot price of gold.
Calculate what a gram of 14K gold is worth by multiplying the amount of pure gold in ounces contained in 14K gold (0.02 ounces) by the spot price of gold. For example, if the spot price of gold is $900 per ounce the value of one gram of 14K gold would be 900 x 0.02 = $18.
Now that you know what a gram of 14K gold is worth, you can multiply that figure by the number of grams of 14K gold you have. This will tell you what the gold inside a 14K gold item is worth. Just remember that you must recalculate this value every time the price of gold changes

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