Does karat effect the price of gold? When you hear the price of gold is say $612 a troy ounce..what carrat does that refer to?
2006-06-09 11:57:07 · 6 answers · asked by Matt B 1 in Business & Finance ➔ Investing
24 is 100% gold. Everything else is a fraction of 24 (i.e. 14/24 = 58%). Its mixed with other metals to give it strength (and size)
2006-06-09 12:02:14 · answer #1 · answered by Nobody 4 · 1⤊ 0⤋
The "Spot" market price you see quoted per troy ounce is for gold in its pure form (24K, also referred to as .999 or .9999 pure). Any number less than 24 indicates that the gold is mixed with another metal (usually copper, but not always) to dilute it to the proper percentage for that karat. For instance, 14k gold is .585 pure. 10K is .417 pure. 18K is .750 pure. You get the idea. Hope this info helps.
2006-06-09 12:08:10 · answer #2 · answered by answerman63 5 · 0⤊ 0⤋
The gold market always refers to 24k or pure gold at 99.99% Pure gold is only achieved after refining and is not found in nature.
2006-06-12 10:28:30 · answer #3 · answered by gailandnormhare 2 · 0⤊ 0⤋
It refers to pure gold, 24 carat
2006-06-09 12:03:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
24 K is pure gold. 23.9K is considered pure. The price is for pure gold, not a watered down version of it.
2006-06-09 12:05:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
24K
2006-06-16 11:54:13 · answer #6 · answered by Gloria 3 · 0⤊ 0⤋