what would 1 ounce of 14k gold be worth as oppossed to an ounce of pure 24k gold?

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what would 1 ounce of 14k gold be worth as oppossed to an ounce of pure 24k gold?

2007-05-22 14:07:29 · 1 answers · asked by jesse12508 1 in Business & Finance ➔ Other - Business & Finance

1 answers

24K gold is 100% gold.
14K gold is 14/24 or 57% pure gold
An ounce of 14K gold is worth 57% of the price of 24K gold.

Gold is currently $658.80 / ounce (That's 24K)
For current quotes, check this link:
http://kitco.com/market/

2007-05-22 14:33:06 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋