What is the going price per gram of 14K gold jewelery and where can I sell it in NYC for the best price.
2007-10-16 07:35:49 · 2 answers · asked by george s 1 in Business & Finance ➔ Other - Business & Finance
Gold closed today at $757.20 per ounce, therefore
24 Karat (100% pure) gold is $757.20 / 31.1 grams per ounce or $24.34 per gram
14 karat gold is 14/24 pure or 58.33% pure gold. So...
$24.34 x .5833 = $14.20 per gram of 14K gold.
A jeweler or coin shop will pay 80% - 90% of that.
I don't know any dealers in the NYC area that I could recommend.
2007-10-16 13:01:59 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
Just about any jewelry dealer will give you what's called spot for your 14k gold. Be sure you go to a reputable dealer. Additionally, know that 14k is not the highest in gold content and won't fetch as much as 24k gold would. Spot is advertised daily on most of the financial web sites check there for the current price per oz of gold.
2007-10-16 07:40:58 · answer #2 · answered by thebigm57 7 · 0⤊ 0⤋