24 Carat Gold Price USD per Gram

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24 Carat Gold Price

The 24 carat gold price does not exist!

Some people would like to know about the 24 carat gold price, however this is impossible to know. This is because a ‘carat’ is a measure of weight (equal to 200 milligrams or 0.2grams) for gemstones. It is not used to weigh gold. 

Instead, we use ‘karats’ to measure the purity of gold. It is the purest form of gold and has 99.99% fineness. It is so pure that many choose not to have jewelry made from it. Instead they seek 18 karat gold pieces. 18 karat gold is less pure as it is an alloy of gold and a harder metal, which means your precious item will wear a lot better, for longer. 

If you wish to work out the price of a 24 karat gold item then simply multiply its troy ounce weight with the price of gold. 

In the West you are unlikely to find gold bullion bars listed with reference to karats, even though we refer to investment-grade gold as being 99.99% pure. You are more likely to see it mentioned when looking at the details for gold bullion coins. But what you will certainly not see is any reference to the ‘24 carat gold price’ as it doesn’t exist!

If you'd like to add Gold to your portfolio and need some assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team would be happy to help.