1. What is 14k Gold Melt Value?

The melt value of 14k gold represents the intrinsic metal value based on current market prices. Since 14k gold is 58.33% pure gold (14 parts gold out of 24), its value is calculated as a percentage of the current gold spot price.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Weight \) — Weight of your gold in grams
• \( 0.5833 \) — Purity factor for 14k gold (58.33% gold content)
• \( Spot\ Price\ per\ Gram \) — Current market price of pure gold per gram

Explanation: The equation accounts for the actual gold content in 14k gold items and multiplies it by the current market price.

3. Importance of Gold Purity

Details: 14k gold is a popular alloy containing 58.33% gold, with the remainder being other metals like silver, copper, or zinc. The purity directly affects the melt value.

4. Using the Calculator

Tips: Enter the weight of your gold in grams and the current spot price per gram of pure gold. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find the current gold spot price?
A: Spot prices are available from financial news websites, commodity exchanges, or gold dealer websites.

Q2: Is this the same as resale value?
A: No, melt value is typically lower than resale value which may include craftsmanship and retail markup.

Q3: How accurate is this calculation?
A: It's mathematically precise for pure gold content, but actual offers may vary based on market conditions and buyer policies.

Q4: Can I use this for other gold purities?
A: No, this is specific to 14k gold. Different purity factors apply for 10k, 18k, 22k, or 24k gold.

Q5: Why is 14k gold only 58.33% pure?
A: The "k" stands for karat, with 24k being pure gold. 14k means 14 parts gold out of 24 (14/24 = 58.33%).