14k Gold Price Formula:
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14k gold is an alloy containing 58.33% pure gold (14 parts gold out of 24 total parts). The remaining 41.67% consists of other metals like silver, copper, or zinc, which provide durability for jewelry while maintaining a gold appearance.
The calculator uses this simple formula:
Where:
Explanation: Since 14k gold is 58.33% pure gold, its value is directly proportional to the current spot price of gold.
Details: Gold purity is measured in karats (k), with 24k being pure gold. Common purities include 10k (41.7% gold), 14k (58.3%), 18k (75%), and 22k (91.7%).
Tips: Enter the current spot price of gold per gram in USD. The calculator will automatically compute the 14k gold price per gram based on its gold content.
Q1: Why isn't 14k gold priced at 100% of spot price?
A: 14k gold contains only 58.33% pure gold, so its value reflects this percentage of the spot price.
Q2: Does this price include manufacturing costs?
A: No, this calculates only the gold content value. Jewelry typically costs more due to craftsmanship, design, and retail markup.
Q3: How often does the spot price change?
A: Gold spot prices fluctuate continuously during market hours based on global supply and demand.
Q4: Where can I find the current gold spot price?
A: Spot prices are available from financial news websites, commodity exchanges, and gold market websites.
Q5: Is 14k gold a good investment?
A: As jewelry, it retains value but isn't the most efficient gold investment. For pure investment, consider bullion or ETFs.