Thursday 31 August 2017

The difference between 24k, 22k and 18k gold prices

A carat is a unit of weight of a diamond and other types of gemstones.1 carat equals to 0.2 grams. A carat, when used with gold is a unit of purity. ‘Carats’ is often used in diamonds whereas the term ‘carat’ is used in gold. The higher the carat, the purer the gold.24-carat gold is the purest gold one can ever find. In most cases, one usually mixes gold with other metals such as copper or silver to make jewelry since pure gold is too soft on its own. Each carat usually indicates 1/24th of the whole and therefore if a piece of metal is made up of a metal that is 18 parts gold and 6 parts silver then that is an 18-carat gold.

Below is a simple guide that is used to show the difference between the 24k, 22k and the 18k types of gold.

1. 24 carat gold

24k gold is also known as the pure gold or 100% gold. This means that the 24 parts of the gold are made up pure gold without any traces of other metals. It takes a distinct bright yellow color and it’s known to be 99.9% pure. There is no higher form than the 24k and it’s prudent for you to know this before a gold dealer offers you a 26k or 28k gold jewelry. It’s naturally more expensive than the 22k and the 18k because of the higher gold content. However, the gold has a lower density compared to the other types of gold that have a lower caratage which makes it more soft and pliable. The gold is used in the making of electronics and other medical devices used by people who are suffering from an ear infection. The 24k is also used to make high quality and the most expensive types of jewelry. The average price for a 24k goes for around $39.64 per gram.

2. 22 carat gold

22k jewelry means that 22 parts of the jewelry amount to gold while the remaining 2 parts take the place of other metals. This is the most popular kind of gold that is used in jewelry making. The jewelry made by a 22 carat gold amount to 91.67% of pure gold. The other percentage comprises of metals such as silver, nickel, zinc and other alloys. The addition of this types of metals makes the gold tougher and the jewelry more durable. It’s important to, however, know that 22 carat gold is not preferable for diamonds and other heavily studded jewelry. The 22 ct gold price goes for around $36.25 per gram.

3. 18 carat gold

This simply means that 18 parts of the jewelry amount to gold and the other 6 parts are made up of other types of metals.18k is made up 75% gold and 25% of other metals. Usually, diamonds and other heavily studded jewelry are made up 18k gold. The 18k gold is less expensive than the 24k and the 22k and is slightly dull in color. It’s very simple to recognize an 18k gold because all you have to do is see a product stamped with 18k, 18kt or the jewelry is stamped with 0.75 which indicates that the jewelry contains 75% of gold. The 18k gold goes for about $30.01 per gram.

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