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topic 29064

How much per gram for 14 K gold jewelery



2004

Looking to trade some gold necklaces, bracelets, etc. I was told salvage value of 14k gold is a high of $9.00 per gram. True? We have a goldsmith in our town who does nice work. However, I have no idea what the value of my stuff is. I am willing to trust but would like a second opinion if possible.

Evelyn Jarland
private person- Oakdale, California, USA


2004

I have no experience in that field, but I can offer a 'reasonableness check'. Today's gold price is about $390 per troy ounce, and a troy ounce is 31.1 grams. So a gram of 24K gold is worth $12.54. But 14K gold is only 14/24 pure, so a gram of it should be worth $7.32 if there was no deduction for the impurity or labor or handling, etc. As an amateur then, I'd be very happy to get $7.32 per gram for 14k gold.

Ted Mooney, finishing.com Teds signature
Ted Mooney, P.E.
finishing.com - Pine Beach, New Jersey
Striving to live Aloha


September 17, 2010

The last post was in 2004. What is the current worth of 1 gram of 14Kt gold per gram?

Dawna Larsen
hobbyist, consumer - Kingman, Mohave County, Arizona

September 20, 2010

Hi, Dawna.

www.kitco.com and several other websites post the daily price of gold. The "London Fix" is very widely used. Good luck.

Regards,

Ted Mooney, finishing.com Teds signature
Ted Mooney, P.E.
finishing.com - Pine Beach, New Jersey
Striving to live Aloha

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