The Latest Gold Prices
These are the current gold prices from kitco.com
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif) |
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpoz_2.gif) |
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_uskg_2.gif) |
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_bpkg_2.gif) |
Gold Weights
Troy Ounce
One Troy ounce of gold weighs 31.1035 grams.
One ounce of gold is accepted to mean 31.1 grams of pure 24 carat gold although in reality it is likely to be 0.9999% pure.
One ounce of gold is accepted to mean 31.1 grams of pure 24 carat gold although in reality it is likely to be 0.9999% pure.
Gold Content
A carat is both a unit of weight and also an indication of fineness, that is, a value for the percentage of pure gold content. 24 carat gold represents 100% gold with no alloy content.
Example:
A one ounce, 1 (Troy) ounce, 9ct gold bracelet weighs 31.1gms.
Actual gold content is (9/24)*31.1=11.66gms of pure (24ct) gold. This also means that (31.10-11.66) 19.44 gms in every troy ounce are other alloys. These alloys, like silver and copper, give rise to the qualities of the metal such as colour and hardness.
|
Metal |
Parts Per Thousand |
Gold Content/Troy Oz |
|
9ct Gold |
375 |
11.66 gms |
|
14ct Gold |
585 |
18.14 gms |
|
18ct Gold |
750 |
23.33 gms |
|
22ct Gold |
916 |
28.51 gms |
|
99% Pure Gold |
990 |
30.79 gms |
|
99.9% Pure Gold |
999 |
31.07 gms |
|
24ct Gold |
1000 |
31.104 gms |