1. What is the 10k Gold Price Calculator?

This calculator determines the price per gram of 10 karat gold based on the current Kitco spot price. 10k gold contains 41.7% pure gold (10 parts gold out of 24 total parts).

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• 10/24 — The gold purity ratio for 10k gold (41.7% pure gold)
• Kitco Spot Price — Current market price of pure gold per gram

Explanation: The calculation accounts for the lower gold content in 10k gold compared to pure (24k) gold.

3. Importance of Gold Price Calculation

Details: Accurate gold price calculation is essential for jewelry buyers/sellers, investors, and pawn shops to determine fair market value of 10k gold items.

4. Using the Calculator

Tips: Enter the current Kitco spot price per gram in your local currency. The spot price can be found on Kitco's website or other precious metals market sources.

5. Frequently Asked Questions (FAQ)

Q1: Why use 10/24 in the calculation?
A: 10k gold is 10 parts pure gold out of 24 total parts (alloys), so 10/24 represents the actual gold content.

Q2: What's the difference between 10k, 14k, and 24k gold?
A: 24k is pure gold, 14k is 58.3% gold (14/24), and 10k is 41.7% gold (10/24). Higher karat means more gold content.

Q3: Where can I find the current Kitco spot price?
A: Visit kitco.com for live gold prices in various currencies and weights.

Q4: Does this price include making charges or premiums?
A: No, this calculates only the metal value. Jewelry typically costs more due to craftsmanship, design, and retail markup.

Q5: How often does the spot price change?
A: Gold prices fluctuate continuously during market hours based on global supply and demand.