1. What is 14k Gold?

14k gold is an alloy containing 58.3% pure gold (14 parts gold and 10 parts other metals). It's commonly used in jewelry as it's more durable than higher karat gold while still maintaining good value.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• 14/24 — The gold purity ratio (58.3%)
• Kitco Spot Price — Current market price of pure gold per gram

Explanation: The formula calculates the value of the gold content in 14k gold based on the current spot price of pure gold.

3. Importance of Gold Price Calculation

Details: Knowing the intrinsic gold value helps in making informed decisions when buying or selling gold jewelry, understanding melt value, and comparing prices.

4. Using the Calculator

Tips: Enter the current Kitco spot price for pure gold in your preferred currency per gram. The calculator will automatically compute the 14k gold price per gram.

5. Frequently Asked Questions (FAQ)

Q1: Why use Kitco spot price?
A: Kitco is a reputable source for precious metals pricing, providing real-time and historical data that's widely recognized in the industry.

Q2: Does this include making charges?
A: No, this calculates only the metal value. Jewelry typically includes additional costs for craftsmanship and retail markup.

Q3: How often should I check gold prices?
A: Gold prices fluctuate daily, so check current prices before any significant gold transactions.

Q4: Is 14k gold a good investment?
A: While it contains less gold than higher karats, 14k offers a balance between gold content and durability for everyday wear.

Q5: Can I use this for other karats?
A: The same principle applies - just change the ratio (e.g., 18k would be 18/24 or 75% pure gold).