What is the price of 18k Gold? 1 Gram of 18k Gold Price:
18K gold ranks third in purity with its purity equivalent to 75% making it less pure than the 24k gold. 18k gold is 18 parts gold out of the 24 with the remaining six parts being any alloy element such as zinc, copper, cobalt, nickle or silver making it very durable more that than the 24k gold and 22k gold.
18k gold is one of the best choices for crafting everyday worn high quality fine pieces of jewelry like bracelets and engagement rings, its composition of six metal elements makes it more strong, durable and less-exposed to scratched and deformations compared to the 22k and 24k.
It is of high purity compared to the 14k and 10k gold making it a more excellent choice for crafting different luxurious products in different industries such watch making industries, fashion industries and so much more.
18k gold has a vibrant distinct deeper gold color appearance because of its much more gold content than 14 and 10k. most preferred to be used by the jewelry industry because its end product shines and looks rich, visually appealing.
The composition of metal alloys into gold makes it look more vibrant giving it that deep gold shining colour and robust enough for everyday use.
Pure gold is quoted as 24K meaning it is 99.99% pure gold and 18K is at 75% purity level. There is also 22K which is 91.7% pure,14K at 58.3% purity level and 10K at 41.7% purity level.
Gold Purity Table:
| Type of gold | Percentage purity |
| 24K Gold | 99.99% |
| 22K Gold | 91.7% |
| 18K Gold | 75% |
| 14K Gold | 58.3% |
| 10K Gold | 41.7% |
Note that it’s good for you to understand the importance of each gold karat in this way you will appreciate its value and characteristics, it will help make the right choice depending on your needs or make the right investment plan depending on your budget.
The higher the karate, the purer and luxurious gold, and the lower the karat number, the less pure and more durable of gold. And also the higher the karat number, is the more expensive gold gets.
The 18K gold price rate is always calculated using live gold prices from the New York Gold Exchange and then converted basing on the Karat. Below is a table showing the current prices of 18K gold per gram, troy ounce, tola and kilogram.
18K GOLD PRICE TABLE:
| Weight | USD |
| 18K Gold price per Gram | $51.98 |
| 18K Gold price per Troy OZ | $1,616.77 |
| 18K Gold price per kilogram | $51,980.45 |
| 18K Gold price per tola | $606.09 |
The price of 18k gold depends on its purity, according to the table, its purer than 14k and 1ok making it like 30% more expensive than them.
It’s important to note that gold prices fluctuate every now and then depending on various factors therefore keeping up to date with these fluctuations will help you make right decisions when buying either online or in physical market. gold has spot prices and regional prices.
What determines the Gold price?
Gold market is one of largest market traded across the globe running 24hours a day. The gold price constantly keeps on changing reflecting the equilibrium between supply and demand of physical buyers and sellers.
Gold price is determined depending on various factors most especially from those countries where its being mined. Supply of gold is determined by physical sellers in the gold industry, the costs they incur to find, mine and refine it.
Political stabilities from countries with gold fields also determine the supply of gold to the market. Demand from central buyers also highly determines prices on the market because these are big buyers for example The higher their demand, the higher the gold prices on the world market.
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