Gold Price Per Gram Calculator UK | Live Scrap Gold Price in London
The Gold Price UK fix of the day determines the Gold Per Gram UK Calculator. Different Karat of gold has a different percentage of gold in them, which determines the gold price per gram, depending on the Karat of gold. Few of the popular Karat and how to determine the price are listed below. Our UK Gold price per gram calculator use the live UK Gold market price. Just enter the grams in the right Karat section and the calculator will give you the value of the gold when you sell your scrap gold to us.
If you wish to obtain today’s best UK value for your gold, jewellery and scrap gold value, our live UK gold price per gram calculator provides the exact current value of your gold items depending on the Karat.
What is Carat? It is a common misconception that karat, which is the purity measurement for gold, and carat, which is the weight measurement for diamonds, are the same things. Diamonds are measured per 200mg, which incrementally increases the carat of the diamond.
However, you most likely will come across the term ‘Carat’ in relation to gold, referring to the percentage of pure gold within an article, not the weight of the gold. Karat is a measure of the purity of gold in proportion to the total weight of impurities including alloyed metals. It is stamped on the gold and provides information about the type of gold and the percentage of pure gold that it contains.
You may see it abbreviated to these symbols: ct, K or kt. Karat is measured and expressed using numbers 0-24. A higher -K number means that there is a higher percentage of gold present in the article. 24-Karat gold is the purest gold and contains no other metal.
How do I measure gold purity? Measure the gold purity by dividing the number of Karats by 24. So, if you have bought a ring of 15kt gold, divide 15 by 24 and the answer is 0.625, which means that the ring contains 62.5% of pure gold.There are four common purity forms of gold: 9ct, 18ct, 22ct, and 24ct. The difference between these forms is the percentage of gold and other metals that they contain.
10 karat gold is made up of 41.7% gold and 58.3% alloy, or 10 out of 24 parts gold. 10 k gold is the least pure, least expensive and most durable form of gold used in jewellery. Although it’s widely used in earrings and affordable jewellery, 10k gold isn’t a very popular metal for engagement rings and fine jewellery.
What is 585 Gold? You may also see a 585 stamp on your Gold jewellery. This marking is being seen more and more in the UK due to the increase in online shopping, as 585 markings are more common with jewellery made from US gold.
Since Carat measures purity in parts of 24, this means that 24-Karat is pure gold. 14k is 14 parts of gold to 10 parts of other metals. 14 Karat gold is then equivalent to 585 fineness and is often called 585-gold. 585 and 583 gold are both classified as 14-carat in the US.
585 markings distinguish an alloy which is 58.5% pure gold and since fineness is a measure of gold content in parts of a thousand, 999.999 being pure gold, 585 fineness is then 585 parts of gold to 415 parts of other metal – as a percentage it is 58.5% gold. In the UK, jewellery is commonly made with 22, 18 and 9-carat gold. These are equivalent to 916, 750 and 375 fineness respectively. It is a legal requirement in the UK to hallmark all gold items over one (1) gram in weight with its purity of gold.