custom chain design How Do You Determine The Price Of Gold?

How Do You Determine The Price Of Gold?
Gold is traded on a public exchange and therefore the price is subject to many external influences. That’s why the price of gold jewelry is largely dependent on three factors:

Purity of gold used (the karatage), combined with the physical weight of the item
Current market value of gold
Detail of the design and craftsmanship of the piece
Gold Karat Chart
24 karat = 100% or

22 karat = 91.7% or
Both 24k and 22k are considered too soft for fine jewelry, though prized and worn in some cultures.

18 karat = 75.0% or
Considered to be the luxury end of fine jewelry.

14 karat = 58.3% or
Ideal for fine jewelry, balancing wearability and value.

10 karat = 41.7% or
Not available at Blue Nile.

 

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