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Gold is usually mixed with other metals in jewellery to give it more strength, and the term carat describes the amount of gold present (24 carats is pure gold).

Because of the softness of pure (24k) gold, it is usually alloyed with base metals for use in jewellery, altering its hardness and ductility, melting point, color and other properties. Alloys with lower caratage, typically 22k, 18k, 14k or 10k, contain higher percentages of copper, or other base metals or silver or palladium in the alloy.

Gold Karat Information Chart

Measuring and Calculating Precious Metals
The weight of a piece of gold jewellery is a factor that helps to determine its value. It is important because it is an indication of the amount of fine gold in an item of jewellery. Grams (g) and pennyweights (dwt) are the units of weight most commonly used in weighing gold. Gold and silver are almost always weighted in the troy system of weights where one pound troy equals twelve troy ounces and twenty pennyweights equals one troy ounce. The following table summarizes useful weight conversions.

Weight Conversion Table

www.kitco.com is the source of the current spot price for gold, which is the true measurement for what the industry pay out represents.

Payment Process: Gold Karat Information Chart

Our payment chart is provided here for your use. It is for estimating payment amounts to your customers.

Karat Amount – Follow the table in the karat purity amount here. Example: If you are pricing 18k gold, review "18." If it is 24, review "24." Karat amount can range from roughly 6kt to 24kt.

Current Gold Spot Price - Example: Type in "1086.00" for a spot price of $1086.00 per oz. 

Note: The pricing below is only used to showcase a party/event payout scenario, and would still be subject to change if market conditions change.