How Much is 10kt Gold Worth
With this specially designed calculator, you can quickly and easily figure out how much 10 karat gold is worth. With the unending rise in gold prices, questions about how much bits and bobs of gold jewelry abound on the internet these days and seem to be very much on the mind of many a person. Avid jewelry buyers are only too aware how the price of 10kt gold jewelry has increased over the last decade. In fact, the price of solid gold has risen every year since 2001 and gold has been one of the best investments of the past decade. With prices so high, now could be the best time to get rid of any surplus or unloved pieces of 10kt gold you may have stored up.
Instant ‘How Much Is 10 Karat Gold Worth’ Calculator
How to Use The ‘How Much is 10kt Gold Worth’ Calculator
Simply enter the weight of gold in Troy Ounces or Grams. Be careful to choose the right unit otherwise you may be selling yourself short!
Next, look at the ‘Current Price of Gold’ box on the right hand side of the screen and enter the gold price into the form. Now just hit the ‘How Much Is Gold Worth’ button and get your instant quote.
If for example, you wish to calculate:
- How much 1g of 10kt gold is worth
Select ‘Grams’ & Enter ‘1’ in the ‘Quantity’ field.
- How much 10g of 10kt gold is worth
Select ‘Grams’ & Enter ‘10’ in the ‘Quantity’ field.
- How much 100g of 10kt gold is worth
Select ‘Grams’ & Enter ‘100’ in the ‘Quantity’ field.
- How much 1kg of 10kt gold is worth
Select ‘Grams’ & Enter ‘1000’ in the ‘Quantity’ field.
- How much 1oz of 10kt gold is worth
Select ‘Troy Ounces’ & Enter ‘1’ in the ‘Quantity’ field.
How to Calculate How Much 10 karat Gold is Worth
In order to calculate how much a collection of 10 karat gold is worth, one must simply know how much weight of it one has. Weight can be measured in grams but because precious metal prices are quoted in Troy Ounces, it is generally easier to work in these units of mass. 1 Troy Ounce is equal to 31.1034768 grams. Therefore:
To convert grams to troy ounces, use the formula:
Troy Ounces = Grams / 31.1034768
Purity is measured in Karats or Millesimal Fineness. Karats are a measure of gold purity where 24 karats represents 24 out of 24 parts gold. Thus 10 karat gold is 10 out of 24 parts which equals .416 or 41.6% pure gold. Millesimal Fineness is a more accurate measurement of purity since it is based on parts out of 1000. Thus 41.6% gold is a Millesimal Fineness purity of ’416′.
Therefore, the formula to calculate how much 10 karat gold is worth is:
(Spot Price of Gold * Weight of Gold (Troy Ounces)) * (41.6/100)
10 Karat Gold Jewelry
10 karat gold is 41.6% pure gold and is the minimum karat which is legally allowed to be described as gold jewelry in the US. The remaining percentage is made up of other metals such as nickel, silver, zinc or copper. Such metal mixes are known as alloys.
In most countries including the US, jewelry is rarely made from pure gold as it is too soft and not suitable for the purpose of everyday usage. 10kt gold is one of the lowest purities in which jewelry is commonly available and consequently is not a very valuable form of gold jewelry.
Generally, all jewelry bought from a reputable seller will be stamped with a ‘hallmark’ indicating the item’s purity. This may be ‘10kt’ as expected or ‘416’ as discussed above.