If you are shopping from a traditional jeweler, they should have a jeweler’s scale and be able to obtain the weight of the item for you, right then and there. If you are shopping online, the gram weight ought to be listed in the necklace’s description, i. e. “This chain weighs approx. 34. 0 grams”.
For example, as of the writing of this article, the spot price for gold is approx. $1,200 per ounce. Using, the below simple formula, you will need to convert ounces of gold to grams of gold (since gold jewelry is often listed in grams, not ounces. Grams are more manageable when dealing with the average weight of most gold jewelry items)[3] X Research source : Price of gold per ounce / 31. 1 / 24 x KARAT of your item = Base price of gold content per gram of gold. In the below example, plug $1,200 per ounce (today’s gold price) into the formula for determining the base price per gram of a 14K gold chain. Other numbers in the formula represent 31. 1 grams per ounce of gold. 24 represents 24K which is pure gold and what the gold market value uses, since they are representing the value of 24K gold per ounce. Example: $1,200 / 31. 1 / 24 X 14 = $22. 50 per gram. What does this tell you? That each 1 gram of 14k gold is worth $22. 50 as far as the raw precious metals of gold are concerned. Still following? Go to the last step to find out how it all comes together.
