Precious metal dealers use these charts often for the value of gold, silver, platinum, and other precious metals. The live precious metals chart will tell you spot price for one troy ounce. The spot price is the current buying or selling price for that metal. For example if the spot price for gold is $1200 then the value of one troy ounce of fine gold is worth $1200. If the spot price for silver is $19 then the value of one troy ounce of fine silver is $19.
Spot price chart provided by www.kitco.com
Gold is not often sold in its purest form. Alloys are added to gold to make it more durable and wearable.This also decreases the value of gold. An alloy is just when other metals are added. Gold alloys are defined by Karat. Karat is the fineness of gold in your piece. This is usually found on your jewelry items in the form of a Karat stamp. The most common Karats in the US are 10K, 14K, & 18K. Your gold can also be alloyed with metals to change its color. Gold is naturally a bright yellow color. To change this color other metals must be added. Gold is alloyed with white metals like nickel or palladium to whiten to gold. Gold is mixed with copper to give you rose gold. Adding silver to gold will give you greenish yellow gold.
- Karat– Gold purity is measured in Karat. The pure gold content.
- 24 Karat– This is 24/24 parts pure or 99.9% also called pure or fine gold
- 18 Karat– This is 18/24 parts pure or 75%. This may also be marked as 750
- 14 Karat– This is 14/24 parts pure or 58%. This may also be marked as 585
- 10 Karat– This is 10/24 parts pure or 41%. This may also be marked as 417
- Gold Colors–
- Yellow White Rose Green
Conversions for weight
- Troy Ounce: 1 troy ounce= 20 pennyweight = 31.1 grams
- Pennyweight: 1 pennyweight = 0.05 troy ounces = 1.555 grams
- Gram: 1 Gram = 0.032 troy ounces = 0.643 pennyweight
5 Year Gold
Gold price chart provided by www.kitco.com
5 Year Platinum
Platinum price chart provided by www.kitco.com