14 Carat Gold Rate Calculator
Calculate the current market value of your 14-carat gold based on its weight.
Understanding 14 Carat Gold
Gold is often alloyed with other metals to increase its durability and change its color. The purity of gold is measured in karats (k). Pure gold is 24 karats (24k), which means it is 99.9% pure gold. 14-carat gold is a popular alloy because it offers a good balance between gold content and durability.
What is 14 Carat Gold?
14k gold is composed of 14 parts pure gold and 10 parts other metals (like copper, silver, nickel, or zinc). This means 14k gold is 14/24ths pure gold. To express this as a percentage, we calculate (14 / 24) * 100, which is approximately 58.3% pure gold. The remaining 41.7% consists of other metals.
How to Calculate the 14k Gold Rate
The value of 14k gold is directly proportional to the value of pure gold (24k). To find the rate of 14k gold, you first need to know the current market price of 24k gold per unit of weight (e.g., per gram). Once you have this figure, you can determine the value of 14k gold by understanding its purity percentage.
The formula used in this calculator is:
Value of 14k Gold = (Weight of Gold in grams) * (Current 24k Gold Rate per gram) * (14 / 24)
This calculation essentially takes the total weight of your gold, finds its value if it were pure gold, and then scales that value down to reflect the 58.3% gold content of 14k gold.
Example Calculation:
Let's say you have 15 grams of 14k gold, and the current rate for 24k gold is $75 per gram.
- Weight of Gold: 15 grams
- Current 24k Gold Rate: $75 per gram
Using the formula:
Value of 14k Gold = 15 grams * $75/gram * (14 / 24)
Value of 14k Gold = 15 * 75 * 0.5833 (approx.)
Value of 14k Gold = $656.25
So, your 15 grams of 14k gold would be valued at approximately $656.25 based on these rates.