24-carat gold represents grail in terms of purity and value. Having seen its price greatly evolved, 24-carat gold is an excellent investment. Made in Jewelery comes back for you on the price of 24 carat gold.
24-carat gold in details
The number of carats of gold is important to the extent that it affects its value in the market. The carat is a measure of purity for precious metals such as gold, silver, platinum … It represents 1 / 24th of the overall mass of an alloy. 24 carat gold price in USA today For several years now, it has become possible to purify gold to obtain the highest degree of purity (“5-9” or pure 99.999% or pure gold 999 thousandths) This purification is made possible in particular by the Wohlwill chemical process. The latter was invented by the German chemist Emil Wohlwill in 1878.
Over the years, 24-carat gold has seen its price rise sharply, with an average of € 40 to € 55 per gram. Basically, the 24-carat gold price is different because the quoted basis is the one-kilogram gold bullion. But once the 24-carat gold quotation is based on the gold gram, the prices of the alloys undergo palpable variations. Similarly, the price of 24-carat gold in jewelery and the price of refined gold will present clear differences because of the processing costs associated with the processing of jewelery.
Be that as it may, the price of 24-carat gold is set daily on the London Stock Exchange on the basis of different fixings at different times of the day.
Understand the price of 24 carat gold
Predicting the future in terms of the value of 24-carat gold is not easy. Day-to-day, gold prices are subject to many fluctuations. As a reminder, here are some indications on the price of 24-carat gold (per ounce and per gram) in recent years:
On April 17, 2014: € 30.
24 carat gold price in USA today carat gold price in USA toda 24k gold price
March 21, 2014: € 968.95 per ounce (or € 31.15 per gram)
On January 20, 2014: € 925.94 per ounce (or € 29.77 per gram) )
October 22, 2013: 963.956 euros per ounce (or 30.99 euros per gram)
April 20, 2013: 1076.07 euros per ounce (or 34.59 euros per gram)
Five years ago, April 21, 2009, the ounce of 24 carat gold was 685.63 euros, or 22.04 euros per gram
As a reminder: 1 troy ounce = 31,1034768
What is the weight of a gold bar?
There is not one gold bar, but hundreds, made in 26 countries around the world. What is the weight of a real gold bar or considered as such?
Hundreds of ingot
Should we speak of a single weight for the gold bar? Certainly not, because there is no single gold bullion in the world but … more than four hundred different kinds, made in many countries.
One could say that the weight of a gold bar varies between 1 gram, for jewelery, and 12.44 kilos, for gold bars.
In fact, 94 founders manufacture ingots in 26 countries around the world. Size and purity may vary depending on the legislation of each.
Around a kilo
However, it is commonly accepted that the weight of a gold bar should be around one kilogram. If so, it takes another name. Thus, in France, the ingot will display between 995 and 1005 grams on the scale.24 carat gold price in USA today Marrying the shape of a language, hence its name since it comes from “lingua”, the language in Occitan, this piece of a kilo has on the market of the little brothers, which we call the ingots. The latter then weigh 250, 100 or 50 grams.