How Much Is A 24k Gold Chain Worth? (Market Pricing Guide)
We are always in quest of the best things in life whether it is jewelry, a car, or a better lifestyle. It is our priority to choose the best within our resources. If we can afford a 24k gold chain, it is an amazing thing. But to know that how much is a 24k gold chain worth is more important for us than anything else.
I am sure everyone tries to have the most recent value of gold in the market to get a perfect 24k gold chain. But there is always a chance to get scammed from the market. We must try to buy a 24k gold chain with having full information. A little bit less or more from the original price does not matter as it can be the company rules or policies. But if you find a big gap in the price from the original value, you must stop purchasing it.
Normally people don’t prefer to get a chain in 24k gold as it is much expensive than other gold qualities. All the know jewelry brands try to make the jewelry in 21 or even 22k gold. This is the best quality gold every region of the world is familiar with. It is solid and easily molded in any design.
What Is 24k Gold Chain Made Of?
It is too easy to find gold but too difficult to get its purest form. Gold is normally has 18k to 21k categories that are very excellent forms of gold. But 24k is the purest form of gold which is too expensive and magnificent gold. It has almost 99.9% pure gold and has no alloy in its formation. We can understand the phenomenon as there are 24 parts in gold and 24k gold is having all these 24 parts. It is made with no alloys that are why it is not molded in difficult and intricate designs.
People can ask whether 0.1% signifies the impurity or imperfection of gold. But the answer is quite simple that pure gold is too soft to give any shape. Its total content is easy to make a thin layer long enough to many meters. This is the reason goldsmiths have to mix a bit of alloy or impurity to make it stay strong. Otherwise, we can’t find any well-designed jewelry items in gold.
We are familiar with many gold forms like 10k, 14k gold, 18k, 21k, and 22k gold. The gold which is 10 to 18k is good and very commonly used gold category. They are not that expensive as 24k gold is. But 21k and 22k gold are considered the purest forms of gold. They are precious and people love to wear their jewelry on their auspicious events like weddings and engagements. Boys propose girls with a 21k gold ring embedded with a diamond. All these categories of gold use alloys
But 24k gold is pure and perfect in that it has no mixing or alloy in it. It is not that commonly used as 21 or 22k are being used. But still, people love to buy it and have a collection of 24k gold jewelry. The chains in 24k gold look too magnificent and eye-catching. Although the designs of 24k gold chains are simple yet look elegant.
The simplicity of its chains is due to their softness and elasticity. It is not easy to mold it into different designs. All the 24 parts of pure gold are present in it. It has not the impurities like copper, silver, zinc, palladium, or any other alloy metal. It makes a 24k gold chain simple and solid. They are not easy to keep because a little pressure or weight can make them shapeless.
How Can We Know The Value Of A 24k Gold Chain?
We can determine the value and pricing of a 24k gold chain by its weight. The weight normally is defined in karats. But Karat is not a scale to measure the value of gold internationally. We use ounces and grams to scale the gold value. We must know that an ounce of gold is equivalent to 31.1grams. So we have to be a little careful while going to market to buy a 24k gold chain. Our knowledge about the current value and pricing of 24k to all category gold will prove beneficial for us.
We must compare the rates of the market with what we have read in the newspaper or TV. For example, the current value of 24k gold is 1783$ in the market. You have to buy your 24k gold chain according to its weight. You need not worry about the high price of a 24k gold chain as it depends on the quality of gold which is purest of all. All 24 out of 24 parts are available in the chain you have chosen to buy. You can’t compare it with the value and price of a 21k or 22k gold chain.
Similarly, if you have made your mind to choose a chain in 1k gold, it will automatically lessen the price of your chain. It simply means that the gold you are going to buy is not that pure as 24k gold is. There will certainly be a combination of gold and alloy. The color of gold can make it too clear to us to recognize the difference between a pure and an alloyed form of gold. But the most important thing about a 24k gold chain is its weight. The more is the weight of your chain, the more is the price and vice versa.
A bit different than the original market value can occur due to the brand name or the company policy. It may not be too high that may sound intriguing. But you must be well-prepared while trying to purchase a 24k gold chain.
How Much Is A 24k Gold Necklace Worth At a Pawn Shop?
If you want to sell your gold at the pawnshop, you are making your gold worth less than what it is. A 24k gold ornament is too precious that we can get its good value from a jeweler. But sometimes it happens that we have to sell our necklace or 24k gold necklace on urgency. It is the time we contact a pawn dealer to get some money, Here let me also share with you a video from you-tube:
Indeed, a 24k gold necklace or any other jewelry item in this category is the purest form of gold. But doing it pawn cannot be beneficial for you at all. It will occasionally or temporarily benefit you with a reasonable amount but pawn shop can’t give the exact value of your necklace. I know that many things are counted when we try to sell our purchased gold. There are alloys and other ingredients that lessen the price of your gold piece.
The stones or pearls will automatically be taken away from your gold item. It may harm the weight of that24k gold necklace. But still, if you have some time and you are not in a hurry to sell it in 24 hours or less, it can give you a handsome amount. It is because yo9u may have enough time to go shop to shop and compare rates. The jewelers will give you the near-most price of the current value of gold.
But as far as the pawn dealers are concerned, they will disappoint you by telling you the price of your 24k gold necklace. They will give you that price which is far much lesser than the original value. Pawnshop dealers indeed have to face many issues while purchasing a gold ornament.
- It may be a fraudulent deal to buy a gold item that will prove artificial.
- Sometimes they have to face a piece of jewelry not gold but gold plated.
- The quality of gold which is described as 21 or 22k proves only 14k sometimes.
- Similarly, there is also a fear of stolen gold that has been brought to them for sale.
All these reasons make pawn dealing a bit risky business. The dealers have to decide at once what they have to give for a particular piece of gold. But at all, it is totally up to you that how you are presenting your 24k gold necklace in front of a pawn owner. It is better to have a clear hallmark of 24k on its back or clasp that you may demand a good price due to its originality.
How Much Does a 24k Gold Chain Weight?
It is a fashion trend to wear gold chains and the trend never goes old or worn out. People satisfy their esthetic sense by wearing gold jewelry. The chain in 24k gold is something special as it is the purest form of gold in the world. Most people don’t even know that 24k gold doesn’t have any impurities or alloy in it. It keeps all the 24 components of gold in it. We can consider it 99.99% pure gold.
But what is the weight of a 24k gold chain normally? This is a question many men and women ask repeatedly. The weight of 24k gold depends on the size and length of your chain. It varies from person to person and gender to gender. Men usually love to wear heavy wheat chains while women like lightweight delicate chains.
A men’s chain can start from 4 grams to 10 grams. Man chose to wear their 24k gold chain according to their pocket. But a good and strong chain weighs 10.6 grams. Women can have the same weight chain but if they don’t feel comfortable to wear, they can lessen its weight. A 24k gold chain is from 8 to 116 inches in size.
How Much Is A 14k Gold Necklace Worth?
A 14k gold necklace is also a valuable piece of ornament. You can’t say it is not an authentic piece of jewelry. Instead, we have to understand that 14k gold has 58% of pure gold and 42% other impurities. It is a solid and excessively used form of gold.
We must know that how much is the worth of a 14k gold necklace. It can never be the same as a 24k or 22k gold necklace. But we should have complete knowledge of what the price of 24k gold is in the market. It will help us define the accurate value of our 14k gold necklace.
If the price of 24k gold in the market is 1879.71$ per ounce, then we can calculate the value of 14k gold that must be 1142.15$ per ounce. This calculation and the current market value of gold will surely be helpful for us to buy a 14k gold necklace. And once you have come to know the price of 14k gold in the market, it will become quite easy for you to calculate the total price of your gold necklace whether it is in 4 grams or 10.5 grams.
How Much Is An 18k Gold Chain Worth?
It is quite simple that 18k gold is more valuable and expensive than 14k gold just because of the content of gold. Gold is purer and high quality as compared to 14k gold. This is the reason 18k gold chain is more expensive than that of 14k gold chain. We will love to prefer that chain which has only 6 parts of alloys in it. It is the need of the ornament to use alloy to make it stylish and intricate. People love to wear ever-changing jewelry styles. 18k gold chain is more likely to be used by people than that of 14k or 21k.
How much is an 18k gold chain worth? This is an interesting question. We must be careful of the scammers and cheaters who deceive us in the name of 18k gold. We must have absolute information about the current rates and value of gold. Daily magazines and Google will help us too much in this respect. It will guide us to the current rates of gold whether it is 14k, 18k, or 24k. A little less or high price difference may not matter as to consider the company’s policy or the dealer’s commission.
Another thing that everyone must know is the quality of yellow and rose or white gold. We know that yellow gold doesn’t have any combination of silver at all. But pink or rose gold has to be mixed with 25% of silver along with other alloys to make it rose-colored. It is therefore not that expensive as 18k yellow gold. A chain in 18k gold is normally weighing 10.5 grams or less. So keeping the current price of 18k gold, we can bargain with the dealer somewhat.
Tips For Pricing A Gold Chain By The Gram
By the time, the market of gold jewelry has introduced many changes. It is getting revolutionized every day. Gold chain prices will automatically vary when the gold price goes up or down. Similarly, when jewelers weigh a chain, they not only consider the gold price but also its alloys price, its polishing rates, its making procedure, and many other things. It is most important that what quality your chain belongs to. It can be from 14k to 24k according to your demand and choices.
All is good but what we should do to decide on a 24k gold chain in special and any other karat chain in general. We should have to be more cautious if it is the matter of a chain as we know the chain is somewhat heavy than rings or earrings.
We can check the gram weight of our chain by acting on these tips easily. It will help us greatly not to get scammed or cheated. Let’s see the tips briefly
Firstly Checking the Grams Of Our Chain
It is obvious that we have to know the actual grams of the chain we are trying to buy. It will help us to judge the price of our chain. The grams of our chain may tell us how much the inclusion of pure gold in it. The total calculation of our chain may let us decide how much is the quantity of gold and how much are the alloys in it.
A good jeweler or an authentic and well-known company helps us define how many grams we have in our chain. It can make us understand the value of our chain. So the first thing we are going to do is to know the grams of the chain we are inclined to buy.
Understand the Karats of Chain
It is clear guys that knowing the karats of our gold chain is much more important than any other thing. Many local scammers try to deceive you by presenting wrong karats. A 14k gold chain can never be that valuable as a 24k chain. If you know and have sufficient knowledge about the karats of your chain, you can decide the grams of your gold chain easily.
Knowing the Current Price of Gold In Ounces
We must know the current market value of gold when we have made our mind to buy a gold chain. We have to know the value of gold in ounces to convert it into grams. It is not a big deal to convert ounces into grams. We all know very well that 31.1 grams are equal to one ounce. Gold is always sold and purchased in grams as it is easy for us to calculate the grams of the gold chain.
The price of an ounce of gold x 31.1x 24x the karats of gold (14, 18, 21, 22, and 24) is the formula for knowing the grams of a particular chain or jewelry piece. By putting the current market price of an ounce of gold and applying the formula, you can easily know the base value of your gold chain per gram.
This is amazing information about gold chains and gold categories. It tells us q detailed information about how much a 24k gold chain is worth to us. We have concluded that the more you know the gold value in the market, the better you can buy your chain.
We should understand the difference between 14k gold and 24k gold. Both have far much difference as they are much changed in their quality. It is not that the gold of 14k gold is cheap, but it is in low quantity. The gold in the 14k gold chain is 58% and the remaining percentage is completed by the alloys and polishes. But when we look into the quality of 24k gold, it is the purest form of gold. It has all the 24 components of gold present in it. One can claim this gold to be 99.99% pure gold. The remaining .1 percent is the impurities that make the gold stay firm to shape an ornament.
We know that a bar of pure gold is too soft to get molded into intricate shapes. If we are successful in making a 24k gold chain, we have to be careful to keep it safe. There are chances of this chain being deshape.
You need not be too worried about the price of gold chain in 24k or any other quality of gold. By knowing the exact current value of an ounce of gold in the gold market, we can easily calculate the price of one gram of gold in any karat. But one should be careful before buying a 24k gold chain as it is the most expensive quality of gold and there are chances that someone can cheat you. You must rely only on the hallmark of the company and the 24k mark on its clasp.