# How much per gram for 14kt gold necklace?January 28, 2008 12:15 PM   Subscribe

How much per gram for 14kt gold necklace?

I am trying to sell a 14kt necklace. I know the weight in grams. What would be a good multiplier to help me to figure out the value of this necklace? I've seen everything from \$14 per gram up to \$21 per gram. I don't need the highest number just a fair one, which seems to be \$16 or so.

Thanks.
posted by beelover to Clothing, Beauty, & Fashion (4 answers total) 1 user marked this as a favorite

Well, the price of gold seems to be above \$900 per troy ounce, according to here. A troy ounce is 31.1034768 grams, and 14 carat gold is only 14/24 percent gold.

So (\$930 / 31.1034768 ) * (14/24) = \$17.44 per gram on the high end
and (\$900 / 31.1034768 ) * (14/24) = \$16.88 per gram on the low end.
posted by demiurge at 12:30 PM on January 28, 2008

24kt gold is going for about USD \$30/gram.

14kt is 14/24 pure. So, it seems like at a minimum, you would generally be looking at \$17.50/gram.

I also saw two other links that might be of interest: