The quotes below are relevant for trading precious metals in their pure standard exchange approved bar form. Refer to the interactive table below to see the gold and silver spot prices.
Karat (KT) | Purity (%) | Your cash payout |
---|---|---|
24 KT Jewellery | 99.9% | 75-85% of the intrinsic value |
22 KT Jewellery | 91.7% | 75-85% of the intrinsic value |
18 KT Jewellery | 75% | 75-85% of the intrinsic value |
14 KT Dental Gold | 58.5% | 75-85% of the intrinsic value |
10 KT Dental Gold | 41.6% | 75-85% of the intrinsic value |
Grade | Your cash payout |
---|---|
0.925 Sterling Silver | 75-85% of the intrinsic value |
Bars 1 ounce or more | 75-85% of the intrinsic value |
The number 24 may have originally been chosen to represent pure gold because it divides evenly by 2, 3, 4, 6, 8 and 12. Thus it’s easy to talk about a gold item being half pure (12 kt), two thirds pure (16kt) etc. Nine karat would represent three eighths gold, 18 karat would be six eighths (three quarters).