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How much is my jewelry worth? ... 14k gold is 14/24 or % gold. ... How much is my Diamond worth? Click here to find out.
Now, since 14K gold is only % actual gold, we divide the per gram price of pure gold () by to arrive at a 14K gold price of right at a gram. Now you multiply the weight of the ring in grams by the price per gram at 14K, and you have the spot price of your ring.
So, the amount of pure gold in your particular 14K gold ring weighing .2822 avoirdupois ounces with a gold percentage of % was ounces. To figure out its value in troy ounces, we mulitplied this number by .912 to get Troy Ounces.
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14 parts out of a total of 24 parts. 24 carat gold is pure gold, so 14 carat is % gold (the balance is generally silver). But that is a measure of the gold partsperthousand, or 583 partsperthousand in 14 k gold, not a measure by weight.
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