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The basics: what are the weight and purity measurements of precious metals?

Another rather important question about the investment gold and silver is: what are the weight and purity measurements of precious metals?

Although the weight of gold and silver is sometimes quoted in kilograms or grams, the official weight measurement to gauge the mass of precious metals is the troy ounce. One troy ounce (oz) equals 31.1034768 grams. Note that a troy ounce is not the same as an avoirdupois ounce (more commonly known as the kitchen ounce). The latter equals approximately 28.34 grams.

The purity of gold and silver is measured in millesimal fineness, which denotes the purity of the metal in parts per thousand. For example, the PAMP 100 gram gold bar contains a gold fineness of 999.9, which means that the bar is 99.99% pure gold.

In addition to fineness, the traditional purity measurement of gold is the karat (K). The highest karat rating is 24 and this equals or is greater than 99.9% pure gold. Gold jewellery in Europe most often contains a gold purity of 14 and 18 karats. This equals 14/24 = 58.3% and 18/24 = 75% pure gold respectively.

We hope now you know more about the basics – what are the weight and purity measurements of precious metals?

 

Scrap Gold
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1 gram of 375 (9K) gold
8 345,10ft
1 gram of 585 (14K) gold
13 256,16ft
1 gram of 750 (18K) gold
16 995,02ft
1 gram of 999 gold
22 828ft
1 gram of 900 gold (coins)
20 415ft
1 gram of 917 gold (coins)
20 772ft
1 gram of 999 gold (coins)
22 637ft
1 gram of 999 gold (bars)
22 637ft
Scrap Silver
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1 gram of 500 silver
119,06ft
1 gram of 800 silver
190,50ft
1 gram of 830 silver
197,64ft
1 gram of 925 silver
220,26ft
1 gram of 999 silver
237,89ft
1 gram of 999 silver (coins)
237,89ft
1 gram of 999 silver (bars)
237,89ft