gold ring prices
Posted in Gold Rings on 06/27/2009 10:53 pm by admin

I have a 18kt gold ring weighs 6.78 grams.?
Does anyone know how to turn gold prices today to see how much it worth?
18 carat gold is 18 parts gold and 6 parts other metal alloy, so the golden ratio is 18/24, ie 75% .. to use 75% of current gold price as an estimate .. you can find the current and historical gold price www.kitco.com. current gold price is $ 914 per ounce. 75% of which would be $ 685 per ounce 1 ounce is about 28 grams. Thus, 1 gram of 18 carat gold should be around $ 24.5. His 6.78 grams of gold in theory, could be worth $ 166.
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