Price of 18 carat gold per gram: Everything you need to know to buy or sell

Gold, the precious metal that has fascinated people for centuries, has never lost its value, and it’s not about to change. Today, we’re diving into an exciting topic: the price of 18 karat gold per gram. You may have jewelry to sell or simply want to understand why the price of gold fluctuates so much. Don’t worry, I’ll explain everything to you, and you’ll see, it’s simpler than it seems.

Current price of 18 karat gold

18 karat gold is a perfect compromise between purity and durability. Unlike 24 karat gold, which is 99.9% pure, 18 karat gold contains about 75% pure gold, mixed with other metals to make it more resistant. It is often used for jewelry.

So, how much is it worth exactly? The price of 18 karat gold per gram varies depending on several factors: global demand, available gold reserves, and market fluctuations. But to give you a general idea, currently, the price is around 40 to 50 euros per gram. Of course, this can vary from day to day, so it’s best to check regularly.

KaratsPurityAverage price per gram (€)
24 karat gold99.9%60-70
18 karat gold75%40-50
14 karat gold58.5%30-35

Factors that influence the price

You might think that gold is like fine wine: it increases in value over time. Well, that’s not entirely untrue, but it’s not that simple. Here’s what makes the price of your favorite piece of jewelry fluctuate:

  • Supply and demand: When everyone wants to buy gold, its price goes up. When there is a lot on the market, the price goes down.
  • Gold reserves: Governments and major financial institutions hold gold in their vaults. When they decide to sell or buy large quantities, it can move the market.
  • Economic crises: During times of uncertainty (such as financial crises), investors rush to gold to protect their assets. As a result, the price goes up.
  • Speculation: Some financial actors buy gold hoping that its value will increase, which can also create price variations.
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18 karat gold vs other purities: why choose 18 karat gold?

You may be wondering why there is so much talk about 18 karat gold and less about 24 karat gold, which is purer. The answer lies in one word: practicality. Pure gold is very soft, scratches easily, and is not ideal for making jewelry you want to wear every day. 18 karat gold, on the other hand, is a good compromise between purity and resilience.

Here are some advantages of 18 karat gold:

  • Durability: Unlike pure gold, 18 karat gold is more resistant to shocks and wear.
  • Value: Although not as pure as 24 karat gold, it remains an excellent value for jewelry and investments.
  • Aesthetic: Thanks to the mixture of other metals, you can find 18 karat gold jewelry in a variety of tones, from yellow to rose to white.

How to estimate the value of your 18 karat gold?

If you want to sell gold, whether jewelry or coins, it is essential to know its value. There are several ways to estimate the price of your gold:

  • Use a precision scale: If you know the exact quantity of grams of gold in your jewelry, you can easily estimate its value based on the market price.
  • Consider other metals: If your jewelry is 18 karat gold, it contains 75% pure gold. The rest consists of other metals (silver, copper, etc.), which may also have some value.
  • Consult a professional: Jewelers and precious metal experts can assess the exact value of your gold based on its purity and weight. This is the most accurate method.
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The best times to buy or sell gold

Buying gold or selling gold jewelry is a bit like playing the stock market: you have to know when to choose the right moment. If you want to buy gold, it’s best to do so when prices are low, usually during periods of stable economies. On the other hand, if you want to sell, wait for a period of economic uncertainty or high demand for gold, such as during financial crises.

Here are some tips to maximize the value of your gold:

  • Monitor the price of gold: Regularly check the evolution of the gold price to know when it’s the right time to sell or buy.
  • Sell during a crisis: Periods of economic uncertainty are often the best times to sell, as the price of gold tends to rise.
  • Shop around: If you sell your gold to a jeweler or an online platform, compare offers to get the best price.

Where to sell your 18 karat gold?

If you have decided to sell your gold, several options are available to you. You can sell it to jewelers, online platforms, or even individuals. Each method has its advantages and disadvantages.

  • Jewelers: This is the traditional method, and often the safest. You will receive an estimate of the value of your gold directly in-store, and you can leave with the money in hand. However, jewelers often take a commission on the sale.
  • Online platforms: There are several sites specialized in buying and selling gold, where you can send your gold by secure mail. This method can offer more competitive prices, but it carries a certain risk.
  • Auctions: If you think your jewelry is rare or has sentimental value, you can try to sell it at auction. This can sometimes bring in a large sum, but it is more uncertain.
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MethodAdvantagesDisadvantages
JewelerSecurity, immediate paymentOften high commission
Online platformsOften competitive pricesRisk associated with postal delivery
AuctionsPotential for higher sale priceLonger process, uncertain outcome

Mistakes to avoid when selling your gold

Selling gold may seem simple, but beware of mistakes that can cost you dearly. Here are some pitfalls to avoid:

  • Not comparing prices: Not all buyers will offer you the same amount for your gold. Take the time to compare before selling.
  • Selling during a period of low prices: If the price of gold is low, you may not get the best price. Wait until it rises.
  • Not checking the reputation of the buyer: If you sell to a jeweler or online, always check the reviews and reputation of the buyer to avoid scams.

Why gold remains a safe investment

If gold has fascinated people for millennia, it’s because it remains a safe haven. Unlike the stock market or cryptocurrencies, which are volatile and risky, gold retains its value, even in times of crisis.

In summary, whether you’re looking to buy or sell 18 karat gold, it is essential to closely follow the market and choose the right time to maximize your profits. And now that you are armed with all this information, it’s up to you to take action!

If you found this article helpful, share it with your friends or check out our other guides for more tips on investing in gold and other precious metals.

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