The price of gold as a commodity is determined on the world’s markets. The price normally fluctuates a few points from day to day. Gold is priced in the form of gold bars. This all seems very straightforward, however, things are never as simple as they seem. Follow our simple gold jewellery price guide to avoid the pitfalls.

The price of gold is dependent on the gold weight or carat value. Pure gold is weighted at 24 carats and not used very commonly in jewellery. Smaller carat values like nine carat are used in everyday jewellery, as this carat value is more durable and less scratch resistant. Pure gold is alloyed with other metals to make nine carat gold. Gold can also be bought in varying carat ranges from nine to twenty four, with
ten, fourteen, eighteen and twenty-one in between. The lower the carat values the lower the gold content and the lower the price.

You can tell the carat value of your gold jewellery by examining the piece for hallmarks. Depending on the carat value the jewellery should be hallmarked accordingly. Eighteen carat gold should be marked either with “18C” or the number “750”. This number refers to the amount of pure gold in the jewellery and affects its price. If you are looking to invest in gold then the most popular gold bars in the world are Credit Suisse. These gold bars are twenty-four carat pure gold with the weight stamped on each bar. They have a guaranteed imperial weight of one ounce. The price guide for these gold bars is currently $473 US dollars per ounce!