You can currently expect to get £61.29 per gram or £1,737.64 per ounce for 22 carat gold.
Understanding 22 Carat Gold Value
22 carat gold is a popular choice for jewelry due to its balance of purity and durability. In the world of gold, "carat" (or "karat" in some regions) is a measure of purity, indicating the proportion of pure gold in an alloy. Pure gold is 24 carat.
- 24 Carat Gold: 99.9% pure gold. It is very soft and easily deformable, making it less suitable for everyday jewelry.
- 22 Carat Gold: Contains 22 parts gold out of 24 parts total, meaning it is 91.6% pure gold. The remaining 8.4% is composed of other metals like copper or silver, which add strength and durability while maintaining high purity.
The value of 22 carat gold is directly proportional to its gold content. Since it has a very high percentage of pure gold, its value is significantly higher than lower carat gold types like 9ct or 18ct.
Current 22 Carat Gold Prices
The price you can get for 22 carat gold is determined by the current market rate for gold, adjusted for its purity. Here are the exact values for 22 carat gold:
| Purity | Price Per Gram | Price Per Ounce |
|---|---|---|
| 22ct | £61.29 | £1,737.64 |
For comparison, here's how other common gold purities stack up:
| Purity | Price Per Gram | Price Per Ounce |
|---|---|---|
| 9ct | £25.09 | £711.37 |
| 18ct | £50.19 | £1,422.74 |
Factors Affecting Gold Value
While the prices listed above are precise, it's important to remember that gold prices are dynamic and can fluctuate based on several global factors:
- Market Demand and Supply: High demand and limited supply can drive prices up.
- Economic Stability: Gold is often seen as a safe-haven asset during economic uncertainty, leading to increased demand and price rises.
- Currency Fluctuations: The strength of the currency in which gold is traded (typically USD) can influence its price in other currencies.
- Geopolitical Events: Wars, political instability, and other global events can impact investor confidence and gold prices.
When selling your 22 carat gold, jewelers or gold buyers will assess its weight and purity to determine its exact value based on the prevailing market rate at that moment.
