Gold has been a symbol of wealth and beauty for centuries. It’s used in jewelry, investments, and even as a form of currency. The price of gold varies based on its purity, weight, and market conditions. In this article, we’ll focus on 10K gold, which is commonly used in jewelry, and discuss its current price per gram.
Understanding Gold Purity
Gold purity is measured in karats, with 24K being pure gold. 10K gold contains 41.67% pure gold, with the remaining 58.33% made up of other metals like copper or silver. This mixture makes 10K gold more durable and affordable compared to higher-purity golds.
Factors Influencing Gold Prices
Several factors affect the price of gold:
Market Demand and Supply: High demand or limited supply can increase prices.
Economic Conditions: Inflation, interest rates, and currency values can impact gold prices.
Geopolitical Events: Wars, political instability, and natural disasters can cause price fluctuations.
Mining Costs: The cost of extracting gold affects its market price.
Current Price of 10K Gold per Gram
As of January 21, 2025, the price of 10K gold per gram in Singapore is approximately SGD 49.36.
This price can vary slightly depending on the source and market conditions.
How to Calculate the Value of 10K Gold Jewelry
To determine the value of a 10K gold item:
Weigh the Item: Use a precise scale to find the weight in grams.
Calculate the Gold Content: Multiply the weight by 0.4167 (since 10K gold is 41.67% pure).
Find the Gold’s Value: Multiply the gold content by the current price per gram.
Gold content: 20 grams × 0.4167 = 8.334 grams of pure gold.
Value: 8.334 grams × SGD 49.36/gram = SGD 411.68.
This calculation gives the intrinsic value of the gold in the item, not accounting for craftsmanship or design.
Buying and Selling 10K Gold
When buying or selling 10K gold:
Check Current Prices: Gold prices fluctuate daily.
Consider Purity: Higher-purity gold is more valuable.
Account for Weight: Heavier items contain more gold.
Factor in Design and Craftsmanship: Unique designs can add value.
Choose Reputable Dealers: Ensure you’re dealing with trustworthy sellers or buyers.
Conclusion
The price of 10K gold per gram is influenced by various factors, including market demand, economic conditions, and geopolitical events. As of January 21, 2025, the price in Singapore is approximately SGD 49.36 per gram.
Related topics:
- How to Check Gold Authenticity?
- What Is A Gold Eagle Worth?
- How to Tell If A 14K Gold Chain is Real?
