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What are the weight, karats and purity measurements of precious metals?

Published by yasen 6 months ago
Gold price (XAU-RSD)
205 390 RSD/oz
  
+ 1 000 RSD
Silver price (XAG-RSD)
2 422 RSD/oz
  
- 13 RSD

Although the weight of gold and silver is sometimes quoted in kilograms or grams, the official weight measurement to gauge the mass of precious metals is the troy ounce. One troy ounce (oz) equals 31.1034768 grams. Note that a troy ounce is not the same as an avoirdupois ounce (more commonly known as the kitchen ounce) which equals approximately 28.34 grams.

  • 1 oz = 31,10
  • 1/2 oz = 15,55
  • 1/4 oz = 7,78
  • 1/10 oz = 3,10
  • 1/20 oz = 1,55

The purity of gold and silver is measured in millesimal fineness, which denotes the purity of the metal in parts per thousand. For example, the Valcambi 100 gram gold bar contains a gold fineness of 999.9, which means that the bar is 99.99% pure gold. Another example, the Napoleon with a gross weight of 6.45 grams contains a gold fineness of 900, which denotes a gold purity of 90% or 6.45 x 0.9 = 5.81 grams of pure gold.

In addition to fineness, the traditional purity measurement of gold is the karat (K). The highest karat rating is 24 and this equals or is greater than 99.9% pure gold. Example for this is the Gold Philharmonic which is 24 karats. Another example is the Gold Ducat , which purity is 0.986 and means it is 23.66 karats(0.986 x 24).

Purity to karat:

  • 0,900 = 21.6K
  • 0,917 = 22K
  • 0,986 = 23,66K
  • 0,999 = 24K
Gold price (XAU-RSD)
205 390 RSD/oz
  
+ 1 000 RSD
Silver price (XAG-RSD)
2 422 RSD/oz
  
- 13 RSD
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