How Much Is a 24K Gold Bracelet Worth?

Investing in gold jewelry is a huge step, yet it is worth it. To get the value of a 24k gold bracelet, simply multiply the current spot price of gold and the total karat weight.

Gold has traditionally been seen as a good investment because of its status as a precious metal and its intrinsic value. It’s also used frequently in industry and physical applications, which leads to high demand. Here are some things that you should know if you’re buying gold for the first time!

What’s the difference between 24k gold from others?

Of course, as an investor, the first thing that pops in your head is “What is the price of gold today?” First things first, the purity of the gold is the most important matter. For example, 24k gold is 100% made of gold, while 12k gold is 12 parts gold and 12 parts alloy metal.

Here’s a short table so you can easily visualize this concept:

Karat Gold Parts Percent Gold
24 24/24 100%
18 18/24 75%
14 14/24 58.33%
12 12/24 50.00%
10 10/24 41.66%

Why is this table necessary? You will have to use this as a guide if you compute gold manually.

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But thanks to technology, all you have to do is use this gold conversion formula website and input your numbers.

how much is a 24k gold bracelet worth
Source: Lara Jameson

How much is a 24k gold bracelet worth?

A 24K gold bracelet is not hard to compute for its value.

The cost of gold is a simple multiplication of the current spot price of gold and the total karat weight. For example, if a 24 karat gold bracelet weighs 2 grams, then it’s made out of 0.00833 ounces of pure gold. Multiplying this with the current spot price of gold (~$1,300) will yield a cost of ~$11.65 for that 2-gram bracelet.

The same formula can be used to determine the value of any other kind of gold jewelry item. Just remember to take into account the total karat weight and multiply it with the current spot price of gold.

Is there any way to increase the value of a 24k gold bracelet?

Gemstones on Bracelets

Most appraisers and stores use the standard price of gold daily. The price of gold is always fluctuating. When the price of gold goes up, the value of your jewelry goes up, too. Plus, if a piece of jewelry has gemstones, that will increase its value, as well.

Spot Price and Melt Value: How Are They Different?

The spot and melt values are two things that people get confused about. Telling the difference between the two can be tough at first glance, but once you know what to look for, it becomes pretty easy.

Gold’s spot price refers to how much gold can fetch on the open market. This price is constantly fluctuating based on supply/demand as well as other economic factors. You might also hear this referred to as a “bid” or “ask” price for gold.

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Melt value is the total cost of processing gold from raw ore to its final form.

This includes transportation, refining, purification, and minting costs. It does not include any extraneous expenses like labor costs, marketing or distribution costs, or any other operating or overhead expenses of the company that refined and minted the gold bullion product in question.

The Rarity of the Design

You guessed it right! Whoever made the 24k gold bracelet also affects how much the bracelet will cost in total.

If it’s one-of-a-kind, custom jewelry created by a famous designer, then you can add markup for that when you decide to sell. If it is factory-made, expect that it won’t cost the same as a piece of customized jewelry even though both are 24k gold.

how much is a 24k gold bracelet worth
Source: Baljit

How do I buy a 24k gold bracelet?

A 24k gold bracelet can be a beautiful piece of jewelry that you wear for special occasions, so it’s important to make sure you’re getting the most bang for your buck. Here are some tips to pick the best gold jewelry!

Consider the design.

There are several ways that gold can be used in jewelry, and each of them has a different cost associated with them. A plain chain is cheap and easy to find, but if you want something with more detail, you will probably have to pay more.

When buying online, you’re unlikely to get a real sense of how something looks in person, so it is worth it to spend a few extra dollars on something you feel good about.

Consider the weight.

Gold is sold by weight, and typically, 24k gold weighs a bit more than 14k gold. That’s because there’s more metal in the piece. For example, 25 grams of 14k gold will weigh about the same as 27 grams in 24k gold. If you want to know the exact poundage for a particular piece of jewelry before buying it, ask about its total metal weight.

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Treatments affect the price.

Some pieces of jewelry are treated with rhodium or other metals before being dipped in gold. This makes them easier to work with.

In a Nutshell

The best way to get a great deal on a 24k gold bracelet is to educate yourself before you buy. A 24k gold bracelet is a fantastic piece of jewelry to wear and hold onto for the rest of your life. When shopping for one, it can help you to greatly increase the resale value of your investment.

It’s worth getting to know the market a little better before you dive in, or worse, lose money on a poor investment. When it comes to 24k gold jewelry, there is no doubt that the value has and always will continue to rise.

Did you enjoy reading this article? Share your takeaways in the comments below!


Sources

  1. Gold Price. GOLDPRICE. WHERE THE WORLD CHECKS THE GOLD PRICE. https://goldprice.org/
  2. Smithsonian American Art Museum and Renwick Gallery. Ideogram Bracelet #9: Most Bloody. https://americanart.si.edu/artwork/ideogram-bracelet-9-most-bloody-32499

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    About Ruth Hansen

    Ruth Hansen is an expert in lapidary. She works with gold, silver, diamonds and other jewelry. She also has a passion for gemstones of all kinds. Ruth's favorite part of his work is helping people find the perfect piece to suit their needs.

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