All Bullion Mobile Apps are showing rates of Gold 999, how to find rate of 14 carat, 18-carat, 22-carat, 24-carat?

 

How to Calculate Gold Prices for 14K, 18K, 22K, and 24K Using 999 Bullion Rates on Mobile Apps

In today's digital age, checking live gold rates has become easier than ever thanks to bullion mobile apps. However, most of these apps display the rate for Gold 999 — that is, gold that is 99.9% pure, also known as 24-karat gold in its purest investment form. While this information is invaluable for traders and investors, everyday gold buyers—especially those looking to purchase jewelry—often need to know the rates for 14K, 18K, and 22K gold, which are more commonly used in ornament making.

So, how can you derive the value of different gold karats from the 999 gold rate? Let’s break it down in a simple and actionable way.

Understanding Gold Purity and Karats

Before we get into calculations, it's crucial to understand the terminology:

  • 24 Karat (24K) – Pure gold, 99.9% purity (also referred to as 999 gold)

  • 22 Karat (22K) – 91.6% gold purity (often stamped as 916)

  • 18 Karat (18K) – 75% gold purity

  • 14 Karat (14K) – 58.5% gold purity (often stamped as 585)


Why Most Apps Show 999 Gold Rates

Bullion rates reflect the price of pure gold (24K or 999) per gram. This is the universal trading standard in gold markets and is used globally as a benchmark. Retail gold jewelry, however, uses lower karats, so consumers need to convert the 999 rate to the required purity level to get the real value.

How to Calculate the Rate of Different Karats from 999 Gold Price

Let’s say your bullion app shows the current gold rate for 999 (24K) as:

₹6,500 per gram

To calculate the price for other purities:

1. 22K Gold (91.6% Purity)

Formula:
22K Rate = 999 Gold Rate × (22 / 24)
OR
22K Rate = 999 Gold Rate × 0.916

Example Calculation:
22K Rate = ₹6,500 × 0.916 = ₹5,954 per gram

2. 18K Gold (75% Purity)

Formula:
18K Rate = 999 Gold Rate × (18 / 24)
OR
18K Rate = 999 Gold Rate × 0.75

Example Calculation:
18K Rate = ₹6,500 × 0.75 = ₹4,875 per gram

3. 14K Gold (58.5% Purity)

Formula:
14K Rate = 999 Gold Rate × (14 / 24)
OR
14K Rate = 999 Gold Rate × 0.585

Example Calculation:
14K Rate = ₹6,500 × 0.585 = ₹3,802.5 per gram

4. 24K Gold (100% Pure)

This is already shown in apps as 999 Gold, so no conversion is needed.

Additional Costs to Consider in Jewelry Purchases

While the above calculations give you the pure gold value, retail jewelry pricing includes additional charges:

  • Making Charges: Labor cost for crafting the jewelry (typically 5%–25%)

  • Wastage Charges: Cost for gold lost during the making process

  • GST (Goods and Services Tax in India): Currently 3% on the final bill amount

  • Hallmarking Charges: For certifying the gold’s purity

So, actual retail price = Gold Value + Making Charges + Wastage + GST + Hallmarking

Tips for Buyers Using Bullion Apps

  1. Always check for purity marking: e.g., “916” for 22K, “750” for 18K.

  2. Compare app rates with jeweler rates: Jewelers may quote slightly higher due to internal margins.

  3. Use rate as a base: The 999 gold rate should be used only to estimate and compare.

  4. Negotiate wisely: Knowing the base gold value puts you in a stronger position to discuss making and wastage charges.

Conclusion

Bullion apps provide a great starting point for understanding gold prices, but they typically only show the rate of 999 gold. With a simple understanding of purity percentages and a basic calculator, you can easily estimate the current value of 14K, 18K, 22K, and 24K gold using the rate provided. Whether you're a buyer, seller, or just a curious observer, this knowledge can help you make more informed decisions when it comes to purchasing or evaluating gold jewelry.

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