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To determine how much the gold chain is being sold per gram, divide $1,000 by 29.0 grams. The answer is: $34.48 per gram of gold. Using your information from Step 3, you know that the raw price of 14k gold was $22.50. This means that the gold chain is being sold at $11.98 above the price of gold.
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Look for Hallmarks: Real gold jewelry typically has hallmarks or stamps that indicate its purity. Common hallmarks for real gold chains include "10k," "14k," "18k," "22k," or "24k," representing the gold's karat value. Check for these markings on the clasp or near it. 2. Magnet Test: Gold is not magnetic, so if your chain is attracted to a.
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