Are you interested in buying gold as an investment? If so, you should give thought to which type of gold you’d like to purchase first. You’ll be able to choose from 10-karat gold, 14-karat gold, 18-karat gold, and more. Each kind of gold will have a different value when you’re both buying and selling gold. So, how much is 18-karat gold worth?
That’s a question you may ask yourself as you consider which types of gold you can buy from a gold dealer and look at the gold prices that go along with them.
Find out what 18-karat gold is worth below.
As of early July 2023, the answer to the question, “How much is 18-karat gold worth?”, is right around $46 per gram. The price of an ounce of 18-karat gold, meanwhile, is just over $1,432, while the price of a kilo of 18-karat gold is just under $46,060.
That being said, the price of 18-karat gold, and all gold, for that matter, will change over time. It’s a big part of the reason why you might want to consider investing in it in the first place.
Gold prices don’t go up and down quite as dramatically as, say, stock prices sometimes do. Generally speaking, gold is seen as a safe investment by many investors because its price doesn’t fluctuate too much on a daily basis.
There are, however, factors that’ll influence the price of gold. They’ll include:
These factors help explain why the answer to the question, “How much is 18-karat gold worth?”, will change early and often. The price of 18-karat gold is rarely stagnant.
As we just alluded to, you aren’t typically going to see gold prices go up and down in too dramatic of a fashion. As a result, buying and selling gold is often seen as one of the safest investments you can make.
Buying 18-karat gold, in particular, might work out well for you because it’s one of the most precious metals in terms of gold. Adding it to your portfolio would be worthwhile, as selling gold like this, later on, could end up being very profitable for you.
If you’re going to invest in 18-karat gold, you aren’t ever going to want to stop asking the question, “How much is 18-karat gold worth?” You’ll need to keep a close eye on gold prices from the moment you make an investment in gold.
You should also make sure you only buy gold from a reputable gold dealer. CMI is the gold dealer you can count on when you need help buying and selling 18-karat gold.
Contact us today to discover more about investing in gold and keeping up with gold prices once you’re done doing it.