Gold

delrich | 16:39 Fri 06th Nov 2009 | Business

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With the gold prices quoted in national papers at $1000'ish per troy ounce. Is this priced based on
22 carat/ 18 carat/ 9 carat?

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Pure gold, which is 24 carat. The vast majority of jewelry is not pure gold and thus 22 carat gold only has 22/24th of pure gold in it.

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