10K gold is worth quite a bit less than higher-karat golds, but it still has some value. It's made up of 41.7% pure gold and has a value of around $25 per gram, which is certainly not nothing. If you're interested in selling your jewelry, check out our selling gold article.
Gold is expensive, no matter what karat it comes in. 10k gold is the most affordable but still comes with a sizable price tag, meaning 14k gold has a significantly higher price to it. Although overall, purchasing 14k gold over 10k gold will get you more value for money depending on how far your budget can stretch.
You might hear that 10 karat gold is the lowest purity. This isn't strictly true, in fact gold jewelry can be found in 9k, 8k, and even lower. When you consider this, 10k gold certainly isn't worthless, and is still of interest to pawn shops.
The most noticeable difference between each karat option is the gold color. Because pure gold is naturally yellow in color, the higher the karat, the more yellow the metal will appear.
Over time, there is a chance that your 10K gold jewelry might tarnish a bit. The tarnish is due to the metal alloy in its composition. However, you can bring back the shine by buffing it out carefully. Taking care of this gold is as simple as taking care of your other gold jewelry.
Advantages: The primary advantage of 10k gold is its durability. Since it's more alloy than gold, it stands up well to wear and tear. It's also the least expensive option out of all the most frequently used gold alloys. Disadvantages: Some people might be allergic to the alloy used with this gold.
How much is 10K gold ring worth at a Pawnshop? The price of 10k gold varies because there are many local pawn shops that deal on 10k gold. some pawn shops pay around $1250 for an ounce of pure gold. You can get $16.35 per gram for 10k gold jewelry, and 423.50 per gram for 14k gold jewelry.
One advantage of 10k is that it is more durable than 14k. Because it has a lower gold content it's stronger, and less likely to scratch, scuff or bend. A second advantage is the price - it's less expensive than 14k because it has less gold.
For example, the marking '417' means 41.7% gold, which is 10 karats.
The amount of money you can get for your old jewelry will depend on the factors mentioned above. However, you can generally expect to get between 50% and 90% of the current gold price for your jewelry. If your jewelry is older or has historical significance, you may be able to get even more for it.
10k gold chains offer a good balance of price and durability. They are less likely to bend or break than 14k gold chains, but they may not have the same luster as higher karat golds.
Gold jewelry should be gently cleaned weekly to keep it looking shiny and new. All you need to clean most gold jewelry is warm water, dish soap, and a soft-bristled toothbrush.
Solid gold chains are made entirely from a gold alloy and will be stamped with a purity mark. Gold plated or gold filled chains, on the other hand, have a base metal like brass that has been covered in a thin layer of actual gold alloy.
Based on a price of $2000/ounce (which was reached in early August of 2020), an ounce of 10k gold would be worth $833.33. At Express Gold Cash, we pay up to 90% of that value for gold bullion and up to 85% of the refined value of gold jewelry.
10K gold through to 24K gold all have their advantages. 24K is more valuable, and better as a store of value or investment, while 10K gold is more durable and better for practical use. 14K and 18K gold are in the middle, and generally best for jewelry.
It is more affordable when you buy gold at a pawn shop
Buying gold jewelry from a pawnshop rather than a jewelry store will almost guarantee that it is more affordable. Most pieces available at a pawnshop are second hand, so they are not as expensive as the brand-new pieces you find at the jewelry stores.
What Is The 10K Gold Price Per Gram? The current price of 10k gold is $26.19 per gram. This price is updated every 5 minutes for your convenience.
The minimum caratage for an item to be called gold varies by country. In the US, 10 carat is the legal minimum accepted standard of gold caratage, 14 carat being the most popular. In France, the UK, Austria, Portugal and Ireland, 9 carat is the lowest caratage permitted to be called gold.
Gold doesn't oxidize or fade but 10k may tarnish over time due to the metals used to make the alloy. Just a simple mild soap cleaning and hand polishing are all that's need to keep it shining. Sure. It's 58.3% alloy and only 41.7% gold (18K is 75% gold and I've seen tarnished pieces).