Gold Carat
The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), however its purity is measured in ‘carats’.
‘Caratage’ is the measurement of purity of gold alloyed with other metals. 24 carat is pure gold with no other metals. Lower caratages contain less gold; 18 carat gold contains 75 per cent gold and 25 per cent other metals, often copper or silver.
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. In Denmark and Greece, 8 carat is the legal minimum standard.
Gold Purity
Fineness is another way of expressing the precious metal content of gold jewellery, and represents the purity in parts per thousand. When stamped on jewellery, usually this is stated without the decimal point.
This chart shows some examples of the composition of various caratages of gold.