How many types of gold are there? Gold comes in several forms, each with its unique properties and uses.
It’s worth learning more about them, especially if you’re considering investing in gold as an asset or using it to craft jewelry or electronics. For more insight into the types of gold, you should know, check out this list of the most popular ones below.
1. 24K gold
Most people think of 24-karat gold or 24K gold when they hear gold. This type of gold has a karat rating that is numerically equal to its percentage purity—so, for example, 24K gold is pure (24/24) 100% gold. It’s also called fine gold and bullion. The price of 24K gold fluctuates with market demand, but it is typically more expensive than other types of gold.
The U.S. Mint produces American Eagle coins in three different weights: 1 troy ounce, 1⁄2 troy ounces, and 1⁄4 troy ounces; these are all from 99.99% pure 24K gold. Mint also makes Mexican Libertad coins from Mexican gold, in denominations of 1⁄20 oz., 1⁄10 oz., 1⁄4 oz., 1⁄2 oz., and one troy ounce; all Libertads from Mexican gold have .999 fine gold content.
24K gold finds its uses in both jewelry and investment. Because of its high purity, 24K gold is often valuable for high-quality jewelry pieces like earrings, necklaces, and rings. In addition to jewelry use, 24K gold can be used as an investment asset because it retains value over time due to its rarity;
2. Yellow Gold
When most people think about gold, they think about yellow gold. The best way to describe yellow gold is by comparison. Let’s compare it to white and sterling silver. Yellow gold is a bit more mellow in color than its two counterparts, and it usually has hints of brown, orange or pink mixed in as well. As far as luster goes, it is a little less reflective than white gold or sterling silver but still brilliantly shines when light hits it just right.
Its purity measure is 14K (or 58.5% pure). In terms of price, it falls somewhere between white gold and sterling silver on average. If you want your jewelry to be durable and long-lasting with a beautiful finish that won’t tarnish quickly, then yellow gold is probably your best bet. Yellow gold is typically suitable for wedding bands, engagement rings, and other pieces meant for everyday wear over an extended period.
3. Rose Gold
Rose gold is a type of gold alloy colored pink through copper. The color can vary greatly depending on what copper alloy is present and how it’s mixed with other metals. This precious metal’s shade ranges from a light pink to reddish-brown, depending on whether or not there was a mixing of copper with zinc or nickel during its production. Its purity also plays a role in determining its color; rose gold that contains more than 60% pure gold will be darker in tone than those having less than 60%.
Rose gold has been around since 1847 when two Frenchmen were trying to make white gold and created it by accident. It wasn’t until decades later that they perfected their process and began mass-producing rose gold jewelry. Today, most rose gold comes from China, where many factories are dedicated solely to creating it.
Rose gold uses include necklaces, gold rings, earrings, bracelets, and pins. It’s also present in smaller amounts in other types of jewelry, such as pendants and brooches. Rose gold is often mixed with silver to create platinum-plated pieces because it’s softer than platinum but still hard enough for everyday wear. The price for rose gold varies considerably based on quality (purity) and supply/demand factors.
4. White Gold
White gold is gold that has been tinted with nickel to create a white finish. It’s often not nearly as expensive as pure gold, but it does have a lower value than yellow or rose gold. When shopping for rings or bracelets, know what gold you’re buying! White gold is typically more appropriate for everyday wear because it won’t tarnish like other types of metal.
White gold has purity levels ranging from 18k (75% gold) to 14k (58% gold). The higher karat levels are much softer and can be damaged easily. If you’re looking for an affordable option, look into 18k white gold jewelry. Be aware that when you buy white gold jewelry, it may contain nickel, which could cause skin irritation. Ensure your skin isn’t sensitive before wearing new pieces to avoid allergy issues.
5. Pink Gold
Pink gold is commonly used in high-end jewelry and boasts a rosy, orangish hue. Expert goldsmiths develop this type of gold by adding palladium to white gold. Although it’s pricier than other forms of gold, pink gold typically has a lower karat rating and retains its lustrous shine over time. It also tends to be softer than white gold, making it more malleable for crafting purposes.
Pink gold rings are popular with brides who want something that stands out from traditional white gold engagement rings without being too flashy. Pink gold is hypoallergenic and safe for most people sensitive to other metals. Its purity which measures 75%, makes it very soft and easy to bend. Therefore, it’s crucial to take extra care when wearing your pink gold ring!
Gold is a crucial commodity for investment or as a jewelry product. Knowing different types of gold offers a range of options for collectors, investors, savers, and the beauty industry.
No matter your goals or current situation, it’s essential to understand all that’s available to help you decide on your financial future and make sound investments. To start investing in gold as soon as possible, contact gold exchange experts today!