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How much does a 14 gram of gold cost?
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<p dir="ltr" style="line-height:1.38;margin-top:12pt;margin-bottom:12pt"><span id="docs-internal-guid-31c24724-7fff-cc36-fa16-621f096f1a44"><span style="font-size: 11pt;font-family: Arial;background-color: transparent;vertical-align: baseline"><font style="vertical-align: inherit"><font style="vertical-align: inherit">The first condition to define a metal as investment gold (also called bullion gold) is to know its law or purity. </font><font style="vertical-align: inherit">The one metal grade defines the proportion in which a precious metal is present in a disturbance. </font><font style="vertical-align: inherit">This ratio can be found in several different units:</font></font></span></span></p>
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Thousandths: Number of parts of pure metal per thousand parts of the operation. This is the official purity unit.
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Percentage: Number of parts of pure metal per 100 parts of attack.
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Carat: One carat represents one twenty-fourth (1/24) of the total mass of the magnification that makes up the precious metal. That is, one carat is equivalent to 41,666 thousandths of gold. Until the adoption of the metric system, the karat was the official unit of measurement for the purity of gold.
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gold price
There is a variety of prices, they mentioned the most common for sale
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The international spot price is a price that varies, probably, during the 24 hours of the day according to the evolution of the supply and demand of gold in the world markets.
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The LBMA price (old fixing price) is a price set twice a day at an auction in London organized by the LBMA (London Bullion Market Association), the largest international gold trading body. Participation in this auction is closed to large banks accredited by the LBMA.
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The local price of gold in markets such as India or China is especially important in these geographical areas since the price of gold can vary considerably with respect to the international price.
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The selling price of physical gold is the price of gold after it has been converted into coins or bullion and sold to retailers.
Gold prices updated until Wednesday 05 October 2022, 02:00 pm, GMT (Monday 03 October 2022, 09:00 am, Mexico City time) are:
628.72 MXN/gm 14K
Offer price
628.63 MXN/gm 14K
ask price
629.01 MXN/gm 14K
Minimum
626.09 MXN/gm 14K
Maximum
632.37 MXN/gm 14K
opening price
628.78 MXN/gm 14K
Finally, you should know that to invest in physical gold, we are interested in the international spot price and the selling price of physical gold.
The spot price represents the price in dollars of 1 ounce of gold for immediate delivery. Its calculation is continuous since gold is quoted 23 of the 24 hours a day in different world markets. The updated spot price can be consulted at any time of the day through specialized pages such as GoldPrice.org or the World Gold Council website.
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