What Does "24 KGB" Mean on a Necklace, and How Much Can I Get for It If I Sold It?

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What does "24 KGB" mean on a necklace, and how much can I get for it if I sold it? Thanks!

Adeline Goyette · Accepted Answer

While the term "24 karat" refers to the gold being 100 percent pure, the term "KGB" does not imply a high price.

The karatage of the jewelry indicates the percentage of gold it contains: 24 karat is 100 percent, 18 karat is 75 percent, and 14 karat is 58 percent gold.

However, KGB stands for "Karat Gold Bonded," which describes jewelry composed of a sheet of karat gold that is mechanically affixed (bonded) on top of a Sterling Silver core. This means that a layer of 24 karat gold has been used to coat another metal. The price will depend on the value of the underlying metal and the gold overlay.

The gold price in the USA, in U.S. Dollars (USD), is updated every 15 minutes based on the latest gold price from the NYSE COMEX. Visit GoldPriceNetwork.com to get detailed gold price reports in over 100 currencies per ounce, gram, and kilogram in different carats: 24k, 21k, 18k, 14k, and 10k.

Gold is among the most beloved precious metals in the world. It is a wonderful ornament to wear as well as a great hedge against inflation and falling markets.

But how well do you know your gold jewelry and what considerations should you keep in mind while buying gold ornaments? Check out these 5 tips on buying gold jewelry shared by NDTV Profit.

Anya Stehr

What Does "24 KGB" Mean on a Necklace, and How Much Can I Get for It If I Sold It?

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