The price of 21-karat gold per gram fluctuates based on the current market value of gold. This value is typically determined by global supply and demand, economic conditions, and geopolitical events. Gold purity is measured in karats, with 24 karats representing pure gold. Therefore, 21-karat gold comprises (21/24) * 100 = 87.5% pure gold, with the remaining portion consisting of other metals added for durability and color variations.
Understanding the fluctuating price of this specific gold purity is essential for various purposes, from jewelry appraisal and investment decisions to precious metal trading and understanding international gold markets. Historically, gold has served as a store of value and a hedge against inflation, contributing to its persistent relevance in modern finance. The specific price per gram of 21-karat gold enables consumers and investors to make informed choices.