What are 18K Gold Bars ? Purity, Uses & Prices as of 2024
18k gold bars contains 75% pure gold, ranking third on the gold purity chart. It has 18 parts pure gold out of 24, with the remaining 6 parts consisting of other metals such as iron, zinc, silver, nickel, aluminum, and cobalt. The presence of 6 metal elements makes it much stronger and durable compared to both 22k and 24k gold hence making it an excellent choice to be used in the jewelry industries to craft daily wear.
The composition of metal alloys in 18K gold bars not only enhances its strength and durability but also offers it a wide range of color options and intricate designs which increases its visual appeal for different types of jewelry.
It is most preferred by jewelry industries and different gold craft shops to make valuable items for daily use such as precious pieces of jewelry like engagement rings, watches, bracelets, and necklaces, among others.
Its composition of 6 metal elements makes it very strong, such that it cannot easily deform or scratch compared to 24k and 22k. Additionally, the vibrant and luxurious look that comes with the composition of different alloy elements makes it a perfect choice for making daily use of precious gold items.
Gold is quoted as 24K meaning it is 99.99% pure gold and 18K is at 75% purity level. There is also 22K which is 91.7% pure,14K at 58.3% purity level, and 10K at 41.7% purity level.
Gold purity table of different types of Gold
Here’s a table summarizing the purity of different gold karats along with their respective percentage of pure gold and typical uses:
| Karat | Parts of gold | Parts of metals | Purity % | Common Uses |
| 24K | 24 | 0 | 100% | Investment, high-value collectibles |
| 22K | 22 | 2 | 91.67% | High-end jewelry , coins |
| 18K | 18 | 6 | 75% | rings, watches, necklaces |
| 14K | 14 | 10 | 58.33% | Jewelry for daily wear |
| 12K | 12 | 12 | 50% | Lower-cost jewelry |
| 10K | 10 | 14 | 41.67% | budget-friendly jewelry |
Understanding the value of each karat number is very important, it will help you make an informed decision whether to buy gold for investment or for crafting different precious items.
Depending on your gold needs and budget, you will be sure of what type of gold you need.
Note that the higher the karat number, the more pure and expensive the gold, and the lower the karat, the less pure and less expensive but very strong and durable.
Current spot prices of 18K gold bars
| Weight | USD |
| 18K Gold price per Gram | $51.98 |
| 18K Gold price per Troy OZ | $1,616.77 |
| 18K Gold price per kilogram | $51,980.45 |
| 18K Gold price per tola | $606.09 |
The price of gold typically depends on its purity levels. Gold prices fluctuate daily depending on various global factors therefore gold collectors and buyers should endeavor to keep up to date with the gold market for example by watching international news and following up on websites of reputable gold dealers who post current gold spot prices.
This way, they will be able to buy or sell gold online or in the physical market at a competitive, profitable market price.
Is 18K gold bars good quality gold?
18K gold contains 75% of pure gold making it one of the best gold types, better than 14K and 10K gold. It is much sought by gold collectors and industries intending to use it in crafting different precious items for daily wear like pieces of jewelry because of its durability, and resistance to deforming or scratching.
What is the worthiness of 18k gold?
Table showing current spot prices for different type of gold inclusive of 18k gold;
| Gold type | Cost per gram (USD) |
| 10k | $29.82 |
| 14k | $40.47 |
| 18k | $53.79 |
Can I wear 18K gold jewelry every day?
By nature, gold is resistant to rusting and tarnishing making it a very suitable metal for crafting daily wear products. 18k gold is one of the best gold type that is suitable for manufacturing or crafting daily wear jewelries because of the durability and robustness that come with it as a result of presence of the six metal elements.
These metal elements make it more durable and stronger compared to the 24K and 22K gold, giving it a visual appealing, rich looking, bright yellowish color most preferred for jewelries.