Last Update: 10 May 2024
What is 958 gold? – 958 gold is the measure of the gold fineness, which is 95.8% pure gold – or 23 karat. Below read more about the price of 958 gold, how to calculate the value of 958 gold, understanding composition, value, hallmarking, cleaning and storing 958 gold.
KEY TAKEAWAYS
- 958 gold denotes the purity of gold by parts per thousand in an alloy. The system is called (millesimal) fineness, ranging from 1 to 1,000
- It means, the piece of jewelry consists of 95.8% pure gold and 4.2% other metals
- Expressed in karat, 958 gold is 23 karat
- 958 gold is not very popular for jewelry
Also check out: 333 gold, 375 gold, 417 gold, 500 gold, 585 gold, 667 gold, 750 gold, 833 gold, 875 gold, 917 gold, 958 gold and 999 gold.
Price for 958 Gold per Gram on 10 May 2024: USD 72.93
- The price of gold jewelry is determined by its pure gold content, the value of other metals (usually copper, silver or zinc) are not considered
- That means, 958 gold costs 95.8% of pure gold
- However, gold jewelry has often a considerable markup for its craftsmanship, brand, design and rarity. Buying gold jewelry is a sentimental choice.
- For investment purposes, gold bars and coins (bullion) are a more rational choice. They have only a very small premium.
How did the 958 gold price change over the last 30 days?
- Over the past 30 days, the gold market went from $72.77 for 958 gold to $72.93, which is a change of 0.22%
- The highest price was $73.78 for 958 gold, reached on 19. Apr. 2024
- The lowest price was $70.59 for 958 gold, observed on 30. Apr. 2024
Chart with price development of 958 Gold
958 gold price of the last 30 days in a chart:
Table with the daily 958 gold price in USD of the last 30 days
| Date | Gold Price |
|---|---|
| 10. May. 2024 | USD 72.93 |
| 09. May. 2024 | USD 71.98 |
| 08. May. 2024 | USD 71.23 |
| 07. May. 2024 | USD 71.28 |
| 06. May. 2024 | USD 71.58 |
| 05. May. 2024 | USD 70.92 |
| 04. May. 2024 | USD 70.92 |
| 03. May. 2024 | USD 70.82 |
| 02. May. 2024 | USD 71.07 |
| 01. May. 2024 | USD 71.66 |
| 30. Apr. 2024 | USD 70.59 |
| 29. Apr. 2024 | USD 71.91 |
| 28. Apr. 2024 | USD 72.01 |
| 27. Apr. 2024 | USD 72.01 |
| 26. Apr. 2024 | USD 72.09 |
| 25. Apr. 2024 | USD 71.88 |
| 24. Apr. 2024 | USD 71.47 |
| 23. Apr. 2024 | USD 71.60 |
| 22. Apr. 2024 | USD 71.97 |
| 21. Apr. 2024 | USD 73.63 |
| 20. Apr. 2024 | USD 73.63 |
| 19. Apr. 2024 | USD 73.78 |
| 18. Apr. 2024 | USD 73.52 |
| 17. Apr. 2024 | USD 73.23 |
| 16. Apr. 2024 | USD 73.41 |
| 15. Apr. 2024 | USD 72.31 |
| 14. Apr. 2024 | USD 72.21 |
| 13. Apr. 2024 | USD 72.21 |
| 12. Apr. 2024 | USD 72.55 |
| 11. Apr. 2024 | USD 72.77 |
958 Gold for different weights from 1 gram to 1,000 gram
| Fineness | Gold Price |
|---|---|
| 1 gram 958 gold | USD 72.93 |
| 2 gram 958 gold | USD 145.86 |
| 5 gram 958 gold | USD 364.65 |
| 10 gram 958 gold | USD 729.30 |
| 20 gram 958 gold | USD 1,458.60 |
| 25 gram 958 gold | USD 1,823.25 |
| 50 gram 958 gold | USD 3,646.50 |
| 100 gram 958 gold | USD 7,293.00 |
| 200 gram 958 gold | USD 14,586.00 |
| 250 gram 958 gold | USD 18,232.50 |
| 500 gram 958 gold | USD 36,465.00 |
| 1000 gram 958 gold | USD 72,930.00 |
Calculate the Price for 958 gold jewelry
To calculate the price for 958 gold jewelry, you need to know the weight of the item in grams and the current market price of gold per gram.
If you enter gram, the value in 958 gold will be calculated.
If you enter dollars, the weight in 958 gold will be calculated.
What is 958 gold in karat?
958 gold denotes the purity of gold in an alloy by parts per thousand. Therefore, 958 gold is 95.8% of 1000.
Karat denotes the gold purity on a 24 part system.
Therefore, 95.8% of 24 is 23.
In conclusion, 958 gold is 23 karat.
Understanding 958 Gold
958 gold is a type of gold alloy that contains 95.8% pure gold and 4.2% other metals. The term “958” is a hallmark that indicates the purity of the gold. This type of gold is also known as 23-karat gold because it contains 23 parts pure gold and 1 parts other metals.
Composition and Purity
The other metals used to create the alloy can include copper, silver, nickel, and zinc. These metals are added to improve the strength and durability of the gold and to create a specific color or finish.
The purity of 958 gold is less expensive than 24-karat gold, which is the purest gold jewelry. Jewelry made from 958 gold is typically more valuable than jewelry made from lower-karat gold alloys, such as 8, 9 or 10 karat. The jewelry price is also affected by gemstones (such as diamonds), famous brands or designers (such as Van Cleef & Arpels) or its historical rarity and value (see also gold jewelry and gold history).
What is the 958 gold symbol?
In many countries, including the United States, gold jewelry must be hallmarked to indicate its purity. The hallmark is a stamp or engraving that is placed on the piece of jewelry to indicate the percentage of pure gold it contains. In the case of 958 gold, the hallmark will typically be “958” or “23k”. (In US and UK 23k is stamped, in other European countries 958).
The hallmarking standards for gold jewelry can vary by country. For example, in the United Kingdom, gold jewelry must be hallmarked by an independent assay office to ensure its purity. In the United States, the hallmarking standards are set by the Federal Trade Commission (FTC). The FTC has adapted karat as a standard; read the guide here.
Frequently Asked Questions
How is the value of 958 gold determined?
The value of 958 gold is determined by its weight, purity, and the current market price of gold. The weight of the gold is measured in grams, and the purity is indicated by the “958” mark, which means that the gold is 95.8% pure. 958 gold costs 95.8% of the official gold price.
What does the 958 mark indicate on gold jewelry?
The “958” mark on gold jewelry indicates that the piece is made of 95.8% pure gold. The remaining 4.2% is made up of other metals, such as copper and silver, which are added to increase the strength and durability of the piece.
How can you distinguish between genuine and fake 958 gold stamps?
To distinguish between genuine and fake 958 gold, you must assay the gold. This is best done by jewelry shop or a gold trader. read more about gold assaying in gold properties.
What is the price range for a 958 gold ring?
The price range for a 958 gold ring can vary depending on several factors, such as the weight of the gold, the design of the ring, and the current market price of gold. Generally, a 958 gold ring can cost anywhere from a few hundred dollars to several thousand dollars. In some counties, basic gold jewelry cost only the price of the material. In others the price could be double or triple the material costs, as goldsmiths have a high rate.
Can you pawn jewelry marked with 958 gold?
Yes, you can pawn jewelry marked with 958 gold. The amount of money you can get for the jewelry will depend on several factors, such as the weight of the gold, the current market price of gold, and the condition of the piece.
What is the quality comparison between 958 gold and 24 karat gold?
958 gold is 95.8% pure gold, while 24 karat gold is nearly 100% pure gold. The higher the karat, the purer the gold. However, 24 karat gold is also softer and more malleable than 958 gold, which is why it is often alloyed with other metals to increase its strength. Both 958 gold and 24 karat gold have their own unique qualities and are used for different purposes. 24 karat gold is typically bought for investment purposes as gold bars and gold coins. However, in some Asian countries such as China and India, 24 gold karat jewelry is gifted at special occasions (e.g. births).
What does 958 gold purity mean?
958 gold, also known as 23k gold, consists of 95.8% pure gold and 4.2% other metals and materials. This level of purity makes it a popular choice for jewelry due to its relatively high gold content combined with durability
What are 958 gold alloys?
958 gold, known as 23 karat gold, consists of 95.8% fine gold, with the remainder typically comprising metals like copper and silver to enhance color and strength. Rose gold variants may have a higher copper content, giving them a distinctive pink hue. These alloys not only contribute to the metal’s durability but also to its color variety, such as white, yellow, or rose gold. Read more about gold alloys.
What is the hallmark of 958 gold?
Hallmarks for 958 gold, indicating its 95.8% purity, typically include a “958” stamp. This hallmark confirms that the piece is made of 23 karat gold. Jewelry may also carry additional marks indicating the manufacturer or the country of origin, such as “958 Italy”.
Is 958 gold a good investment?
In general, it is better to buy 999 gold as coins or bars for investment purposes. As the markup is minimal compared to gold jewelry. Also investment coins and bars are standardized which makes the check for authenticity much easier, in contrast to gold jewelry.
Why is 958 gold preferred for jewelry?
958 gold is preferred for jewelry because it offers an ideal balance between purity and durability. It contains a high percentage of gold while being strong enough for daily wear. This makes it suitable for a wide range of jewelry items, including rings, necklaces, and bracelets.
How should I store and care for 958 gold jewelry?
To maintain 958 gold jewelry, store it in a cool, dry place, ideally in individual soft cloth pouches or a lined jewelry box to prevent scratches. For care, gently clean the jewelry with a soft cloth and mild soap and water, avoiding harsh chemicals and abrasive materials that could damage the gold.