23k gold is a type of gold that is found in some foreign jewelry items. It can be found in chains, rings, and earrings. Below we'll provide more detail about this gold type and how much it can be worth.
What Is 23K Gold?
23k gold is real gold with a high purity. 23k refers to the gold's level of purity, and it means that your item is 23 karats out of a maximum of 24 karats. It's composed of 95.8% gold and 4.2% alloy. 23k gold is the same as 958 gold.
This type of gold in common in Thailand but not in many other countries. 22k gold is the standard option for this level of purity.
23k gold is a good option for those you want a high purity jewelry item. 23k gold looks great and it will hold its value over time.
How to Find Markings
Markings or hallmarks are easy to spot for any type of gold piece. You should clearly see 23k or the number 958 engraved on the piece. On jewelry the number may be small and concealed, but it should still be visible.
The Value of Your 23K Gold
In order to get the melt value of your 23k gold piece, you'll need to multiply the total ounces of gold by the spot price of gold. We make this easy for you with our gold calculator. All you need to do is load up the calculator, select 23k from the purity dropdown box, enter the weight of your item, and then click the 'calculate' button.
It's always good to know the value of your gold item. If you were ever going to sell your item then you have a base price.
Gold items come in several different types of purities. Below we will review three similar alternatives to 23k gold.
21k gold is a less-common gold type found primarily in antique jewelry. It has 8.66% less gold content.
22k gold is a common gold type and can be found in every large jewelry store. It has 4.28% less gold content.
24k gold is pure gold. It has 4.28% more gold content. This is investment grade gold that is more often found in bullion items.