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How Much Is a 24K Gold Chain Worth? Gold Chain Price Guide

on May 01, 2024

24K gold is pure gold, with no other metals added to it. Although it’s rarely used in jewelry making, you may still find some exclusive 24K gold chains or those holding a cultural value.

Obviously, pure gold is the most expensive option, but how much is a 24K gold chain worth?

While the market value of gold can be found through live charts, the 24K pure gold chain price also depends on any additional design elements or craftsmanship costs. Besides, considering the chain weight along with its condition is also crucial for evaluating the price.

In this ultimate gold chain price guide, you’ll find detailed information about pure gold and the factors that determine the price of 24K gold chains. If you’ve decided to buy a modern gold chain with an elegant design and bold look, check out the exquisite gold chain collection from IceCartel.

What Is 24K Gold

Pure gold has the highest karat weight, which is 24K. In 24K gold, 99.99% of the weight is pure gold, with no additional metal alloys.

Due to the highest pure gold content, 24K gold has the richest dark yellow color, making it easily distinguishable from other types of gold alloys.

Pure gold is hypoallergenic and excellent for sensitive skin as it has no added nickel to it, which is the most common culprit for skin allergies.

While 24K gold is non-reactive and corrosion-resistant, it’s a very soft metal that can be bent and scratched pretty easily. This is why 24K gold isn’t quite suitable for making jewelry. Instead, jewelers use lower-purity gold alloys (18K and lower) for added strength and durability.

Still, 24K gold may be used for making traditional or one-of-a-kind pieces of jewelry. It can also be incorporated into custom gold chains. Note that 24K gold jewelry can easily be deformed, so it’s recommended to use 14K or 18K gold as an alternative. 

Determining the Value of a 24K Gold Chain

As explained in the previous section, 24K gold is rarely used for making chains. However, if you decide to buy/sell an exclusive or custom-made 24K gold chain, here are a few factors to keep in mind when determining its price. 

Market Price of 24K Gold

The current market price of pure gold equals the market value of a 24K gold chain. You can find the gold price trends through live charts online.

As gold prices constantly go up and down, the 24K gold price fluctuations have a significant impact on its market value. 

24K Gold Purity

how expensive is 24k gold

The purity of a gold chain is another factor that affects its price. In the case of a 24K gold chain, the purity is 99.99%.

As 24K gold chains are made of almost 100% pure gold, you don’t need to do any calculations to determine the market price of your chain. You should just consider the weight of your chain and multiply it by the price of one gram of gold. The current market price of gold will be the market value of your chain.

Let’s say a 24K gold chain weighs exactly 25 grams and the current market price of gold is $75 per gram. The market value of your gold chain will be $1,875 when ignoring the additional gemstones, design, and other decorative details. 

Total Weight of the Chain

The price of a 24K gold chain cannot be evaluated without measuring its total weight. As the production of heavy gold chains requires more gold, they tend to be more expensive than lightweight options.

However, 24K gold chains that weigh less but hold cultural significance or feature intricate elements may cost more than heavier ones. 

Chain Design Complexity

The 24K pure gold necklace price also depends on its overall design complexity. Gold chains with a plain design and basic details have a lower price, whereas necklaces that incorporate intricate embellishments and exclusive patterns cost more.

In fact, 24K gold chains are often made exclusively, meaning that you should expect them to be more pricey than the actual market value of pure 24K gold. 

Jeweler’s or Brand Reputation

If you’re wondering how much a 24K gold chain is worth, don’t forget to consider the reputation of a jeweler or brand. In general, experienced jewelers have higher price points, whereas those with a lower level of expertise can go below that point.

When it comes to 24K gold chains, inexperienced jewelers rarely use pure gold when making jewelry. Therefore, 24K gold chains tend to be more expensive as they are typically crafted by well-established jewelers. 

Resale Value

The resale value of a 24K gold chain is another crucial factor to keep in mind. As mentioned earlier, 24K gold is rarely used in gold chains, but when it is, the resale value of the chain is significantly high. This is due to the 99.99% purity of 24K gold.

The resale price of 24K gold chains increases when intricate details or traditional elements are added to the chain design. Besides, chains from a luxury brand or a reputable local jeweler typically also have a higher resale value.

That being said, 24K gold chains with a high resale value tend to be more expensive as buying such jewelry is often regarded as a reasonable investment

24 karat gold chain price

Chain Condition

Pure gold is a soft metal, so the chains made of 24K gold can easily get scratched or damaged. Therefore, the condition of a 24K gold chain is an important factor when selling or buying pre-owned jewelry.

24K gold chains often show at least minor signs of wear, even when worn just a couple of times. However, the price of the chain generally remains high due to the 99.99% purity of 24K gold. 

Addition of Gemstones

While 24K gold is not suitable for bulky chains, it can be combined with natural crystals to craft an exquisite masterpiece. The price of a 24K gold chain increases with the addition of precious and semi-precious gemstones, such as diamonds, moissanite, sapphires, emeralds, rubies, opals, and more.

Buy Gold Chains from IceCartel

As 24K gold is characterized by high purity but low strength and no scratch resistance, we recommend opting for a 14K gold chain as a more affordable and highly durable alternative.

If you’re looking for an eye-catching gold chain design that integrates elegance and opulence, IceCartel is the most reliable online destination for purchasing some of the finest 14K gold chains available on the market.

Whether you want to get a standard gold chain or customize it to reflect your personality and style, IceCartel offers unlimited custom chain-making services. Get your free custom jewelry quote from IceCartel and tailor a 14K gold chain to your liking.

Here are some of the top-notch 14K gold chains from IceCartel. 


24K gold has the highest, 99.99% purity. It’s not combined with any alloys, making it the most expensive gold type.

Despite the purity of 24K gold, it’s hardly ever used in jewelry-making due to being extremely soft and having no scratch resistance. However, some traditional or custom-made gold chains may incorporate 24K gold as the primary material.

So, how much is a 24K gold chain worth?

While quite rare, 24K gold chains are still available on the market, and determining the price is a multi-step process.

The factors that influence the value of a 24K gold chain include the market price of gold, chain weight, design intricacy and exclusivity, presence of traditional elements or gemstones, the reputation of a jeweler or brand, and the chain condition.

Without considering each of the factors listed above, you may not be able to provide an accurate evaluation of the 24K gold chain price. 

Author Joosep Seitam

Joosep Seitam

Joosep was born in Tallinn, Estonia - a small country in northern Europe. He is an entrepreneur and one of the co-founders of Icecartel. Joosep has been in the jewelry industry since 2019, the year when he started the brand from scratch. During these years, Joosep has learned everything there is about the jewelry industry and he's here to share it all!

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