Definitions of Gold Terminology
- The chemical symbol for gold which is derived from "aurum", the Latin word for gold.
- Indicates the proportion of solid gold in an alloy based on a total of 24 parts. Thus, 14-karat (14K) gold indicates a composition of 14 parts of gold and 10 parts of other metals.
- A measurement of weight which is generally used in reference to gems. It is equal to about 3.086 grains Troy or 0.2 grams. It is not to be confused with KARAT (with a "k") which is a measurement of the fineness of gold.
- The term defines a gold content in parts per thousand. For example, a gold nugget containing 885 parts of pure gold, 100 parts of silver, and 15 parts of copper would be considered 885-fine.
- Pure, 24 karat, 999 fine gold.
- Items which are not hollow and contain at least 10 kt. or finer gold.
- Iron pyrite is often mistaken by novices for gold. Although its color resembles gold, its properties are very different from gold. It is hard and brittle while gold is soft and malleable.
- The troy ounce is the standard unit of weight for precious metals(gold,silver) and gemstones. One troy ounce is abbreviated "t oz","toz" "oz" or "oz t". It equals approximately 31.1 grams.
- 16 oz. are equal of 1 pound. - 32.1507 troy ounces = 1kg. - 1,000 kilograms(METRIC TON) = 32,151 troy ounces. - PennyWeight-Equals 24 grains or 1/20 of a Troy ounce
- Million Ounces = 28,349kg
- Thousand ounces, a unit of weight
- Metric tonne, equal to 1000 kilogram(1 tonne)
- grams per tonne
- The constantly fluctuating price of gold in unfabricated form.
- The word is used to describe articles of jewelry made of base metal that are covered on one or more surfaces with a layer of gold alloy. No article having a gold alloy portion of less than one twentieth by weight may be marked “gold-filled.” Articles may be marked “rolled gold plate” provided the proportional fraction and fineness designations are also shown.
are geological deposits and soils that are derived by in situ weathering or weathering plusgravitational movement or accumulation.
deposits are mixed with other deposits and are washed downstream in rivers or transported in among other sediments with water as its medium.
- Deposited by water movement
- Disintegration of rock at the site where it originates - not there through water movement