While the 24 part means pricey, the kgb part is not so much.
The karatage of the jewelry will tell you what percentage of gold it contains: 24 karat is 100 percent, 18 karat is 75 percent, and 14 karat is 58 percent gold.
However, KGB stands for "Karat Gold Bonded" which describes jewelry composed of a sheet of Karat which is mechanically affixed (bonded) on top of a Sterling Silver core. This means that a layer of 24 karat gold has been used to coat another metal. The price will depend on the value of the underlying metal and the gold overlayed.
The Gold price in the USA in U.S Dollars (USD) is updated once every 15 minutes, based on the latest gold price from the NYSE COMEX. Visit goldpricenetwork.com to get detailed gold price reports in over 100 currencies per ounce, gram, and kilogram in different carats 24k, 21k, 18k, 14k, and 10k.
Gold is among the most loved precious metals in the world. It’s a wonderful ornament to wear as well as a great hedge against inflation and falling markets.
But how well do you know your gold jewellery and what things should you keep in mind while buying gold ornaments? Check out 5 tips on buying gold jewellery, shared by NDTV Profit.