1) The value of gold is determinedby its carat which denotesthat gold is measured byits purity against a 24 partition.24 karats gold is consideredpurest in its form. In contrast,the 14 carat gold has theimpurities or added fillers tosolidify its gold content withother alloys. For 14 carat gold,the purity of gold is around 14/24 in value or roughly around58-59% pure gold.