Updated: Aug 20, 2021

A unit in measurements of gold refinement. Pure gold is twenty-four carat. Gold is theoretically divided into twenty-four parts, so that eighteen carat gold would be eighteen parts gold and six parts alloy.

Reference: The Penguin Business Dictionary, 3rd edt.

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.