REFERENCE

Gold Glossary A–Z

Plain-language explanations of common gold and bullion terms.

A test or analysis used to determine the composition or purity of a material.

Precious metal valued primarily for its metal content rather than as jewelry.

A measure of the proportion of precious metal in an alloy, often expressed in parts per thousand.

A monetary system in which a currency is linked to a specified quantity of gold.

A mark that can indicate metal purity or other information, subject to local standards.

A measure of the proportion of gold in an alloy; it differs from carat, a gemstone weight unit.

An amount charged above a reference metal price, often reflecting fabrication, distribution or market factors.

A reference market price for gold for near-term settlement.

The difference between a buying price and a selling price.

A precious-metals weight unit equal to about 31.1035 grams.