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1 percent alloy. The gold would be soft.
18kt refers to the gold content of the necklace material, and 18 inch is the length. Without knowing what the link size is and the gauge of the material it is impossible to know the weight.
14 parts out of a total of 24 parts. 24 carat gold is pure gold, so 14 carat is 58.3% gold (the balance is generally silver). But that is a measure of the gold parts-per-thousand, or 583 parts-per-thousand in 14 k gold, not a measure by weight. Because gold is much heavier than the medals added to make the alloy, the percentage of the gold content by weight may be in the 70% to 80% range depending on the mix of copper, silver, and other metals.
Most gold bricks or bars are 99.99% pure gold
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