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When using a Gold Calculator, selecting the correct purity is therefore extremely important. If you enter 24K instead of 22K, the estimated value may be higher than the actual gold content of your jewelry. On the other hand, selecting a lower purity than the actual item can result in an unnecessarily low estimate.  A Gold Calculator makes this difference easier to understand. By entering the correct karat value, users can get an estimate that is closer to the actual gold content.