1 oz = 28.349 grams Pure gold price in US at 2:00 PM EDT = $1049/oz = $37/gram 14 karat /
24 karat = 58.3% pure gold in this chain This chain is 15 grams of 14 karat gold = 0.583 * 15 g = 8.745 grams of pure gold Actual pure gold value of this chain = 8.745 g * $37/g = $323.56 THIS IS A GOOD DEAL AS IT ONLY HAS A MARK UP OF 20% SINCE IT IS PRICED AT $400.