Many countries only allow certain caratages of gold jewellery to be sold. For example, in the United Kingdom, one can make and sell 9, 14 ,18 and 22 carat gold jewellery but not 12 carat gold as the latter is not a recognised caratage standard by law. In some countries, jewellery lower than 12 carats (50% gold or 500 fineness) cannot be described as gold.

The advantage of making jewellery in caratages lower than 24 ct, apart from price, is the wide range of colour that can be achieved, from socalled green, pale yellow, yellow, rose/pink to red as well as white, depending on the balance of other alloying metals used. The lower the caratage, the wider range of colour is possible (see Colours of Gold). Additionally, properties such as strength and hardness are improved over pure gold, leading to improved wear and scratch resistance and less liable to distortion and damage.

The caratages of jewellery allowed by law varies from country to country (see below for link to Table of national fineness standards). In the U.K., for example, the following caratages are allowed: 9 (375), 14 (585), 18 (750), 22 (916), and 24 (990 and 999). In many countries, a large range of caratages is legally allowed but only a few are in common use. The dominant caratage also varies as shown in the next table: