Gold Calculator: Find Your Gold Value Fast
Know what your gold is worth in seconds
A gold calculator lets you find out how much your gold is worth based on weight, karat purity, and the current gold price. Whether you’re checking a gold chain, ring, bracelet, or scrap gold, this calculator converts grams, tola, troy ounces, and pennyweights into pure gold value. Simply enter your gold weight, choose the karat (24K, 22K, 18K, 14K, 10K), and the tool calculates gold value per gram, melt value, and estimated cash payout using today’s spot price. You can also convert gold prices between USD and other currencies instantly.
According to today’s rates, gold in USA has reached 24K gold price today in USA (per 1 oz).
- Works for 24K to 8K
- Grams, oz, tola, dwt
- Spot price input
- Updated Feb 14, 2026
Live Gold Price Today by Weight and Karat
Gold prices change every day. Sometimes they change every minute. This live gold price shows the current spot rate so you can calculate with real numbers. You can check the gold price per gram, per troy ounce, or per tola. This helps when you value 14K, 18K, 21K, or 22K gold. Always start with the current price before you calculate gold value, melt value, or scrap payout.
This works for the USA market and global users. Prices update automatically. You do not need to refresh the page.
Gold Calculator: Gold Value, Gold Weight, Jewelry, Scrap Melt Value
Use this gold calculator to estimate gold price per gram, total gold value, gold chain value, and gold melt value. Works for chains, rings, bangles, pendants, and supports grams, tola, ozt, and dwt. Today’s 24K gold price in USA is based on live market data (per 1g).
Gold Value Calculator
Estimate total gold value using weight, unit, and karat. Great for “how much is 1 gram of gold worth” style queries.
Explanation will appear here.
Formula will appear here.
Gold Jewelry Calculator
Use this for gold chain weight calculator, ring value, bangles, and pendants. Compares estimated melt value vs retail value (making charges included).
| Item | Average Weight Range |
|---|---|
| Gold Chain (Thin) | 2g – 5g |
| Gold Chain (Thick) | 10g – 30g+ |
| Ring / Band | 2g – 8g |
| Bangle (Single) | 10g – 20g |
| Pendant | 2g – 10g |
Explanation will appear here.
Scrap Gold Calculator (Melt Value + Cash Offer)
Estimate cash for gold payouts and gold melt value. Helpful for “pawn shop gold calculator” and “scrap gold price” intent.
Explanation will appear here.
Gold Weight Converter (g, tola, ozt, dwt, oz, kg)
Currency Converter (USD ⇄ Any Currency)
Convert from USD to any currency or convert back to USD using your exchange rate. Pick a currency for the symbol or choose “Other” for custom.
What Your Gold Calc Result Means
Your gold calculator results show more than a number. They explain what your gold is worth today and why that value changes. This section helps you understand total gold value, pure gold weight, melt value, and pawn shop pricing. Use it to make smarter selling and buying decisions.
What Total Gold Value Means
Total gold value shows how much your gold is worth at today’s spot price. The calculator converts your weight into grams first. Then it applies your selected purity. After that, it multiplies the pure gold weight by the live gold price per gram. This number reflects market value, not what a pawn shop will pay.
What Pure Gold Weight Means
Pure gold weight shows how much actual gold your item contains. Most jewelry is not pure gold. The calculator removes the alloy weight for you. For example, 14K gold contains 58.5 percent pure gold. This number matters because gold buyers pay for pure gold content, not total item weight.
Spot Price vs Melt Value vs Retail Value
Spot price is the live market price of pure gold. Melt value shows what your gold is worth if melted based on purity and weight. Retail value includes design and labor costs. Your calculator focuses on spot price and melt value. Retail prices matter when buying jewelry, not when selling it for gold.
Why Pawn Shop Gold Prices Are Lower
Pawn shops pay less than market value because they need profit room. They also cover testing, refining, and resale risk. Most shops offer a percentage of melt value, not spot price. Your calculator shows true market value first. Then you can compare it with typical pawn shop payout rates.
Test the Calculator With Real Examples
Use the examples below to test each calculator module. Enter the values exactly as shown. You can change them later to match your own gold.
Example 1: Gold Value Calculator – How much is my gold worth?
Use this to test: Gold Value module
- Weight: 10 grams
- Purity: 14K (58.5%)
- Gold price unit: per gram
- Gold price: 77.16 USD per gram
What you should see:
- Total gold value based on pure gold content
- Pure gold weight around 5.85 grams
Example 2: Jewelry / Chain Calculator – How much is my gold chain worth?
Use this to test: Jewelry or Chain module
Jewelry type: Gold Chain
- Weight: 20 grams
- Purity: 22K (91.6%)
- Making charge: 15%
What you should see:
- Melt value based on gold content
- Retail estimate higher than melt value
Example 3: Scrap / Melt Calculator
Use this to test: Scrap or Melt module
- Weight: 10 dwt
- Purity: 18K (75%)
- Payout rate: 75%
What you should see:
- Market melt value
- Estimated cash offer lower than market value
Example 4: Gold Weight Converter – How many grams is my gold?
Use this to test: Weight Converter
- From: 10 tola
- To: grams
What you should see:
Converted weight around 116.638 grams
Example 5: Currency Converter – Gold price in my local currency
Use this to test: Currency Converter
- USD amount: 100
- Exchange rate: 278
- Target currency: PKR
What you should see:
- Converted value around 27,800 PKR
- Currency symbol matches selected currency
Want to sell your gold or check jewelry value? Try these calculators.
Calculate 14K gold chain weight in grams instantly. Enter length and width to estimate solid or hollow chain mass before you buy or sell.
Try calculatorUse our 18K Gold Price Calculator to find true jewelry value instantly. Get live rates per gram, ounce, and total melt value in seconds.
Try calculatorUse our 22K Gold Price Calculator to find jewelry value instantly. Get live rates per gram, total melt value, and scrap estimates in seconds.
Try calculatorUse this Gold Chain Value Calculator to find your jewelry's worth. Check live melt value, scrap payouts, and 14K/18K retail prices instantly.
Try calculatorCalculate melt value and retail price instantly. Our free Gold Jewelry Calculator shows real dealer cash offers for 10K, 14K, & 24K items.
Try calculatorFree Gold Karat Calculator: Convert karat to fineness stamps like 585 & 750. Check purity % and gold weight fast.
Try calculatorHow the Gold Calculator Works Step by Step
This section explains what happens after you enter your numbers. It helps you trust the results and understand each step. You can follow along using your own values in the calculator above.
Set the Current Gold Price
First, you enter the current gold price at the top of the page. You choose a price and a unit, such as per gram or per troy ounce. The calculator converts this into a price per gram. Every module on this page uses this same price.
Enter the Gold Weight and Unit
Next, you enter how much gold you have.
You can choose grams, tola, ounces, or pennyweight. The calculator converts your input into grams. Grams are used as the standard unit for all calculations.
Today’s 24K gold price in USA is based on live market data (per 1 tola).
Select the Gold Purity
Now you select the gold purity, such as 10K, 14K, or 24K. Each karat represents a percentage of pure gold. The calculator applies this percentage to your total weight. This gives the pure gold weight.
Calculate the Gold Value
The calculator multiplies three things: Pure gold weight, Price per gram, and Your selected currency. This gives the total gold value. For jewelry and scrap, extra steps are added. These include making charges or dealer payout rates
Adjust for Jewelry, Scrap, or Currency
Some modules apply additional logic. Jewelry adds making charges to the melt value. Scrap applies a payout percentage. Currency conversion applies an exchange rate. Each adjustment is shown clearly in the result section. Nothing is hidden.
Quick Formula Used
Gold value = weight × purity × price per gram
Why This Process Is Accurate
- All weights convert to grams
- All prices normalize to price per gram
- Purity is applied before value
- Each step updates in real time
This method matches how gold is priced in real markets. It also reflects how jewelers and pawn shops calculate value.
Try It Yourself
- Set the gold price at the top.
- Then enter your own weight and purity.
- Switch between modules to compare results.
- You will see how jewelry value, scrap value, and market value differ.
Gold Calculator Formula and Variables (Complete Breakdown)
This section explains how your gold calculator gets every result. You see the exact formula behind gold value, jewelry pricing, scrap payouts, weight conversion, and currency conversion. Each calculation uses real inputs you enter. This helps you trust the numbers, test the calculator, and understand what your gold is worth before you buy, sell, or compare prices.
You always start with the gold spot price. Today’s 24K gold price in USA is based on live market data (per 1g). Then the calculator converts weight into grams, applies purity, and calculates value. Jewelry results add making charges. Scrap results apply a payout rate. Converters follow fixed unit formulas. Every step stays transparent so you can verify results yourself.
Gold Value Formula Explained
This formula powers the Gold Value Calculator module. You use it when you want to know how much your gold is worth by weight and karat. It works for grams, tola, troy ounces, pennyweight, and more. The calculator always converts everything into grams first. Then it applies purity and price.
Gold Value Formula
Gold Value = Weight in grams × Purity factor × Price per gram
This formula uses three inputs only. Each input comes directly from the calculator fields you control.
Variable 1: Gold Weight
Gold weight is the amount of gold you enter. You can enter weight in grams, tola, troy ounces, ounces, or pennyweight. The calculator converts your unit into grams automatically. This step removes guesswork. It ensures every calculation uses the same base unit.
Example:
- 10 grams stays 10 grams.
- 10 tola converts to 116.638 grams.
Variable 2: Purity Factor (Karat Value)
Purity shows how much real gold is inside the item. Pure gold is 24K. Lower karats contain mixed metals.
Each karat has a fixed purity factor:
- 24K = 0.999
- 22K = 0.916
- 18K = 0.750
- 14K = 0.585
The calculator applies this factor to the total weight. This gives the pure gold weight only.
Variable 3: Gold Price Per Gram
Gold price always starts from the spot price. You usually see it quoted per troy ounce. The calculator converts it into price per gram.
Example:
- Spot price = 2400 USD per troy ounce.
- 1 troy ounce = 31.103 grams.
- Price per gram = 77.16 USD.
This value feeds all gold value calculations.
Example Calculation You Can Test
Use this exact input to test the calculator.
Given:
- Spot price: 2400 USD per troy ounce
- Weight: 10 grams
- Purity: 14K
Calculation:
Price per gram = 2400 ÷ 31.103 = 77.16
Pure gold weight = 10 × 0.585 = 5.85 grams
Gold value = 5.85 × 77.16
Result:
- Total Gold Value = $451.40
You should see the same number in the calculator result panel.
Why This Formula Matters
This formula shows the real market value of your gold. It does not include making charges or dealer margins. It reflects gold content only. Because of this, results may differ from pawn shop offers. You now know the baseline value before selling or comparing prices.
Jewelry Calculator Formula Explained
This formula powers the Jewelry / Chain Calculator module. You use it when you want to estimate the value of gold jewelry, not raw gold. It works for chains, rings, bangles, pendants, and bracelets. The calculator shows both melt value and retail value.
Jewelry Value Formula
The jewelry calculator uses two formulas.
Melt Value = Pure gold weight × Price per gram
Retail Value = Melt value × (1 + Making charge %)
The calculator always calculates melt value first. Then it adds making charges to estimate retail value.
Variable 1: Jewelry Weight
Jewelry weight is the total weight of the item. You enter this in grams, tola, troy ounces, or pennyweight. The calculator converts the unit into grams.
This includes gold and alloy together. Purity gets applied in the next step.
Variable 2: Jewelry Purity (Karat)
Purity tells the calculator how much real gold is inside the jewelry. Most jewelry is not pure gold.
Common values include:
- 22K for chains and bangles
- 18K for rings and modern designs
- 14K for lightweight or Western jewelry
Each karat has a fixed purity factor. The calculator multiplies total weight by this factor.
Variable 3: Making Charges Percentage
Making charges cover labor and design work. They vary by region and complexity.
Typical ranges are:
- 10 to 15 percent for simple chains
- 15 to 25 percent for detailed designs
The calculator applies this percentage only to the melt value. It does not affect gold purity
Example Calculation You Can Test
Use this example directly in the Jewelry module.
Given:
- Item type: Gold Chain
- Weight: 20 grams
- Purity: 22K
- Making charges: 15 percent
- Spot price: 2400 USD per troy ounce
Calculation:
Price per gram = 77.16 USD
Pure gold weight = 20 × 0.916 = 18.32 grams
Melt value = 18.32 × 77.16 = 1,413.06 USD
Retail value = 1,413.06 × 1.15
Result:
- Melt Value = $1,413.06
- Retail Value = $1,625.02
You should see both values clearly in the results panel.
Why Jewelry Value Is Higher Than Scrap Value
Jewelry includes design and craftsmanship costs. Scrap value counts gold only. Retail value reflects what buyers usually pay. This explains why pawn shops offer less. They pay close to melt value, not retail value
Scrap Gold and Melt Value Formula Explained
This formula powers the Scrap / Melt Calculator module. You use it when you want to know how much cash you can get for gold. This includes broken jewelry, old chains, rings, or mixed scrap gold.
Scrap Gold Formula
The scrap calculator uses two connected formulas.
Market Melt Value = Pure gold weight × Price per gram
Cash Offer = Market melt value × Dealer payout percentage
The calculator always finds the true melt value first. Then it applies the payout rate you choose.
Variable 1: Scrap Weight
Scrap weight is the total weight you bring to sell. You can enter this in grams, pennyweight, tola, or troy ounces. The calculator converts your input into grams. This ensures accurate pricing across all units.
Variable 2: Gold Purity (Karat)
Purity tells how much real gold exists in the scrap. Lower karat gold contains more alloy.
Common scrap purities include:
- 10K from old rings
- 14K from chains
- 18K from premium jewelry
The calculator applies a purity factor to get pure gold weight.
Variable 3: Dealer Payout Percentage
The payout percentage reflects what buyers pay you. Pawn shops usually pay less than refiners.
Typical payout ranges are:
- 60 to 75 percent at pawn shops
- 85 to 95 percent at refiners
You control this value in the calculator. This shows realistic cash expectations.
Example Calculation You Can Test
Use this example in the Scrap / Melt module.
Given:
- Scrap weight: 10 pennyweight
- Purity: 18K
- Dealer payout: 75 percent
- Spot price: 2400 USD per troy ounce
Calculation:
10 dwt = 15.5517 grams
Pure gold weight = 15.5517 × 0.75 = 11.6638 grams
Market melt value = 11.6638 × 77.16 = 899.73 USD
Cash offer = 899.73 × 0.75
Result:
- Market Melt Value = $899.73
- Estimated Cash Offer = $674.79
These numbers should match your calculator output.
Why Pawn Shop Prices Are Lower
Pawn shops must resell or refine gold. They also cover risk and operating costs. Because of this, payouts stay below market value. The calculator helps you see fair ranges before selling.
Weight Conversion Formula and Units Explained
Gold prices only work when weight is accurate. That is why every calculator on this page converts weight first. Once weight is in grams, the calculator applies purity and price.
The Core Conversion Rule
All gold calculations follow one rule.
Convert the entered weight into grams first.
Grams act as the base unit. Every other unit converts into grams using fixed values. After conversion, the calculator applies purity and price.
Gold Weight Conversion Formula
Weight in grams = Entered value × Unit conversion factor
Each unit has a fixed gram value. This prevents rounding errors and keeps pricing consistent.
Common Gold Weight Units Used
These are the most used gold weight units in the calculator.
Grams (g)
Grams are the global standard for gold pricing. Most gold price per gram calculations use this unit.
1 gram = 1 gram
No conversion is needed.
Today’s 24K gold price in United Kingdom is based on live market data (per 1g).
Tola
Tola is widely used in South Asia and the Middle East. Many people search gold prices using this unit.
1 tola = 11.6638038 grams
The calculator supports full tola conversions.
Today’s 24K gold price in India is based on live market data (per 1 tola).
Ounce (oz)
This is a standard avoirdupois ounce. It is not the same as a troy ounce.
1 ounce = 28.349523125 grams
The calculator treats this unit separately.
Today’s 24K gold price in USA is based on live market data (per 1 oz).
Example Conversion You Can Test
Use this example in the Weight Converter module.
Given:
- Value: 10
- From unit: Tola
- To unit: Grams
Calculation:
10 × 11.6638038
Result:
- 116.638 grams
You should see this value in the result field.
Why This Matters for Gold Pricing
Even small unit mistakes change gold value. Using the wrong ounce can cause large errors. The calculator removes this risk. It converts everything correctly before pricing.
Troy Ounce (ozt)
Troy ounces are used in gold markets worldwide. Spot gold prices are often quoted in this unit.
1 troy ounce = 31.1034768 grams
This is different from a regular ounce.
Today’s 24K gold price in USA is based on live market data (per 1g).
Pennyweight (dwt)
Pennyweight is common in pawn shops. Many scrap gold buyers still use it.
1 pennyweight = 1.55517384 grams
This unit often appears in scrap gold quotes.
Currency Conversion Formula and Exchange Rates Explained
Gold prices change every day. So do exchange rates. That is why your calculator uses a simple rule. It calculates in USD first. Then it converts the final result into your chosen currency.
Why the Calculator Uses USD First
Your spot price input is in USD. So the calculator builds every result in USD first.
This includes:
- Gold Value results
- Jewelry melt and retail results
- Scrap melt and cash offer results
After that, it converts the final number using your exchange rate. This is the cleanest way to avoid errors.
Exchange Rate Meaning in This Calculator
Your exchange rate field always means this:
1 USD = X local currency
So if you type 278 for PKR, that means:
1 USD = 278 PKR
That same format works for INR, AED, EUR, GBP, or any other currency.
Currency Conversion Formula
The formula stays simple.
Local amount = USD amount × Exchange rate
If your USD value is 100 and your rate is 278, then:
- Local = 100 × 278
- Local = 27,800
This is what the currency converter uses in USD to Local mode.
Reverse Conversion Formula
Your currency converter also supports Local to USD mode.
USD amount = Local amount ÷ Exchange rate
So if your local amount is 27,800 PKR and your rate is 278:
- USD = 27,800 ÷ 278
- USD = 100
This helps when you know a local gold quote and want the USD value.
Example You Can Test in the Currency Module
Use this in the Currency Converter module.
Given:
- Mode: USD → Local
- Amount in USD: 100
- Exchange rate: 278
- Local currency: PKR
Calculation:
100 × 278
Result:
- ₨27,800.00
Now click Swap. You should see:
- Mode changes to Local → USD
- Amount auto-fills near the last value
- Result resets so you can convert back
How Display Currency Works in the Gold Modules
The top bar lets you choose the display currency. That choice changes the currency symbol for results. But the calculation still starts in USD. Then it uses your exchange rate to show the output in that currency. So your results stay correct. Only the display changes.
Why Your Converted Result Can Look Different
A few things can change the final number:
- Your exchange rate value
- The spot price you entered
- The unit you picked for spot price
- Rounding to two decimals
So if your rate is old, your local result will be off. That is normal. Use the latest rate for the best accuracy.
Result Benchmarks and Ranges
Your attendance percentage isn’t just a number. It helps you understand where you stand and what actions you should take to maintain eligibility. Institutions in the U.S. and India follow similar rules, but the acceptable range often varies. Here’s a quick breakdown to help you evaluate your score and make a plan.
| Result Type | Label | What It Represents | Typical Use | Notes |
|---|---|---|---|---|
| Spot Value | Market Price | Live gold price based on pure gold weight. | Reference for gold pricing. | Does not include dealer margins. |
| Melt Value | Refined Value | Spot value adjusted for purity. | Scrap and resale comparison. | Most buyers start negotiations here. |
| Jewelry Retail | Retail Estimate | Melt value plus making charges. | Insurance or resale planning. | Varies by design and brand. |
| Pawn / Dealer Offer | Cash Offer | Dealer payout on melt value. | Immediate cash sale. | Usually 60%–90% of melt. |
| Converted Currency | FX Value | Gold value converted from USD. | International comparison. | Depends on live exchange rate. |
Important: Actual payouts vary by dealer, location, and market demand. Always compare offers before selling gold.
How to Read This Table With the Calculator
First, set your spot price in the top bar. Then enter your gold details in any module.
Now compare:
- Spot value vs melt value
- Melt value vs pawn offer
- USD result vs local currency result
This shows where value is lost. It also shows where negotiation matters.
What This Means For You
If your result is close to melt value, the offer is fair. If it is far lower, you should compare dealers. If you are valuing jewelry, retail value helps with insurance. If you are selling scrap, payout percent matters most. This table turns numbers into decisions.
Quick Example Using the Gold Value Module
Inputs:
- Gold weight: 10 grams
- Purity: 14K
- Spot price: 2400 per troy ounce
Results you will see:
- Spot reference price per gram
- Melt value based on purity
- Converted value in your chosen currency
Now check the table above. You can instantly see why a pawn shop pays less.
Insights and Smart Recommendations
Use your gold calculator results to make better decisions. Check the live gold price before you sell or buy. Compare melt value with dealer offers. This helps you avoid low payouts. Also, review purity and weight carefully. Small changes can shift value fast. These insights help you act with confidence in real market conditions.
When to Sell Gold
You should sell gold when prices are high and stable. Gold prices change daily. Sometimes they change by the hour. Before selling, check the current gold price in the calculator. Then compare melt value and dealer offers. This helps you avoid selling too early or too late.
How to Avoid Low Offers
Low offers happen when you do not know your gold value. Many buyers rely on confusion.Use the calculator first. Check your pure gold weight and melt value. Then compare that number with the offer. If the gap is large, walk away and check another buyer.
How Purity Affects Payouts
Purity controls how much real gold your item contains. Lower karat gold has more alloy and less gold. The calculator applies purity before pricing. This shows your true gold content. Higher purity leads to higher payouts. Always confirm karat before accepting an offer.
Why Live Price Timing Matters
Gold prices move with markets and demand. Even small price changes affect payouts. Using the current gold price helps you estimate value more accurately. This matters most when selling scrap or jewelry. Timing your sale during strong prices can increase your return.
Use these tools to double-check your numbers before selling or buying.
Gold 11
Calculate precise scrap worth with the Gold Melt Value Calculator. Supports 24K-10K, refining fees, and live spot prices. Get your net payout result now.
Try calculatorUse the Gold Price Calculator by Weight to find the true value of your jewelry or scrap. Supports grams, tola, ozt, and all purities.…
Try calculatorUse our free Gold Price Per Gram Calculator for live values. Check 14K, 18K, 22K & 24K rates instantly based on real-time spot prices.…
Try calculatorConvert gold weight instantly. Accurate grams, troy ounces (ozt), and tola calculator for jewelry and scrap dealers.
Try calculatorGet an instant cash estimate with our free Scrap Gold Calculator. See real dealer payouts, deduct fees, and value 10K, 14K, or 18K gold…
Try calculatorCommon Mistakes When Calculating Gold Value
Many people get the wrong gold value because of small input mistakes. This gold calculator helps you avoid them. However, you still need to enter the right weight, purity, and price. Below are the most common errors users make when calculating gold value, melt value, and pawn shop offers. Reading this first helps you get accurate results fast.
- Many users enter grams but leave the unit set to ounces or tola. This changes the result a lot. Always match the number with the correct unit before you calculate.
- Choosing 24K instead of 14K or 18K gives a higher value than your gold is worth. Always check the stamp on your jewelry first. Then select the exact purity.
- The spot price shows market value. Pawn shops and buyers pay less. Use the scrap and melt module to see realistic cash offers.
- Gold prices change daily. Old prices give wrong results. Always enter the current gold spot price before testing any module.
- Results change with currency and exchange rate. If you switch from USD to another currency, update the rate. This keeps the final value accurate.
Frequently Asked Questions (FAQs)
How is the gold value calculated?
The value of gold is calculated using a standard formula: Weight × Purity % × Current Spot Price. To get an accurate estimate, you must first determine the gold karat (e.g., 14K is 58.5% pure, 18K is 75% pure) and weigh the item in grams or troy ounces. This gold calculator performs these conversions instantly, helping you estimate the melt value of jewelry, coins, and scrap gold before selling to a dealer or pawn shop.
How do I calculate the price of gold per gram?
To calculate the cost per gram, take the current spot price of gold (usually quoted per troy ounce) and divide it by 31.1 (the number of grams in a troy ounce). Then multiply that number by the gold’s purity percentage (e.g., 0.585 for 14K or 0.750 for 18K) to find the value of the pure gold.
Does this calculator estimate the value of diamond or gemstone jewelry?
No, this calculator estimates the gold melt value only. It does not account for diamonds, gemstones, or the artistic value of the jewelry. For an accurate result, you should deduct the weight of any stones or non-gold clasps before entering the weight into the calculator.
What is the difference between a Troy Ounce and a regular Ounce?
A Troy Ounce (ozt) is the standard unit for weighing precious metals and is heavier than a standard “kitchen” ounce. One troy ounce equals approximately 31.1 grams, whereas a regular (avoirdupois) ounce equals roughly 28.35 grams. Always ensure you use the correct unit to avoid undervaluing your gold.
How much do pawn shops or dealers pay for scrap gold?
Most pawn shops and gold dealers do not pay the full market spot price. They typically offer 60% to 80% of the melt value to cover refining costs and profit margins. Use the “Dealer Payout” slider in our Scrap Calculator module to see realistic cash-in-hand estimates based on these percentages.
Is 18K gold worth more than 14K gold?
Yes, 18K gold is more valuable because it contains 75% pure gold, while 14K gold contains only 58.5% pure gold. The higher the karat, the more gold the item includes, and the higher its melt value per gram will be.
What is "Spot Price" and where do I find it?
The Spot Price is the current market trading price for one troy ounce of pure (24K) gold. You do not need to look elsewhere we have provided a live gold price chart at the top of this page. Simply copy the real-time rate from the widget above and enter it into the “Current Market Price” field in the calculator to get the most accurate result.
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