How To Calculate Selling Gold Jewelry

Find the melt value of your items.

How to calculate selling gold jewelry. If you are with a gold buyer and you are not at la cash for gold location please do not trust the buyer as they may not be licensed to buy gold and do not represent our company. For each group of gold divide the karat by 24 then multiply that number by today s gold price per gram. Karat of your jewelry.

If you re selling gold coins a reasonable settlement would be 90 of the market value. 10karat gold has 41 7 gold content 14 karat has 58 5 gold content 18 karat has 75 gold content and 24 karat is pure gold. If you have solid silver or gold coins or bars the weight will usually be noted on them.

Divide the daily gold price per troy ounce by the appropriate number above. For most items that aren t designer gold pieces your gold jewelry will be determined by the weight of the gold. For example if you have 10k gold and the current price of gold is usd 1 600 per ounce or usd 51 45 per gram 1 600 31 1 then the price of your scrap gold is usd 51 45 x 4167 usd 21 44 per gram.

Finally multiply the item s pure gold price by its gold content percentage its karat value divided by 24. Gold prices usually are quoted per troy ounce which is equal to 31 1 grams so you can easily divide the current gold price by 31 1 to get the price per gram. Weight of your items.

For example if your 14 karat gold jewelry weighs 9 grams then it contains about 5 25 grams pure gold 9 g x 58 3. This is the original jewelry cash for gold calculator designed and licensed exclusively for use by los angeles cash for gold located in pasadena california. Value your 14k gold jewelry.

It s beneficial for you to use this calculator because it will help you understand how much your gold is really worth before you try to sell it on the market so that you can get a fair price for your gold. If you are near the los angeles area national gold market is located in pasadena california. Pure gold is too soft to be used in jewelry so it s mixed with other metals.