Gold Scrap Value Calculator
Estimate the melt value of scrap or karat gold. Enter the weight, karat and the current spot price per gram or per troy ounce to see the pure gold value.
How to value scrap gold
- Weigh the gold in grams and note its karat stamp, for example 14k.
- Enter today's gold spot price, per gram or per troy ounce.
- Read the pure gold content and its melt value, then copy the result.
Examples
14k gold by the gram
10 g of 14k, spot $60 per gram
5.8333 g pure gold worth $350.00
Pure gold by the ounce
1 troy oz of 24k, spot $2400 per ounce
$2,400.00 melt value
Frequently asked questions
How is gold melt value calculated?
Multiply the weight by karat divided by 24 to get pure gold content, then multiply that by the spot price per gram. A per ounce price is divided by 31.1034768 to get the per gram price.
Why do I need to enter the spot price myself?
This tool stays deterministic and private, so it never fetches live prices. Look up the current gold spot price and type it in for an up to date figure.
Will a buyer pay the full melt value?
Usually not. Refiners and pawn shops pay a percentage of melt to cover refining and profit, often 70 to 90 percent for scrap.
How many grams are in a troy ounce?
A troy ounce is 31.1034768 grams, heavier than the 28.35 gram standard ounce. Precious metals are always priced per troy ounce.
Does this value gemstones or branding?
No. It only values the gold metal content. Diamonds, designer branding and craftsmanship can add resale value beyond the melt figure.
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