Scrap Gold Calculator
Find out what your scrap gold is worth before you sell. Enter the weight, karat purity, and current gold spot price to see the melt value. Supports grams, troy ounces, and pennyweight.
The value of scrap gold depends on three things: weight, purity (karat), and the current gold spot price. Not all gold jewelry is created equal. A 10-gram 14K gold ring contains only 5.83 grams of pure gold, while the same weight in 24K contains 9.99 grams of pure gold.
Here is a quick breakdown of gold purity by karat:
- 10K = 41.7% pure gold (common in affordable jewelry)
- 14K = 58.3% pure gold (most popular in the US)
- 18K = 75.0% pure gold (common in fine jewelry)
- 22K = 91.7% pure gold (popular in coins and Asian jewelry)
- 24K = 99.9% pure gold (bars, bullion, some coins)
At a spot price of $2,350 per troy ounce ($75.56 per gram), 10 grams of 14K gold has a melt value of about $440. Scrap gold buyers typically pay 70-90% of the melt value, so expect offers of $308-$396 for that same piece. Always know the melt value before you negotiate.