Scrap Gold Calculator

Category: Other Finance
- May 22, 2025
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Current Gold Market Price

Current market price for 24K gold

Gold Items

Enter the weight of your item
Select the gold purity
Item description for your reference

Dealer Settings

Typical dealer payout is 85-95% of melt value

Understand the Scrap Gold Calculator

The Scrap Gold Calculator is a handy tool designed to help you find out the value of your gold items. Whether you have old jewelry or scrap gold, this calculator gives you a quick estimate of how much it's worth based on current market prices. It’s user-friendly and straightforward, making it accessible for anyone looking to sell or trade gold.

Input Your Gold Details

To get started, you’ll need to input a few details about your gold items. You can enter the current market price of gold per troy ounce, the weight of each gold item, and its purity in karats. If you’re unsure about any of these values, the calculator offers guidance to help you make informed choices.

Calculate Gold Weight and Purity

One of the key features of the Scrap Gold Calculator is its ability to calculate both the total gold weight and the pure gold content. You input the weight in grams, troy ounces, or pennyweights, along with the purity of the gold. This ensures that you receive a clear understanding of how much pure gold you actually have.

See the Melt Value of Your Gold

The calculator not only tells you the weight and purity but also calculates the melt value of your gold. The melt value is the worth of the gold based on current market prices. This value can fluctuate, so using the calculator regularly can help you stay updated on your gold's worth.

Understanding Dealer Payouts

If you plan to sell your gold, knowing the dealer payout percentage is vital. The Scrap Gold Calculator allows you to set a dealer payout percentage, usually around 85-95% of the melt value. This helps you estimate what you might actually receive after selling your gold items.

Review the Item Breakdown

The calculator offers a detailed breakdown of each item you input. You can view descriptions, weights, purities, and calculated values all in one place. This feature is particularly useful for comparing different items and making decisions on selling or keeping them.

Get Comprehensive Results

Once you've entered all your data, you’ll receive a comprehensive summary. This includes total gold weight, pure gold content, melt value, and estimated payout. The results section also features charts to visualise the breakdown of your items and their values, making it easier to understand.

Important Considerations

  • Prices vary based on the gold spot market and dealer offers.
  • Weight conversions can be helpful: 1 troy oz equals roughly 31.1035 grams.
  • Most dealers will test the gold's purity before providing an offer.
  • Getting quotes from different dealers can help you secure the best price.