However, since most scrap gold buyers will offer 60% to 80% of the market price, you’ll get between $23.15 and $30.86 per gram, which translates to $134.96 to $179.91 in total for your item (a price closer to the high end will likely only be offered if you have hundreds of grams to sell at once).

How much is 14K scrap gold worth today?

Today’s Gold Prices

What is scrap gold selling for?

How to calculate the value of scrap gold-recycling?

Multiply by the fineness of the gold. For each group of gold, divide the karat by 24, then multiply that number by today’s gold price per gram. For example, if you have 10KT gold and the current price of gold is $28.94 per gram ($900.00 / 31.1), then the price of your scrap gold is $28.94 x .4167 = $12.06 per gram.

What’s the value of a piece of gold?

For example, shops might be offering about $265 for your gold piece with a melt value of $659.86. After shopping around, you might have success by returning to those shops and offering to sell it for $330. You might not get that much, but you’ll be more likely to find someone willing to increase their initial offer.

Is it good to sell your unused gold jewelry?

Terence Bell wrote about commodities investing for The Balance, and has over 10 years experience in the rare earth and minor metal industries. If the price of gold is tempting you to sell unused jewelry, countless companies are looking for ways to get their hands on that unwanted gold.

How much does one gram of gold cost?

Once you’ve determined the purity of your gold, you need to measure it on a scale. 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.