Gold Calculator

Find the true value of your gold instantly. Calculate the price of jewelry, coins, and scrap gold based on live market spot prices.

Market Data

$ PER OUNCE

*Enter today's price for accuracy.

Item Details

0% (Market Value)

Scrap dealers typically take 10-30% cut.

Estimated Total Value

$0.00

24K Gold (99.9% Pure)

Pure Gold Weight

0.00 g

Price Per Gram

$0.00

Value Composition

Gold % 99.9%
Metric Value
Total Weight 0.00 g
Gold Purity 99.9%
Market Value $0.00
Dealer Fee -$0.00

The Ultimate Gold Calculator: Determine the True Value of Your Gold

Gold has been a symbol of wealth and a store of value for thousands of years. Whether you have an old jewelry box full of broken chains, a collection of gold coins, or are looking to invest in bullion, knowing the precise value of your assets is crucial. Our comprehensive Gold Calculator empowers you to estimate the price of your gold instantly based on live market rates, helping you avoid lowball offers from pawn shops and scrap buyers.

Did you know? The "Spot Price" of gold is traded 24/7 around the world, usually quoted in US Dollars per Troy Ounce. However, the gold jewelry you wear is rarely pure gold. It is mixed with alloys for durability, which significantly changes its value per gram.

How to Use the Gold Calculator

We have designed this tool to be flexible for everyone from casual sellers to serious investors. Here is how to get the most accurate result:

1. Enter the Current Spot Price

The default price is a recent average, but gold prices fluctuate daily. For precision, check a financial news site for the "Live Gold Spot Price" and enter it in the first box. This ensures your calculation reflects the exact market moment.

2. Weigh Your Item

Use a digital kitchen scale or a jewelry scale for accuracy.
Select Your Unit:

  • Grams (g): The most common unit for jewelry.
  • Troy Ounces (oz): Standard for investment coins and bars. Note: A Troy ounce (31.1g) is heavier than a regular kitchen ounce (28.35g).
  • Pennyweight (dwt): Often used by jewelers and dentists.
  • Tola: Common in India, Pakistan, and Singapore (1 Tola ≈ 11.66 grams).

3. Select the Purity (Karat)

Check the stamp on your gold item.

  • 24K (99.9%): Pure gold bars/coins. Too soft for most jewelry.
  • 22K (91.6%): Common in high-end Asian and Middle Eastern jewelry.
  • 18K (75.0%): Standard for luxury jewelry (Cartier, Tiffany, etc.).
  • 14K (58.3%): The most common jewelry standard in the US. Durable and affordable.
  • 10K (41.7%): The minimum purity to be legally called "gold" in the US. Very hard and durable.

4. Selling? Adjust the Dealer Margin

If you are calculating Scrap Gold Value to sell to a "We Buy Gold" shop or pawn broker, they will not pay you the full market price. They need to make a profit.
Use the slider to deduct a percentage:

  • 0%: Full Market Value (Insurance/Appraisal).
  • 10-20%: Fair deal from a reputable refinery or coin shop.
  • 30-50%: Typical offer from mall kiosks or pawn shops.

The Math: How Gold Value is Calculated

Understanding the math protects you from scams. The formula is:

Value = (Spot Price / 31.1035) × Weight(g) × (Karat / 24)

Example Scenario:
You have a 14K Gold Ring weighing 10 grams.
Spot Price: $2,000/oz.

  1. Convert Spot Price to Grams: $2,000 / 31.1035 = $64.30 per gram (Pure).
  2. Adjust for Purity (14K): 14 / 24 = 0.5833 (58.3% Gold).
  3. Calculate Value per Gram: $64.30 × 0.5833 = $37.50.
  4. Total Value: $37.50 × 10g = $375.00.
Warning: Many buyers will weigh your gold in "Pennyweight" (dwt) but pay you based on "Grams" prices to confuse you. Always convert everything to Grams first to compare apples to apples. 1 DWT = 1.555 Grams.

Selling Your Gold: Tips to Get the Best Price

  1. Separate by Karat: Do not let a buyer weigh your 14K and 18K gold together. They will likely pay you the 14K rate for the whole pile. Separate them beforehand.
  2. Remove Stones: Gold buyers pay for the gold weight only. If your ring has a heavy diamond or gemstone, the buyer will deduct its weight (often estimating heavily in their favor). If the stone is valuable, remove it or sell it separately.
  3. Shop Around: Get quotes from at least three places: a local jeweler, a coin shop, and an online refiner. Avoid pawn shops if you want top dollar.
  4. Know the Spot Price: Check the market price before you walk in the door. If you know your ring is worth $375 in scrap, and they offer $150, you know to walk away.

Frequently Asked Questions (FAQ)

What is "Melt Value"?

Melt value is the intrinsic value of the precious metal in your item if it were melted down. It does not account for craftsmanship, brand names (like Rolex), or collectibility (numismatic value). For broken jewelry, melt value is accurate. For rare coins or designer pieces, the resale value may be much higher.

Why is a Troy Ounce different?

Precious metals are weighed in Troy Ounces, a system dating back to the Middle Ages. One Troy Ounce is approx 31.1 grams. A standard "kitchen" ounce (Avoirdupois) is only 28.35 grams. If you buy an ounce of gold, you get more weight than an ounce of sugar.

Is White Gold worth the same as Yellow Gold?

Yes. 14K White Gold contains the same amount of pure gold (58.3%) as 14K Yellow Gold. The difference is the alloy metals mixed in (nickel/palladium vs. copper/zinc) to change the color, but the gold value remains identical.

How do I know if my gold is real?

Look for a hallmark stamp (e.g., "14K", "585", "750"). If an item is magnetic, it is not gold. However, heavily plated fake gold also won't be magnetic. The most reliable test is an acid test or XRF scan performed by a professional.