Calculation : Gold Buyers
This calculation determines how the price compares relative to the value of gold metal from calculation 1.
This calculation is useful for people buying gold. In general, how far the price deviates from the gold metal value determines if it is cheap or expensive.
|Step 1: Calculate gold metal value|
|Gold metal value = Price ÷ Value of gold metal × 100= 0 ÷ 0 × 100= 0 %|
What Is A Dwt Pennyweight Why Not Use Grams For Gold Spot Price Calculation
DWT or Pennyweight is easier math. 20dwt = 1 Troy Ounce. If you want to use Grams 31.1 = 1 Troy Ounce. Same value. Please visit our Sell for Cash or Borrow Short Term Pawn for clients interested in either selling for cash or borrowing short term. Jewelers & Pawnbrokers all use the daily Gold Spot Price to determine what is the market price for gold, silver, & platinum.
Watch The Price Trend Of 14k Gold
14k gold is a wide spread gold alloy in the United States. More valuable than 10k gold but not as much expensive as 18k gold which is a very exquisite gold alloy used by famous jewelers such as Cartier, Tiffany, Bvlgari and many other fine jewelry brands and fine jewelers. The price of 14k gold varies with the current stock market trends, so if you are very interested in prices you have to keep an eye on the gold price trend.
Today 14k gold has a stock market price of $32.90/gram. What is a very high price if you compare the gold price trend since the past ten years or even decades. Important events such as the financial crisis in 2008 have influenced the gold price trend tremendously and also the fluctuations in the price of gold.
If you want to sell your gold, be smart and learn more about the price so that you can negotiate on eye level with a buyer to get a fair price for your gold. Only if you know what you have and how much it is worth makes it possible for you to make an attractive deal and avoids of being ripped off. Sell with reDollar to make a fabulous deal. We pay the highest prices and offer our clients the best customer services. 24h/7 days a week.
Current reDollar prices for 14K gold:
- $29.64 per gram 14k gold
- $45.95 per pennyweight 14k gold
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How Do Designer Jewelry And Custom Jewelry Prices Get Figured Out
Custom Made Engagement Ring
If you have a one-of-a-kind custom-made ring created for you, your price to be paid will be greater, than a ring of similar weight and style that was factory made. The cost of a custom made ring includes the time of t he designer to create it, as well as the wax carving or CAD/CAM creation, casting, polishing, setting and adding the special finishes or textures plus any engraving that make your ring unique.
A custom wedding or engagement ring has no economy of scale because it is one of a kind. So expect to pay more for the singular care that goes into its making.
What Should I Expect The Markup To Be
To have a rule of thumb on what mark-up to expect, think a minimum of double. If the cost of a chain is $500.00 expect to pay $1,000.00 or more. A machine made chain will have a cost of the gold, plus alloyed metals, plus labor to make it.
Earrings, rings, bracelets, are all more complex to create than machine made gold chains. So the mark-up will be more just for that aspect of your jewelry.
Any retail mark-up of course takes into account rents, marketing, staffing and we just won’t go there. Just know that the reason you can’t get it at the price the jeweler does is because you aren’t buying a kilo at a time from a gold manufacturer.
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How To Calculate The Value Of Scrap Gold
With gold climbing to all time highs it may be a good time to clean out your jewelry box full of broken chains and old rings. Of course you want to get the most for your items, and the only way to do that is to figure out what you have BEFORE you try to sell it. All the information you need to calculate the worth of your scrap items is mentioned below. You can also use our scrap calculator to get an approximate value for the amount of gold, silver or platinum in your items.
Determining The Total Weight Of Your Gold Necklace
To find the absolute amount of pure gold in your necklace, you will need to weigh it.
Before you do that, dont forget to remove any stones so as not to artificially inflate the calculated weight of the gold alloy in the piece.
Weigh your necklace on a scale, and record the weight in grams or ounces.
If you need to convert the weight into troy ounces, remember that 1 gram is equal to 0.03215 troy ounces, and 1 ounce equals 0.91146 troy ounces.
Some jewelers also use pennyweights as units of measurement, so you should know that 1 troy ounce is equal to 20 pennyweights .
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Calculate The Value Of 14k Gold
We will use 14k gold as our example on how to calculate actual gold content and its value. The same formula works for 10k and 18k.
EXAMPLE: Your 14k yellow gold chain weights 24.2 pennyweights
Actual pure gold content value of chain. We then multiplied 14.1 pennyweights of pure gold times $67.45 per pennyweight and we get $951.05.
Find Out Scrap Gold Prices With Canada Golds Calculator
Use our easy online scrap gold calculator to find out how much your gold is worth today. Its fast, easy, reliable, and backed by our 120% best price guarantee.
Simply select your purity level and input the weight of your item to calculate your scrap gold prices at the current live market rates.
If you are unsure about the weight or purity of your item, come to one of our locations and let our highly experienced staff help you find out. We offer free purity tests and complete, 100% transparency, so you always know exactly what you have, and what its worth.
Once you know your purity and weight, simply put your information into the scrap gold calculator above and get an instant quote for how much your gold is worth based on live, up to the minute market rates. Find out your scrap gold prices in seconds!
Canada Gold is one of the nations most trusted and best reviewed gold buyers, and we are here to help you calculate and receive the best possible price for your gold.
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Explanation With Lots Of Math
Snake Chain, Machine Made in Italy 14kt
What this means is that if the 20 gram chain is selling for $1,500.00 and $484.88 is the cost of the gold, the other $1015.12 includes the cost of the other metals, the labor, and the jewelers profit. What percentage is the cost of the other metals? The labor? And the markup from the jeweler? Unknown!
All I can tell you with certainty is that if pure gold is selling for $1300/oz. and the weight of the 14k chain is 20 grams, then the melt price of the gold is worth $484.88. There is no way to know what the jeweler paid for the chain from the manufacturer. Furthermore, we dont know what gold was going for at the time of purchase. The jeweler might have bought it when gold was at $1200.00 per ounce. Or $1800.00 per ounce!
What Is Your Gold Really Worth
Postal gold companies and high street gold buyers are in the business to make a profit, that’s fair enough. Unfortunately, some companies have taken this to the extreme and are blatantly ripping-off their customers.
Many unsuspecting members of the public are getting paid as little as 20% of the real value for their gold.
This page is here to help you make an informed decision as to whether you’re getting a fair deal.
The calculator in the right-hand column of this page will help you work out the real value of your gold. Pricing is based on the current ‘spot price’, which fluctuates during normal trading hours.
You’ll need to know two pieces of information to work out the value of your gold:
- The purity / Carat of your gold
- Its weight
If you live in the UK, the Hallmarking Act 1973 stipulates that any item of gold weighing over 1g must be hallmarked. This is your guarantee that the item contains the amount of gold stated. If you need need help identifying a hallmark, check our our gold hallmark guide.
Unfortunately, gold purchased in the USA is subject to lower quality control. The minimum recognized purity for an item to be called ‘gold’ in the States is 10k. However, under-karating occurs and is impossible for the average consumer to spot.
If possible, weigh your gold on a set of jewellers digital scales. You need to know the weight, in grams, preferably to one-tenth of a gram. Be wary of digital kitchen scales as many units only weigh in increments of 5 grams.
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What Can I Sell It For
Your scrap gold chain has $951.05 worth of pure gold. Obviously there is cost associated with refining your gold and operating a business so you will not get the full value of your gold. But if you take your gold to a reputable buyer that strictly specializes in buying gold you should expect to get 80% to 85%. If you are offered less than this it is not a legitimate offer.
Commonly Used Gold Gram Karats In Canada
Note: Do not be confused between the two terms of “Karat” and “Carat”. Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.
The following are commonly used Gram karats in Canada as well as other countries:
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Calculate The Amount Of Pure Gold
Now that you know how much your 14K gold items weigh, you can figure out how much pure gold they contain.
14-karat gold contains 14 parts pure gold and 10 parts other metals.
This means that 58.3% of this alloy is gold . So, you just need to multiply the weight of your 14K gold pieces by this percentage to find how much pure gold they contain.
For example, if you have 5 grams of 14K gold, then it should contain 2.915 grams pure gold .
What Size Gold Bar Or Coin Should I Choose
Choosing a bullion size is totally personal and you should consider what size works best for your needs.Do you have the capacity to store several dozen 1 ounce gold coins? Do you prefer the look of gold coins over gold bars? Or does it make more sense to own a single 100 ounce gold bar? With so many weights of measurement to choose from, owning a variety or just a simple selection of bullion become options for the average consumer.
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What’s The Live Gold Price
The Live Gold Price we use to help you estimate the current Karat Value of Gold is provided by one of Australia’s international market partners. They are a market-leading Gold and Metals Commodity pricing exchange service similar to Kitco. The current live gold price is $2,440.70 .
Determining The Weight Of Pure Gold In A 14k Necklace
After youve determined the total weight of your 14K necklace, you can find out the weight of the pure gold in it.
Simply multiply the necklaces weight by its gold content percentage, which we already calculated to be 58.3%.
For example, if you have determined that your necklace weighs 8 grams, then the pure gold in it will be 58.3% of that number, or about 4.7 grams.
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Calculation : Value Of Gold Metal
This calculation determines the value of gold metal based on the weight, purity, and bid price for gold metal.
|Weight of gold|
|Gold price per troy ounce|
|Step 1: Convert the weight of the gold alloy into troy ounces|
|Weight of gold alloy = Weight of gold alloy × Conversion factor= 0 × 31.1034768|
|Step 2: Convert the weight of the gold alloy into the weight of gold metal|
|Weight of gold metal = Weight of gold alloy × Gold purity ÷ 100= 0 × 99.9 ÷ 100|
|Step 3: Calculate the value of gold metal|
|Value of gold metal = Weight of gold metal × Price of gold metal= 0 × 0|
|1 avoirdupois ounce = 28.349523125 g||1 baht = 15.244 g||1 carat = 0.2 g|
|1 grain = 0.06479891 g||1 kilogram = 1000 g||1 masha = 0.97 g|
|1 pound = 453.59237 g|
|1 ratti = 0.1215 g|
|How many gram in a troy ounce|
Here You Can Find All Live Karat Gold Prices Per Grams
If you are looking for karat gold prices per gram, you are in luck because we have a table displaying live karat gold price per gram with all relevant karats!
14k price per gram? Easy, look at the table to find 14k, then at the right you will have the live 14k price per gram.
In case you would like to know how we calculate karat gold prices per gram, you can go to our karat calculator page to see the different % of purity and understand how much is an ounce of 14 karat gold and why.
Also, if you are interested in seeing different karat gold prices in different weights, look our karat gold price page
Core Scientific is a precious metal refinery, specialized in gold recycling. If you are looking to sell your jewelry scrap, you have come to the right place! We offer the highest returns in the industry and are highly committed to our 100% transparency policy, learn more about us here. If you have any questions or need assistance, contact us! Well be happy to assist you.
And if you are ready to start refining your gold, Request a Container Here! We will send it right away and cover all shipping costs.
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This Is The Melt Price
This value is what is known as the melt price of this particular chain. The melt price refers to the actual price that your jeweler would receive from a refiner if they chose to melt it down and just be paid for the value of the gold.
The melt price, like the gold price, changes on a daily basis, but as long as gold stays stable in price, it will pretty much remain the same for any given period of time. Keep in mind that the melt price does not take into consideration any other factors, such as labor to create the piece, any stones that may be set into the piece, or any margin for profit that will be added on at the point of sale. Well discuss these points below.
K Gold Price Per Gram
The current 14k gold price per gram is $33.10. This price is live and this page updates every 30 minutes with the most recent gold price. Bookmark this page and come back whenever you need to know the price of a g of 14 karat gold. Note 14k gold is 58.3% gold with the other 41.7% being some other metal usually copper or nickel.
Need to figure out the price of something besides 1g of 14k? If so use out Scrap Gold Calculator below, its totally free and displays the current gold prices.
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Already Sent Your Gold To A Postal ‘cash For Gold’ Company Without Receiving An Up
We would always recommend that you NEVER send your gold to a ‘cash for gold’ company if they don’t tell you, up-front, what they pay for gold.
Please don’t be taken-in by the ‘110% guarantees’ or promises of ‘top prices’. These statements mean nothing and you will almost certainly receive a poor deal for your gold.
If you’ve already sent your gold to a postal gold company and you notice there are no prices quoted on their web site, request its return. Even after haggling , the price will still undoubtedly be low. It’s not uncommon for valuations to be doubled when the initial offer is refused. Don’t be tempted to accept though!
Takeaways from this guide:
- NEVER send your gold to a dealer who doesn’t display the prices they pay on their web site
- Always accurately weigh your gold on digital jewellery scales
- Use our valuation calculator to find out the real value of your gold
- If your dealer offers less than 90% of its real value, shop around and find a better deal.