Sell Gold Calculator – Loan calculator

Sell Gold Value Calculator

Gold Weight: Grams Troy Ounces

Gold Purity (Karat): 24K (99.9%) 22K (91.67%) 18K (75%) 14K (58.33%) 10K (41.67%)

Current Pure Gold Price (per gram): $

Dealer Payout Percentage: %

Understanding Your Gold's Value

Selling gold can be a straightforward process if you understand the factors that determine its value. This Sell Gold Value Calculator helps you estimate how much you might receive for your gold items by considering the key variables: weight, purity, current market price, and the dealer's payout percentage.

How the Calculator Works:

Gold Weight: This is the total weight of your gold item(s). You can input this in either grams or troy ounces. The calculator will convert it to a standard unit for calculation.
Gold Purity (Karat): Gold purity is measured in karats. 24 Karat (24K) is considered 99.9% pure gold. Lower karat values indicate a lower percentage of pure gold mixed with other metals (alloys) to increase durability or change color. For example, 18K gold is 75% pure gold (18/24), and 14K gold is 58.33% pure gold (14/24).
Current Pure Gold Price (per gram): This is the current "spot price" of pure gold in the market, typically quoted per troy ounce or per gram. For consistency, our calculator uses the price per gram of pure gold. You can find this price from various financial news sources or precious metal dealers.
Dealer Payout Percentage: When you sell gold to a dealer, they typically don't pay 100% of the current spot price. They need to cover their operational costs, refining fees, and make a profit. This percentage can vary significantly between dealers, often ranging from 70% to 95% of the melt value. It's crucial to shop around for the best payout.

The Calculation Formula:

The calculator uses the following steps to estimate your gold's value:

Convert Weight: If you enter weight in troy ounces, it's converted to grams (1 troy ounce = 31.1035 grams).
Determine Pure Gold Content: Your gold's weight is multiplied by its purity percentage (e.g., 18K = 0.75). This gives you the actual weight of pure gold in your item.
Calculate Melt Value: The pure gold weight is then multiplied by the current pure gold price per gram. This is the "melt value" or intrinsic value of the pure gold content.
Apply Dealer Payout: Finally, the melt value is multiplied by the dealer's payout percentage (e.g., 85% = 0.85) to estimate the amount you might receive.

Example Calculation:

Let's say you have 10 grams of 18K gold. The current pure gold price is $70 per gram, and the dealer offers an 85% payout.

Pure Gold Content: 10 grams * (18/24) = 10 grams * 0.75 = 7.5 grams of pure gold.
Melt Value: 7.5 grams * $70/gram = $525.00
Estimated Payout: $525.00 * 0.85 = $446.25

Based on these figures, you could expect to receive approximately $446.25 for your gold.

Tips for Selling Gold:

Know Your Gold: Understand its weight and purity before approaching dealers.
Check Spot Price: Always know the current market price of gold.
Shop Around: Get quotes from multiple reputable dealers. Payout percentages can vary significantly.
Understand Fees: Ask about any additional fees or charges.
Consider Reputable Buyers: Look for established jewelers, coin dealers, or precious metal buyers with good reviews.

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