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font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
max-width: 700px;
margin: 20px auto;
padding: 25px;
border: 1px solid #e0e0e0;
border-radius: 10px;
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box-shadow: 0 4px 12px rgba(0, 0, 0, 0.05);
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margin-bottom: 25px;
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.scrap-gold-calculator-container .input-group select {
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.scrap-gold-calculator-container .input-group select:focus {
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box-shadow: 0 0 5px rgba(0, 123, 255, 0.2);
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Scrap Gold Value Calculator
Grams
Troy Ounces
10K (41.7%)
14K (58.3%)
18K (75.0%)
22K (91.7%)
24K (100%)
Custom Percentage
Enter details and click 'Calculate Value' to see the estimated worth of your scrap gold.
Note: This calculator provides an estimate. Actual payout may vary based on dealer policies, market fluctuations, and additional refining costs.
function toggleCustomPurity() { var goldKarat = document.getElementById('goldKarat').value; var customPurityInputGroup = document.getElementById('customPurityInputGroup'); if (goldKarat === 'Custom') { customPurityInputGroup.style.display = 'flex'; } else { customPurityInputGroup.style.display = 'none'; } } function calculateScrapGoldValue() { var goldWeight = parseFloat(document.getElementById('goldWeight').value); var weightUnit = document.getElementById('weightUnit').value; var goldKarat = document.getElementById('goldKarat').value; var customPurityPercentage = parseFloat(document.getElementById('customPurityPercentage').value); var currentGoldPricePerGram = parseFloat(document.getElementById('currentGoldPricePerGram').value); var dealerPayoutPercentage = parseFloat(document.getElementById('dealerPayoutPercentage').value); var resultDiv = document.getElementById('scrapGoldResult'); // Input validation if (isNaN(goldWeight) || goldWeight <= 0) { resultDiv.innerHTML = "Please enter a valid positive gold weight."; return; } if (isNaN(currentGoldPricePerGram) || currentGoldPricePerGram <= 0) { resultDiv.innerHTML = "Please enter a valid positive current pure gold price per gram."; return; } if (isNaN(dealerPayoutPercentage) || dealerPayoutPercentage 100) { resultDiv.innerHTML = "Please enter a valid dealer payout rate between 0 and 100%."; return; } var goldWeightInGrams; if (weightUnit === 'troy_ounces') { goldWeightInGrams = goldWeight * 31.1035; // 1 troy ounce = 31.1035 grams } else { // grams goldWeightInGrams = goldWeight; } var purityDecimal; if (goldKarat === 'Custom') { if (isNaN(customPurityPercentage) || customPurityPercentage 100) { resultDiv.innerHTML = "Please enter a valid custom purity percentage between 0.01 and 100."; return; } purityDecimal = customPurityPercentage / 100; } else { purityDecimal = parseInt(goldKarat) / 24; } var pureGoldGrams = goldWeightInGrams * purityDecimal; var grossValue = pureGoldGrams * currentGoldPricePerGram; var finalPayoutValue = grossValue * (dealerPayoutPercentage / 100); resultDiv.innerHTML = "Estimated Scrap Gold Value:
" + "Pure Gold Content: " + pureGoldGrams.toFixed(2) + " grams" + "Gross Market Value: $" + grossValue.toFixed(2) + "" + "Your Estimated Payout: $" + finalPayoutValue.toFixed(2) + ""; } // Initialize custom purity input visibility on page load document.addEventListener('DOMContentLoaded', function() { toggleCustomPurity(); });Understanding Your Scrap Gold's Worth
Scrap gold refers to any gold item that is no longer used for its original purpose and is intended to be melted down and refined. This can include broken jewelry, old dental gold, industrial scrap, or even gold coins and bars that are not considered collectible. Calculating the value of your scrap gold is essential before selling to ensure you get a fair price.
Key Factors Influencing Scrap Gold Value:
- Weight: The total weight of your gold items is the primary factor. Gold is typically weighed in grams or troy ounces. One troy ounce is approximately 31.1035 grams.
- Purity (Karat): Gold purity is measured in karats (K). Pure gold is 24K. Common purities for jewelry include 10K, 14K, 18K, and 22K. The higher the karat, the more pure gold content an item has. For example, 14K gold is 14 parts gold out of 24, meaning it's 58.3% pure gold.
- Current Market Price of Gold: The value of gold fluctuates daily based on global economic factors. Dealers base their offers on the current spot price of pure (24K) gold.
- Dealer Payout Rate: Gold buyers and refiners need to cover their operational costs, refining fees, and make a profit. Therefore, they will offer a percentage of the gold's melt value, typically ranging from 70% to 95%. This is known as the dealer payout rate.
How the Scrap Gold Calculator Works:
Our calculator simplifies the process by taking these key factors into account:
- Gold Weight: Enter the total weight of your scrap gold. You can choose between grams or troy ounces.
- Gold Purity (Karat): Select the karat of your gold. If you have an item with a specific percentage purity not listed, you can choose 'Custom Percentage' and enter it directly.
- Current Pure Gold Price (per gram): Input the current market price of 24K (pure) gold per gram. You can usually find this information from financial news sources or reputable gold dealer websites.
- Dealer Payout Rate (%): Enter the percentage of the melt value you expect the dealer to pay. A higher percentage means a better deal for you.
The calculator first converts your gold's weight to grams, then determines the actual amount of pure gold content based on its karat. It then multiplies this pure gold content by the current market price to get the gross market value. Finally, it applies the dealer's payout rate to give you an estimated final payout.
Example Calculation:
Let's say you have 10 grams of 14K gold, the current pure gold price is $70 per gram, and your dealer offers an 85% payout rate.
- Purity Conversion: 14K gold is 14/24 = 0.5833 (or 58.33%) pure gold.
- Pure Gold Content: 10 grams * 0.5833 = 5.833 grams of pure gold.
- Gross Market Value: 5.833 grams * $70/gram = $408.31.
- Estimated Payout: $408.31 * 0.85 (85%) = $347.06.
Using the calculator with these values would yield an estimated payout of approximately $347.06.
Tips for Selling Scrap Gold:
- Know Your Gold: Identify the karat of your gold items. Most jewelry is stamped with its karat (e.g., 10K, 14K, 18K).
- Weigh Your Gold: Use a precise scale (preferably a jeweler's scale) to get an accurate weight.
- Check Current Prices: Always look up the current spot price of gold on the day you plan to sell.
- Shop Around: Get quotes from multiple reputable gold buyers to compare their payout rates.
- Understand the Process: Ask about any additional fees, refining costs, or testing methods the buyer uses.
By using this calculator and following these tips, you can approach selling your scrap gold with confidence and ensure you receive a fair and transparent offer.