Gold to Cash Calculator

Gold to Cash Value Calculator

Gram (g) Troy Ounce (ozt) Ounce (oz)

24K (99.9% Pure) 22K (91.6% Pure) 18K (75% Pure) 14K (58.3% Pure) 10K (41.7% Pure)

per Gram per Troy Ounce

function calculateGoldValue() { var goldWeight = document.getElementById('goldWeight').value; var weightUnit = document.getElementById('weightUnit').value; var goldPurity = document.getElementById('goldPurity').value; var currentGoldPrice = document.getElementById('currentGoldPrice').value; var priceUnit = document.getElementById('priceUnit').value; var resultDiv = document.getElementById('result'); // Input validation if (goldWeight === " || isNaN(parseFloat(goldWeight)) || parseFloat(goldWeight) <= 0) { resultDiv.innerHTML = 'Please enter a valid gold weight.'; return; } if (currentGoldPrice === '' || isNaN(parseFloat(currentGoldPrice)) || parseFloat(currentGoldPrice) <= 0) { resultDiv.innerHTML = 'Please enter a valid current gold price.'; return; } var weight = parseFloat(goldWeight); var price = parseFloat(currentGoldPrice); var purityFactor; var weightInGrams; var pricePerGram; // 1. Convert gold weight to grams if (weightUnit === 'gram') { weightInGrams = weight; } else if (weightUnit === 'troy_ounce') { weightInGrams = weight * 31.1035; // 1 troy ounce = 31.1035 grams } else if (weightUnit === 'ounce') { weightInGrams = weight * 28.3495; // 1 avoirdupois ounce = 28.3495 grams } // 2. Determine purity factor if (goldPurity === '24k') { purityFactor = 1; // 100% pure } else if (goldPurity === '22k') { purityFactor = 22 / 24; } else if (goldPurity === '18k') { purityFactor = 18 / 24; } else if (goldPurity === '14k') { purityFactor = 14 / 24; } else if (goldPurity === '10k') { purityFactor = 10 / 24; } // 3. Convert current gold price to price per gram if (priceUnit === 'per_gram') { pricePerGram = price; } else if (priceUnit === 'per_troy_ounce') { pricePerGram = price / 31.1035; // Price per troy ounce / grams per troy ounce } // 4. Calculate total value var totalValue = weightInGrams * purityFactor * pricePerGram; resultDiv.innerHTML = 'Estimated Gold Value: $' + totalValue.toFixed(2) + ''; }

Understanding Your Gold's Value

Gold has been a valuable commodity for centuries, prized for its beauty, rarity, and intrinsic worth. When you're looking to convert your gold into cash, understanding how its value is determined is crucial. This Gold to Cash Value Calculator helps you estimate the market value of your gold items based on key factors.

Key Factors Influencing Gold Value:

1. Gold Weight: This is the most straightforward factor. The more gold you have, the more it's worth. Gold is typically measured in grams (g), troy ounces (ozt), or sometimes standard ounces (oz). A troy ounce is slightly heavier than a standard avoirdupois ounce (31.1035 grams vs. 28.3495 grams).
2. Gold Purity (Karat): Gold purity is measured in karats (K). Pure gold is 24K, meaning it's 99.9% gold. Lower karat numbers indicate a lower percentage of gold, as the gold is alloyed with other metals (like copper, silver, or zinc) to increase its hardness or change its color.
   • 24K: 99.9% pure gold.
   • 22K: 91.6% gold (22 parts gold, 2 parts other metals). Common in jewelry, especially in Asian markets.
   • 18K: 75% gold (18 parts gold, 6 parts other metals). A popular choice for fine jewelry, offering a good balance of purity and durability.
   • 14K: 58.3% gold (14 parts gold, 10 parts other metals). More durable and less expensive than higher karats, often used for everyday jewelry.
   • 10K: 41.7% gold (10 parts gold, 14 parts other metals). The minimum karatage that can be legally sold as gold in the U.S., offering maximum durability.
3. Current Gold Price: The market price of gold fluctuates daily based on global economic conditions, supply and demand, geopolitical events, and currency strength. This price is usually quoted per gram or per troy ounce for 24K (pure) gold. You can find current gold prices from financial news websites, precious metal dealers, or market data providers.

How the Calculator Works:

Our calculator takes your gold's weight, its purity (karat), and the current market price of pure gold to determine its estimated cash value. It first converts your gold's weight to a standard unit (grams), then adjusts for its purity, and finally multiplies by the current price per gram of pure gold.

Example Calculation:

Let's say you have 10 grams of 18K gold, and the current market price for pure gold is $70 per gram.

1. Purity Factor: 18K gold is 18/24 = 0.75 (75% pure).
2. Pure Gold Content: 10 grams * 0.75 = 7.5 grams of pure gold.
3. Estimated Value: 7.5 grams * $70/gram = $525.00

This calculator provides an estimate of the melt value of your gold. When selling to a dealer, they will typically offer a price slightly below the melt value to cover their operational costs, refining fees, and profit margin.