Scrap Gold Calculator

Auto-fetched, but editable.
Equivalent (USD/g)
0.00

Calculation Output

Your Estimated Net Payout $0.00
Gross Melt Value —
Refining Deduction (8%) —
Pure Gold Content —

Comparison

24K Spot (Same Weight) —

Value Breakdown

Impurities
—
Deduction
—
Payout
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Your calculation results will appear here.

Final Rate (USD/ozt)
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Final Rate (USD/g)
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What is a Scrap Gold Calculator?

The Scrap Gold Calculator estimates the total gold value of your scrap items based on their actual gold content, purity, and the latest spot price of gold. You can determine the true resale value of old, broken, or unused gold items. Unlike a standard gold price calculator, it factors in purity, weight, current scrap rates, and jeweler deductions. This makes it highly accurate for sellers who want to know estimate how much they will get when selling gold.

The Online Gold Calculator helps users accurately estimate the real market value of their gold based on the latest live spot prices. It provides instant calculations per gram, DWT, or troy ounce, helping you know how much your gold is worth before selling, so you can make informed decisions and get the best possible rate.

How do I use scrap Gold Calculator?

simply follow these steps:

  1. Enter Weight – Input your gold item’s weight in grams, ounces, or troy ounces.
  2. Select Karat Purity – Choose from 10k, 14k, 18k, 22k, or 24k.
  3. Check Current Scrap Gold Price – The tool uses live or adjustable scrap rates.
  4. Apply Deductions – Refining loss (1–3%) and jeweler markdowns are calculated.
  5. View Net Value – The result shows the realistic payout you’ll receive if you sell.
LIVE GOLD PRICE CHART
Karats Grams DWT Ounces
Prices shown in USD. Based on entered spot (24K) and purity × unit conversions.

What Are the Different Prices Displayed by the Scrap Gold Calculator?

When you enter your item’s weight and purity, it shows multiple price points so you can understand the true value of your gold:

  • 1. Gross Melt Value :
    • This is the theoretical value of your gold before any fees or deductions. For example, if your gold contains 58.3% pure content (14K), the calculator shows how much that portion is worth at the current spot price.
  • 2. Refining Deduction:
    • Refining requires extracting pure gold from alloys and other metals. An average deduction of 8% is applied, and the calculator shows this amount clearly so you know what is subtracted.
  • 3. Estimated Net Payout:
    • After deductions, you’ll see your final cash payout. In our sample calculation, the net payout is $841.39, which is what you could realistically receive.
  • 4. Comparison With 24K Spot Value:
    • To give perspective, the calculator compares your payout to the 24K spot price for the same weight. Example:
      • 24K Spot Value: $1,567.81
      • Your Payout: 53.7% of the 24K equivalent
    • This shows how purity and refining costs impact the actual amount you take home.
  • 5. Value Breakdown Chart:
    • A pie chart visually separates:
      • Impurities (non-gold metals)
      • Deductions (refining fees)
      • Final Payout (cash you receive)
  • 6. Final Rate Per Gram & Ounce:
  • The calculator also displays the final rate per gram and per troy ounce so you can compare with pawn shops or online buyers. Example:
    • $3,751.10 per ounce
    • $120.60 per gram

How Do I Figure Out What Karat My Gold Is?

Knowing the karat of your gold is essential before using a gold calculators, because the karat determines the purity of gold. Here are the main ways to identify your gold’s karat:

  1. Check the Hallmark or Stamp
  2. Look at the Color and Wear
  3. Use a Simple Acid or Electronic Test

Quick Tip: If you can’t find a hallmark or you’re unsure, visit a jeweler or gold buyer for a free test. An accurate karat reading ensures your calculator results match the real market value.

Gold Markings and Purity Reference Chart

MarkingKarat (K)Gold Content (%)Description
99924K99.9%Pure gold, often used in bullion or high-value jewelry.
91622K91.6%Common in traditional jewelry, especially in India and Asia.
75018K75.0%Widely used in fine jewelry; a good balance of purity and durability.
58514K58.5%Durable and affordable, popular in the U.S. for everyday jewelry.
41710K41.7%The minimum standard for gold in many countries, highly durable.
3759K37.5%Common in vintage and lower-cost jewelry, especially in Europe.

You might also like to try one of these calculators:

If you’re selling old jewelry, coins, or scrap, the scrap calculator is your go-to tool.

Yes, scrap gold is valuable because it still contains pure gold that can be refined and reused. Even broken jewelry, old coins, dental gold, or gold-filled items can have significant worth. We buy scrap gold based on its weight, purity (karat), and the current market price.

The spot price is the live trading value of pure 24K gold on the open market. It changes daily based on supply and demand. However, sellers rarely receive 100% of the spot price because:

  • Scrap gold is usually not pure 24K.
  • Refining costs are deducted to extract pure gold.
  • Dealers need a margin to cover processing and resale.

Our scrap gold calculator shows both the spot value and the net payout you could realistically expect.

Yes. We accept unrefined gold such as placer gold, nuggets, or gold dust. These items may require more processing, so payouts depend on the purity and weight after refining.

Payouts vary based on market conditions, but we typically pay:

  • 60%–95% of the spot price depending on purity and form.
  • Guaranteed minimum 70% when using our referral kit.
    The exact rate will be shown by the scrap gold calculator at the time of sale.

Your gold is evaluated by:

  1. Weight (in grams or ounces)
  2. Karat/purity (10K, 14K, 18K, 22K, etc.)
  3. Current market (spot) price on the day your items are received
    The calculator provides an estimate, and the final value is confirmed after inspection.

No, we not buy any gold

Yes. The scrap gold calculator updates with live gold prices (spot price) to ensure accuracy. Since gold prices fluctuate daily, the value you see may change until your items are received and processed.

When selling gold, avoid rushing into the first offer you receive. Many buyers offer below-market prices, so always keep these things in your mind:

  • Always compare quotes from at least two or three reputable dealers.
  • Don’t sell without knowing the current spot price, dishonest buyers may exploit your lack of knowledge.
  • Also avoid mail-in or unverified online buyers, selling broken jewelry by piece instead of by weight, and not checking the karat purity before the sale.
  • Never let your gold out of sight during weighing, and avoid selling during major market dips when gold prices are temporarily low.

before selling keep these points in mind: firstly check the live gold spot price (you can use our site’s calculator for that), , weight and purity of your gold, Get multiple offers from certified gold buyers, Bring valid ID for legal verification, and also check best ways to sell gold in market.

Conclusion

The gold scrap price is essential factor for anyone looking to sell gold. From dental gold to broken jewelry, it ensures you know the fair payout before heading to a buyer. Always check your scrap value to maximize returns.

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