In a nutshell, yes. It is correct.

But if you’re thinking that the numbers are off, and the value seems low, you’re right. Sort of.

The gentleman who designed this tool was thinking of you as a customer. He’s giving you the inside scoop. This calculator gives you an idea of what you can really expect to get, if you’re selling your gold to a pawn shop or jeweler. The buyer won’t give you full price–they have to make a profit. So this calculator tells you about how much you can expect to put in your pocket, if you sold your gold to someone today.

So our calculator, custom built by Darr Web Solutions, is correct for the customer selling his gold in the marketplace today.