Free Gold Price Calculator & Current Gold Prices


Gold Price Per Gram and Selling Scrap Gold

If you’re looking to sell scrap gold, you’ll have to take into consideration the gold price per gram, but there are other things to consider, too.

Remember that market value–or what today’s charts and graphs suggest your gold is worth–is different from marketplace value.

The marketplace value is the amount of cash you can reasonably expect to take home from a gold buyer’s business. Of course, the buyer has to make a profit, so expect the amount of money you receive from the transaction to be considerably lower than what the market suggests your gold is worth.

Our gold price calculator takes into account both the current gold price per gram, and the average profit a gold buyer expects to make when buying your gold. That gives you an estimate of what you can expect to gain by selling your gold in the actual marketplace.

When selling gold jewelery, keep in mind that there’s more to the value of the piece than just the weight and karat (or fineness) of the gold. Workmanship of the item can add to the value. If it’s especially well-crafted, it may have more value when sold as a jewelery item than as “scrap gold.” The age of the item affects the value, too. As you know, antiques are usually worth more money. Also, any stones set in the jewelery have a separate value of their own.

If you’ve decided that your jewelery is well-suited to be sold as scrap, be sure and have the diamonds, sapphires, rubies or other stone settings appraised separately. You’ll likely gain more by selling the stones separately from the rest of the piece.

One of the biggest factors that can affect your scrap gold or jewelery value is your location. Certainly, the amount of money you can expect to receive varies, depending upon where your marketplace is located. Be sure to check not only the current gold prices per gram, but also what rates the local buyers in your area are offering to pay.

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