Gold Price Per Gram

Gold price per gram information for consumers who wish to sell their gold for cash

Should you wish to sell personal items of gold to buyers, you may also wish to know what buyers will pay for your gold. The best way to discover the value potential of gold is to calculate the gold price per gram.

If you wish, you can find the true value of gold using online calculators. Just as reliable, however, is this good old-fashioned method used to calculate the value of gold per gram by use of some simple math. All you need to know is the karat weight of the gold you wish to sell, ranked in the following order of value (lowest to highest) - 10K, 14K, 18K, or 24K. You'll also need a gram scale.

There's nothing new about the smelting of gold products traded by consumers. For as long as memory permits, smelting has always been a popular way of recycling gold. Here you'll discover how to calculate the scrap gold price per gram so you know the value of gold items in advance of any offer from a buyer. Be aware, however, most legitimate scrap gold dealers usually offer a fixed-price percentage of the gold's true value - somewhat lower than its real market value! The difference is the buyer's profit.

1) How to Find the Current Gold Price

First you'll need to calculate gold's scrap price by referencing the current gold price online. You can find the value of gold at such websites as Goldprice.org. There are also other sites that offer current values in the metal markets.

Traditionally, the price of gold is measured in what's called "troy ounces", and this value changes daily. For easy reference, one troy ounce equals roughly 31 grams.

Once you've checked the current gold price, make a note of its dollar value. For example, if the gold price is given as $1,000 per troy ounce, simply jot down "$1,000".

2) How to Find Gold Price per Gram

Now, divide $1,000 (or whatever the gold price) by 31 grams. For the purpose of this example, the resulting calculation shows the gold price per gram as $32.26.

3) Grade Your Scrap Gold into Groups of Fineness

Having found the gold price per gram, now sort your gold scrap into grades of fineness. You can determine the fineness of gold by using a magnifying glass to identify the hallmark (or assay mark). If your gold doesn't show fineness, fineness may be revealed on another part of the jewelry piece. Categories of fineness are as follows: (10K, 14K, 18K, or 24K - where "K" means Karat.) Note: In terms of fineness, any gold that is plated (i.e. gold-plated) cannot be weighed for fineness and, therefore, should be separated from all of the above categories. 

4) Weigh Your Gold

Next you will weigh each pile of gold by use of a gram scale. If you don't own a gram scale, simply use a good quality scale that weighs ounces, after which you can manually convert to grams.

The ratio for every ounce of scrap gold is approximately 28 grams (1 x ounce = 28 gms). Make a note of how much each pile of gold weighs in grams.

5) How to Calculate Gold Price in accordance with the Content of Pure Gold

Do the following simple calculation. Multiply as below using the value obtained at Step 2:

For items sorted in the 10 karat gold (10K) category, multiply the gold price per gram by 0.4167. For example: if the resulting number is $11, then $11 is the gold price per gram of 10K gold.

For items sorted in the 14 karat gold (14K) category, multiply the gold price per gram by 0.5833.

For items sorted in the 18 karat gold (18K) category, multiply the gold price per gram by 0.75

For items sorted in the 24 karat gold (24k) category, multiply the gold price per gram by 1 - this is the same as the gold price per gram.

Find out more about gold price per ounce and gold spot price.