Gold Selling Rate Calculator

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Gold Selling Rate Calculator

Estimate the cash value of your gold jewelry or bullion based on current market rates.

24K (99.9%) 22K (91.6%) 18K (75.0%) 14K (58.3%) 10K (41.7%) 9K (37.5%)
Estimated Selling Value:
0.00

How Gold Selling Rates Are Calculated

Selling gold is different from buying it. When you sell gold to a dealer, jeweler, or refinery, the price is determined by four primary factors: the current market spot price, the purity of the item, the total weight, and the dealer's margin (often called the spread).

The mathematical formula used by this calculator is:

Selling Price = (Weight in Grams × (Spot Price per Ounce ÷ 31.1035) × Purity Percentage) × (1 – Dealer Fee %)

Common Gold Purity Benchmarks

Karat Purity Percentage Common Uses
24K 99.9% Investment bars and coins
22K 91.6% Traditional Indian/Middle Eastern jewelry
18K 75.0% High-end luxury jewelry
14K 58.3% Standard US jewelry
10K 41.7% Durable, budget-friendly jewelry

Tips for Getting the Best Selling Rate

  • Know the Weight: Always weigh your gold in grams before visiting a buyer. Use a digital scale for accuracy.
  • Separate by Karat: Don't weigh 14K and 18K items together. A buyer might pay you at the lowest karat rate for the entire lot.
  • Check the Spot Price: Gold prices fluctuate by the minute. Check a live ticker before you walk into a shop.
  • Understand the Spread: Most local "Cash for Gold" shops pay between 60% to 80% of the melt value. Online refineries may pay 90% to 95%.

Realistic Example Calculation

If you have a 10-gram ring made of 14K gold and the current spot price is 2,000 per ounce:

  1. Price per gram: 2,000 / 31.1035 = 64.30 per gram.
  2. Pure gold content: 10g × 0.583 (14K) = 5.83g of fine gold.
  3. Melt Value: 5.83g × 64.30 = 374.87.
  4. Dealer Payout (at 10% fee): 374.87 – 10% = 337.38.
function calculateGoldValue() { var weight = parseFloat(document.getElementById('goldWeight').value); var purity = parseFloat(document.getElementById('goldPurity').value); var spotPrice = parseFloat(document.getElementById('spotPrice').value); var feePercent = parseFloat(document.getElementById('dealerFee').value); // Error handling if (isNaN(weight) || weight <= 0) { alert("Please enter a valid weight."); return; } if (isNaN(spotPrice) || spotPrice <= 0) { alert("Please enter a valid spot price."); return; } if (isNaN(feePercent) || feePercent 100) { alert("Please enter a valid dealer fee percentage (0-100)."); return; } // Calculations // 31.1034768 grams in a Troy Ounce var gramsInOunce = 31.1035; var pricePerGram = spotPrice / gramsInOunce; var meltValue = weight * purity * pricePerGram; var feeAmount = meltValue * (feePercent / 100); var finalPayout = meltValue – feeAmount; // Displaying Results var resultBox = document.getElementById('goldResultBox'); var payoutDisplay = document.getElementById('payoutDisplay'); var breakdownText = document.getElementById('breakdownText'); resultBox.style.display = 'block'; payoutDisplay.innerText = finalPayout.toLocaleString(undefined, { minimumFractionDigits: 2, maximumFractionDigits: 2 }); var purityLabel = document.getElementById('goldPurity').options[document.getElementById('goldPurity').selectedIndex].text; breakdownText.innerHTML = "Based on " + weight + "g of " + purityLabel + " gold. Full Melt Value: " + meltValue.toFixed(2) + " | Dealer Fee Applied: " + feeAmount.toFixed(2); }

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