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Depends on the current price of gold, how much gold is in the jewelry after removal of the stones, and what karat the gold is.

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12y ago

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How much is 1 lb of gold jewelry worth?

It would be $24000 because there are 16 ounces in a pound and gold is currently $1500 an ounce. Note that that would be if the jewelry were solid gold, which it isn't - no jewelry is (solid gold is much too soft for jewelry). But if it's 18 carat gold (typical), it would still be 60% of $24,000, which is $14,400 - still a tidy sum.


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Place your gold jewelry near a magnet. Real gold is not magnetic; if your jewelry pulls toward the magnet, it is fake.


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