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Your question is a little confusing, but let me see if I can help. I'm sure what you're referring to is the scrap value and it is different depending on the gold's purity and what the gold market is for the day. Just like the Stock Market, gold value changes daily. Today gold is at $947/troy oz for pure gold. Lets say you have a 14k gold chain that is 25 grams. Well, consider there are are 31.1 grams in a troy oz and 14k gold is 58% of real gold and the rest is a mixture of other metals so it can retain its durability. Since your gold is 25 grams, you take the gold for the day, which is $947 and do as follows:

($947) X (.58) = $549 for a troy oz (31.1 grams) of 14k gold

Since you only have 25 grams, then . . .

Let $549/31.1= $17.60 per gram

Then

$17.60 X 25 grams = $441.30

Keep in mind that very few buyers will pay you actual cost. Your best bet is to find a metal refinery in your area to avoid the overwhelming scams sweeping the gold buyer market.

wheeeew . . . does that help?

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16y ago

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