2 Answers

So what is the scrap value or price of 14kt gold? With the price per ounce and this formula you can figure out what that chain is actually worth at the refinery. Price per ounce divided by by 31.1 multiplied by .585 equals the price per gram for 14 carat gold. So now you can figure out how much the pawn shop is going to get paid from the refinery for your 14kt scrap gold chain. This formula works for all carats, starting with .750 for 18kt gold, .585 for 14kt and .417 for 10kt gold.

Today's gold market closed with gold selling at $1778 for an ounce of gold. So an 18kt ring that weighs 11.3 with no diamonds or other stones gold scrap price is $484. A 10kt chain that weighs 23.7 is worth $565. So when you go in to sell that item and they ask you how much you want, you know what they can melt it for and negoiate as close to that amount. Remember that gold prices are constantly in flux so check the price the day you want to sell.>>>>>http://metals.yoexpert.com/investing-in-metals/what-is-the-gold-scrap-prices-per-gram-4395.html

13 years ago. Rating: 4
Comment this answer Add new comment

Mixed with what?

13 years ago. Rating: 3
Comment this answer Add new comment