Gold Price Calculator

Step 1: Weigh Your Gold

Use a digital kitchen scale or jewelers scale. Weigh in grams (most accurate) or ounces. Remove any non-gold parts like stones or clasps before weighing for a pure metal value.

Step 2: Identify the Purity

Check for karat stamps on your gold: 10K, 14K, 18K, 22K, or 24K. Common stamps include:

• 14K or 585 = 58.5% pure gold
• 18K or 750 = 75% pure gold
• 10K or 417 = 41.7% pure gold

Step 3: Use the Calculator

Enter the weight and select the purity. The calculator instantly shows your gold's melt value—the amount you'd get at current gold price per gram for that purity. For scrap/selling estimates, use the scrap gold calculator below.

What Is Gold Purity? (Karats Explained)

Gold purity is measured in karats (K)—the number of parts of gold per 24 parts. Higher karat means more pure gold:

• 24K = 100% pure gold (999.9 fine gold), the benchmark for gold price per gram
• 22K = 91.7% gold, 8.3% other metals—common in Asian jewelry and sovereign coins
• 18K = 75% gold, 25% alloy—premium jewelry, durable and valuable
• 14K = 58.5% gold, 41.5% alloy—most popular for wedding rings and necklaces
• 10K = 41.7% gold, 58.3% alloy—minimum to be called gold in the USA

Why Do Gold Prices Change?

Gold prices move throughout the day. The gold price per gram today can shift due to:

• Global economic conditions—investors buy gold as a safe haven during uncertainty
• Currency exchange rates—gold is priced in USD; a weaker dollar often lifts gold
• Supply and demand—jewelry, central banks, and industry all affect gold demand
• Inflation rates—gold is seen as an inflation hedge
• Geopolitical events—conflict or instability can drive demand higher

Our calculator uses live gold prices updated every 15 minutes so you get accurate gold value estimates.

Spot Price vs. Retail Price

Spot price is the current market price for pure gold (24K) traded on exchanges like COMEX. It reflects the raw value of gold before any markup. Retail price includes premiums for manufacturing, dealer profit, and other costs—jewelry typically sells for 15–50% above spot.

When selling gold, you typically receive 70–95% of spot value depending on the buyer. Our gold calculator uses spot prices to give you the melt value; use the scrap gold calculator to estimate cash-for-gold payouts.

Online Gold Buyers (Best Prices)

Online refiners and mail-in programs typically pay 85–95% of melt value. They have lower overhead than local shops and often offer free shipping, insured kits, and fast payment. Get multiple quotes before committing. Read reviews and check BBB ratings.

Local Options

If you need same-day cash or prefer in-person transactions:

• Pawn shops — Quick cash, usually 70–80% of melt value. No waiting, but lower payouts.
• Jewelry stores — May offer 60–75%. Some buy for store credit at better rates.
• Gold refineries — Best for large amounts (85–95%). Direct to refinery cuts middlemen.