How Much Will a Pawn Shop Pay for 24K Gold?
Live melt reference in USD — illustrative payouts only.
Illustrative percentages only—not a quote from any specific shop. Offers vary by location and item.
Pawn shops usually pay a percentage of melt value, not a fixed list price. A common range is about 50–70% of melt for gold they buy outright (varies by shop). At the current USD spot used on this site, 24K is roughly $144.98/g melt before any discount.
Pawn shops usually quote as a % of melt, not a fixed per-gram “price list.” Use melt as the anchor, then judge the offer band for 24K.
24K is often bullion-style
24K is pure gold and often appears as bars, coins, or very high-purity jewelry. Pawn shops may be conservative on bullion because they manage price risk—so compare with reputable bullion dealers or refineries if you have time.
Quick links (melt by weight)
Open a few common weights so you can sanity-check offers fast.
Illustrative payouts by weight (pawn ~50% of melt)
| Weight | Melt (USD) | ~Pawn (50%) |
|---|---|---|
| 10 g | $1,449.80 | $724.90 |
| 20 g | $2,899.60 | $1,449.80 |
| 31.1 g | $4,508.88 | $2,254.44 |
| 50 g | $7,249.00 | $3,624.50 |
| 100 g | $14,498.00 | $7,249.00 |
| 1 g | $144.98 | $72.49 |
| 5 g | $724.90 | $362.45 |
Pawn vs other channels (per gram, illustrative)
Melt per gram for 24K at this snapshot: $144.98/g. Other columns are typical % of that melt.
| Channel | Typical % of melt / g | Est. $/g (USD) |
|---|---|---|
| Pawn shop | 50–70% | $72.49 – $101.49 |
| Local gold buyer / jeweler | 65–80% | $94.24 – $115.98 |
| Online / mail-in buyer | 80–92% | $115.98 – $133.38 |
| Refinery (bulk / high volume) | 88–95% | $127.58 – $137.73 |
Per-gram melt here is for this karat at our spot snapshot. Offers vary—not a quote.
Before you walk in (quick tips)
- If they propose a pawn loan, ask the interest/APR, loan term, and exact buyback amount in dollars—not just percentages.
- Ask for the number in writing on a receipt/ticket so you can compare it to another quote later.
- Confirm what they are paying for: metal only vs stones vs branded resale value.
- Clarify whether you’re doing a pawn loan or a straight buy—those are different transactions with different math.
How to sanity-check the offer
- Compute melt for 24K (weight × 24K $/g).
- Translate the offer into an implied % of melt (offer ÷ melt).
- If it’s a pawn loan, compare the buyback amount to the cash you receive (fees/interest can dwarf the spread).
Scrap gold calculator
Model melt vs buyer payouts for 24K—same spot basis as above. Pawn Shop uses the typical range we discuss on this page.
Scrap Gold Calculator
See what different buyers might pay based on market value
Adjust this price to project a future value. 24K per troy oz.
Typical ranges: pawn shops pay about 50–65% of melt value, online gold buyers about 80–92%.
Formula: weight × karat multiplier × spot price. 14K = 0.585, 18K = 0.75, 10K = 0.417.
Loading gold prices…
FAQ
- How much do pawn shops pay for 24K gold?
- Many pawn shops pay roughly 50–70% of melt for gold they buy outright, but it varies. At about $144.98/g melt for 24K, a 10 g item would be near $1,449.80 melt before any discount.
- Is the pawn shop price the same as melt value?
- No. Melt value is the full gold value at spot; pawn shops need margin and cover costs, so offers are usually lower.
- What should I ask a pawn shop before I sell 24K gold?
- Ask what unit they weigh in (grams vs dwt) and what percentage of melt they’re paying. If the first offer is low, reference melt and ask if they can move closer to typical bands. Get at least one other quote if you have time.
For per-gram melt tables, see 24K gold value by weight or the main pawn shop guide.