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If you plan to sell antique jewelry you have lying around, you better know the price of gold per gram before doing so. In this way, you have a good idea of ??what kind of offer you should expect. This is a crucial step, because many people are selling gold for much lower than what it really is worth it. We recommend that you take care of this important first step.

I’m sure you’ve noticed that on television and radio ads featuring “best price” for gold. Or you can see the signs on the door of your local pawn shop offering the same “best price for your gold” places. There were even companies created solely to take advantage of record gold prices. While these offers may sound attractive, many people are wrong because they do not stop and do a little research first. If you do your due diligence, you are essentially gambling that will be able to get a higher price for their gold. Hopefully, reading this article, you will be better prepared.

In addition to determining the price of gold per gram, there are some things you should consider before selling your gold. To start, know that when you sell your jewelry to your pawn shop or dealer, you will only receive the value of gold content in jewelry. If you have jewelry that contains something other than gold, you will not receive its value. So you want to sell pure gold, if possible. Then you should consider what the value of your gold will be in the street when it is melted. Ok, we will examine how to understand what may be worth your gold in grams.

Gold is typically quoted in ounces. Whenever you hear the gold to be mentioned on TV or radio, is it to be in ounces. Then look at some simple steps.

The standard rule: 1 ounce = 31.10 grams of gold. For our example, suppose the price of gold is $ 1,400 per ounce. We would like to determine the price of gold per gram as follows:

$ 1,400 / 31.10 (in troy oz) = $ 45/gram (assuming 24 carat gold) So imagine your gold is 24 carats? The following table will help.

Multiply the following to calculate the value of gold scrap sorted by different carats:

For 10 carat (10K) multiply the price of gold per gram by.4167.

14 carat (14K) multiplying the price per ounce of gold by.5833.

18 carat (18K) multiplying the price of gold per gram by.75

24 carat (24K) just use the price per gram.

It should say the number you get from the previous step, the number of grams of quality that are offered. And ‘the current market price of scrap. Just be aware that when you sell your used gold dealers, you could get much less than market value. Thus, it is important to be prepared to go to fix the price of gold per gram in order to ensure you get top dollar for your gold.

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