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Scrap gold calculator

Value of gold metal in scrap gold

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Table of contents:


Unit weight conversions
1 troy ounce (oz t) = 31.1034768 g

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Disclaimer

The calculators on this page are for information purposes only.

We do not buy or sell precious metals.

Gold melt value only

Gold is often used inside alloys (mixture of metals).

The calculator on this page is only calculating the value of the gold metal component.

Solid gold jewelry

The calculators assume homogenous (uniform) composition.

Gold price

Gold trades on international commodity markets.

This website uses the gold bid price which is different from the gold ask price and gold spot price:

  • Bid price: The price for immediate purchase.
  • Ask price: The price for immediate sale.
  • Spot price: The price trading (buying and selling) is occurring for immediate delivery.
  • Bid-ask spread: The difference between the bid price and the ask price.

Look under the gold price being used in the calculator to confirm when the price was last updated.

Live gold price

The live gold price is retrieved when the page first loads or when the currency is changed.

If you are on this webpage for some time then the price shown become less up-to-date, therefore we recommending refreshing the page every so often in this situation. The frequency you refresh is dependent on your tolerance for currency and price flucations and their effect on the calculator currency-denominated inputs and outputs.

Occasionally we are unable to connect to our live gold price feed.

If this occurs, the website will fall back to using the non-live gold price equivalent of the currency requested.

Non-live gold price

We aim to update the non-live gold price currencies once per hour.

Occasionally there will be a longer interval between updates.

All prices in this list should only be considered estimates due to small delays in data synchronization and the nature of price and currency fluctuations.

Karat scale to fineness scale approximation

The karat scale purity is rounded to 0.1%. For example, 8K is rounded to 33.3% (or 333 in fineness scale); rather than 33.33% recurring.

We are also using the rounded down fineness, as opposed to the rounded to nearest whole number fineness. See table below for the difference.

Karat
(K)
Parts gold to alloy Percentage
(%)
Fineness
(Round down)
Fineness
(Round to nearest whole number)
24K 24 / 24 100 1000 1000
23K 23 / 24 95.83 958 958
22K 22 / 24 91.67 916 917
21.6K 21.6 / 24 90 900 900
21K 21 / 24 87.5 875 875
20K 20 / 24 83.33 833 833
19K 19 / 24 79.17 791 792
18K 18 / 24 75 750 750
17K 17 / 24 70.83 708 708
16K 16 / 24 66.67 666 667
15K 15 / 24 62.5 625 625
14K 14 / 24 58.33 583 583
13K 13 / 24 54.17 541 542
12K 12 / 24 50 500 500
11K 11 / 24 45.83 458 458
10K 10 / 24 41.67 416 417
9K 9 / 24 37.5 375 375
8K 8 / 24 33.33 333 333
7K 7 / 24 29.17 291 292
6K 6 / 24 25 250 250

For 24K gold, we offer 2 nines (990), 3 nines (999), 3 nines 5 (999.5), 3 nines 7 (999.7), 4 nines (999.9), 4 nines 5 (999.95), and 5 nines (999.99). See nine purity for more information.

Some manufacturers may stamp a particular karat but the fineness may vary slightly (for example, 14K gold which is 583 may be stamped 585).

Rounding

We use a simple rounding algorithm in calculating currency-denominated values. This is due to accepting a large range of currencies and the need to present user-friendly numbers.

The total weight and total metal weight are rounded and truncated at 0.01 g and 0.001 oz t.


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