How to Calculate Scrap Gold Value Step-by-Step

Understanding the melt value of scrap gold empowers you to get fair pricing when selling jewelry, coins, or scrap metal.

1. Weigh Your Gold

Use a digital scale precise to 0.01 grams. Weighing in grams is standard, but you can also convert to pennyweights (DWT) or troy ounces.

2. Identify the Karat Stamp

Check your gold items for hallmarks:

• 10K (41.7% pure)
• 14K (58.3% pure)
• 18K (75.0% pure)
• 22K (91.7% pure)
• 24K (99.9% pure)

3. Apply the Melt Formula

Melt Value = Weight in Troy Oz * (Karat / 24) * Spot Price

Use our live Scrap Gold Calculator to perform instant conversions with real-time market rates.