Live Gold Price Updated

Scrap Gold Price Per Gram Calculator

Convert and calculate the exact melt value of your scrap gold in Grams, Pennyweight (DWT), Troy Ounces, Grains, and Milligrams.

Calculate Your Gold's Value
⚡ Live Gold Price (per Troy Oz) Live Spot
🕒 Updating... • 📡 Live Feed
$
Estimated Scrap Gold Weight Value
$0.00
💰 See what buyers actually pay — after deductions →
Please enter a valid weight.
📖 Overview

What Is a Scrap Gold Price Per Gram Calculator?

The Gold Value Per Gram Calculator converts gold weight and purity into a per-unit melt-value estimate using the current gold-price input.

Convert and calculate the exact melt value of your scrap gold in Grams, Pennyweight (DWT), Troy Ounces, Grains, and Milligrams.

⚡ Live Spot Basis ⚖️ Multi-Karat 📊 Payout Modeling
Gold inspection illustration
Gold inspection illustration
🧮 Formula

Scrap Gold Price Per Gram Formula

The calculator follows this formula so the estimate stays tied to weight, purity, and the current gold spot price:

G=(P÷31.1035)×(K÷24);V=G×W

G is the gold value per gram, P is the gold spot price per troy ounce, K is karat, V is total melt value, and W is weight in grams.

Calculations use standard weight and purity formulas with live market spot prices. See our Calculation & Editorial Methodology for complete formula steps and limitation disclosures.

mg→g→dwt→ozt

Gold Weight Payout Estimator

Model a buyer's net quote per gram or weight unit using disclosed payout terms and fees

The melt value per gram is the pure metallic value. In real-world transactions, gold buyers, pawn shops, and refineries may apply operating margins, fees, and other deductions. The preset ranges below are illustrative modeling inputs rather than universal market rates.

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Refineries & Smelters Terms vary by lot and process Compare the final net payout after fees
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Jewelers & Dealers May pay for melt, resale, or both Ask what assumptions and deductions are included
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Pawn Shops & Kiosks Offers can vary widely Convenience may come with a wider buyback spread
Buyer Payout Ratio 85%
Applied buyer deduction: 15% (buyer margin) Example input — replace with the buyer's quoted payout percentage.
Melt Value
$0.00
Buyer Spread
−$0.00
Fees & Loss
−$0.00
Net Cash
$0.00

USD Market Value Rates per Weight Unit

Live scrap gold price per gram, per pennyweight (DWT), and per troy ounce — updated from the gold spot market

Convert effortlessly between weight units. Select a karat tier to update the price per gram, pennyweight (DWT), and troy ounce.

Per Gram
$78.01
1 gram = 0.0322 troy oz
Per Pennyweight
$121.31
1 DWT = 1.555 grams
Per Troy Ounce
$2,426.25
1 troy oz = 31.1035 g

How to Measure & Convert Gold Weight

Three steps — zero your scale, choose your weight unit, calculate melt value

⚖️
Zero & Weigh Gold
Use a digital jeweler scale accurate to 0.01 grams. Remove non-gold items and tare the scale before weighing.
Ensure draft covers are closed on micro-scales. Kitchen scales rounding to whole grams introduce valuation errors.
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Select Weight Unit
Choose Grams, Pennyweight (DWT), Troy Ounces, Grains, or Milligrams. Our tool auto-converts.
1 Troy Ounce = 31.1034768 Grams = 20 Pennyweights (DWT) = 480 Grains.
💰
Get Your Value
Select karat purity and click calculate to view fine gold content and total melt value.
Adjust the gold spot price input to freeze specific quotes when comparing buyer offers.

Grams vs Pennyweights (DWT)

While international precious metal markets trade in grams, US jewelers and pawn shops frequently quote scrap in pennyweights (DWT). One pennyweight equals 1.55517 grams. 20 DWT equal 1 troy ounce.

Troy Ounces vs Standard Ounces

Precious metals use troy ounces (ozt), which weigh approximately 31.1035 grams. Standard avoirdupois ounces weigh only 28.3495 grams. Never use standard grocery scale conversions when evaluating scrap gold.

Fine Gold Weight Calculation

To determine pure gold weight: multiply gross weight by (Karat ÷ 24). For example, 10 grams of 14K gold contains 10 × 0.5833 = 5.833 grams of pure 24K gold. For the complete calculation steps including buyer payout and fees, see our guide on how to calculate scrap gold value manually.

Gold Weight & Unit Conversion Considerations

Understanding weight standards, purity fractions, and spot pricing

Precious metal valuation depends on two primary metrics: precise weight and purity percentage. This calculator unifies all standard precious metal weight units (Grams, DWT, Troy Oz, Grains, Milligrams) into exact 24K fine gold content.

18K
75.0% Gold

Weight Units in Precious Metals

Precious metal markets use distinct weight standards. The troy ounce (approximately 31.1035g) is the standard reference for spot market trading. Grams are standard in metric countries. Pennyweights (DWT) remain popular among traditional US goldsmiths and pawnbrokers. Grains (1/480th of a troy oz) are used for micro-weights.

Importance of Scale Calibration

Check scale calibration with an appropriate test weight and follow the scale manufacturer's instructions. A weighing error changes the estimated value in proportion to the lot weight, purity, and current gold price.

Deducting Non-Gold Weight

Remember to remove gemstones, watch glass, steel springs, or enamel coatings before weighing. If stones cannot be removed safely, jewelers use gemstone dimensional formulas to estimate and subtract non-metal weight.

Specialized Tools

Specialized Scrap Gold Calculators

Specialized tools for every scrap gold scenario — pick the one that matches your gold item.

Frequently Asked Questions About Scrap Gold Price Per Gram

Divide the live gold spot price per troy ounce by 31.1034768 to get the 24K per-gram rate, then multiply by the relevant karat fraction. The exact value changes whenever the spot price changes.

Scrap gold is measured in Grams (g), Pennyweight (DWT), Troy Ounces (ozt), Grains (gr), and Milligrams (mg). Grams are universal, while US jewelers and pawn shops often quote in pennyweights (1 DWT = 1.55517g).

There are exactly 31.1034768 grams in 1 troy ounce (ozt), compared to 28.3495 grams in a standard avoirdupois (grocery) ounce. Troy ounces are about 10% heavier.

Multiply DWT by 1.55517 to get grams. To convert grams to DWT, divide by 1.55517. Exactly 20 DWT equal 1 troy ounce (31.1034768g).

Yes. Use a scale with resolution appropriate for the size of the lot; for small jewelry items, 0.01g resolution can reduce rounding error. The value impact of a weighing error changes with the item's purity and the current gold price.

Exclude stones and other non-gold components when estimating contained-gold value. A buyer may remove them, estimate their weight, or apply a separate deduction, so confirm the method used in the quote.

1 troy ounce equals 480 grains. Divide the live spot price by 480, then apply the relevant karat fraction to estimate the current per-grain melt value.