|Jul 31, 2014 Scrap Gold Prices|
|24K (pure, .999+) ||$41.26/gram|
|18 Karat ||$30.94/gram|
|14 Karat ||$24.07/gram|
/ troy ounce|
Scrap Gold Calculator
Discovering the value of your gold is an easy process. Common kitchen scales usually measure in grams, but consider finding a digital gram scale for greater accuracy. The live gold price is used below.
* 18 karat, 14 karat, and 10 karat are common for gold jewelry. If your scrap gold is not stamped with a karat number, you may want a gold testing kit to confirm purity (see below).
Two Items to Help Value Your Scrap Gold Jewelry:
1. Digital Gram Scales are very inexpensive and common at retail stores. Most typical kitchen scales measure in grams. At a minimum, these scales can give you a rough weight estimate without purchasing a more accurate scale. If you want more accuracy, scales on eBay and Amazon.com are usually priced under $10.00.
View digital gram scale listings on eBay.
2. Basic Gold Testing Kits are also affordable, but are more difficult to find at retail stores. Many of the simple "testing acid" kits on eBay and Amazon.com sell for under $20.00. However, more sophisticated and accurate gold testing tools can be much higher in price.
View gold testing kit listings on eBay.
To sum up, it is possible to have all the tools you need to evaluate the value of your gold accurately for only $30.00. It may be a prudent investment to have these items even if you have a small amount of scrap gold.
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