Gold & Silver Melt Value Calculator
Calculate scrap gold and silver jewelry values using live spot prices
Input
Troy ounce (oz t) = 31.1035g
Karat = gold purity (24K = 99.9%)
Melt Value
Total Melt Value
$0.00
1 Grams of 24K gold
Weight
0.0322
troy oz
Purity
24.0K
100.0%
Pure Metal
0.0322
troy oz
Spot Price
$0.00
per oz t
Gold Karat Melt Values: 10K to 24K1 g
Frequently Asked Questions About Melt Values
How is gold melt value calculated?
Gold melt value is calculated by multiplying the weight (in troy ounces) by the gold purity (karat/24) and then by the current spot price. For example, 10 grams of 14K gold = (10g ÷ 31.1035) × (14/24) × spot price.
What is the difference between 14K and 18K gold?
14K gold contains 58.5% pure gold (14/24), while 18K gold contains 75% pure gold (18/24). Higher karat gold has more pure gold content and therefore a higher melt value per gram.
What is sterling silver purity?
Sterling silver is 92.5% pure silver (.925), making it the standard for silver jewelry. Fine silver is 99.9% pure (.999), while coin silver (used in pre-1965 US coins) is 90% pure (.900).
How much is my scrap gold jewelry worth?
Scrap gold value depends on weight, purity (karat), and current spot price. Dealers typically pay 70-90% of melt value. Use this calculator to find the base melt value, then expect to receive a percentage of that when selling.