Gold Calculator – Calculate the Dollar Value of Your Gold
Use our Gold Calculator to find out how much your gold jewelry is worth, with today’s gold price.
1. Weight of gold in Pennyweight (DWT)?
2. Purity of gold?
Your gold is worth:
Free Daily Gold Spot Price Calculator
Find out how much your gold jewelry & check out What We Buy for Cash is worth, based on the gold spot price today! Some simple tips and facts to understand how precious metal pricing is determined.
Can I use my bathroom or scale bought at the store to weigh my gold jewelry? Yes, but you better know what type of scale you purchased.
One Troy Ounce Vs. Avoirdupois Ounce
Troy Ounce Unit of Measure if for Precious Metals.
Avoirdupois is for dry goods like food or grain.
- 1 Troy Ounce = 31.1035 grams
- 1 Avoirdupois Ounce = 28.3495 grams
To keep things simple. One Ounce of metal is heavier than one ounce of food.
Gold Spot Price is $1,332.21 per troy ounce and My Gold Jewelry weighs one troy ounce, Why Am I not getting $1,332.21?
The purity of the commonly purchased gold jewelry in the US is 14k. Using 14k as an example; 14K is 58.5% pure gold or $773.49 per troy ounce based on the current spot price example of $1,332.21. The remaining 41.5% is silver, zinc, copper, & nickle.
What is a DWT Pennyweight? Why not use Grams for Gold Spot Price Calculation?
DWT or Pennyweight is easier math. 20dwt = 1 Troy Ounce. If you want to use Grams 31.1 = 1 Troy Ounce. Same value. Please visit our Sell for Cash or Borrow Short Term Pawn for clients interested in either selling for cash or borrowing short term. Jewelers & Pawnbrokers all use the daily Gold Spot Price to determine what is the market price for gold, silver, & platinum.
What Factors Influence the Gold Spot Price and is Now a good time to Sell?
A complicated topic and difficult to fully understand how the Gold Price is impacted each and every day. Jewelry demand in China, India, Europe, & the Middle East along with industrial demand influence the movement in the price. We have investment demand and the VIX Index. Mining production and consumption with population growth. Real Interest Rates vs. Nominal Interest Rates. Political Climate, Consumer Confidence, S&P 500 Index, & Currency Fluctuations. Some good charts to take a look at are the relationship between gold/silver/platinum vs. 10 Year Treasury Yield, Volume of Gold Eagles Sold, & Dollar.