Question 1

How do I calculate the value of my gold jewelry?

Accepted Answer

To calculate gold jewelry value: 1) Determine the karat (purity) of your gold, 2) Weigh your gold in grams, 3) Check current gold spot price, 4) Use the formula: (Weight × Purity Percentage × Gold Price per gram). Our calculator does this automatically.

Question 2

What is the difference between 14K, 18K, and 24K gold?

Accepted Answer

Gold purity is measured in karats: 24K is 99.9% pure gold, 18K is 75% pure gold, 14K is 58.3% pure gold, and 21K is 87.5% pure gold. Higher karat means more gold content and higher value.

Question 3

How accurate is this gold calculator?

Accepted Answer

Our calculator uses real-time gold spot prices and standard industry formulas. It provides accurate estimates for the metal value, but actual selling prices may vary based on market conditions, dealer margins, and jewelry craftsmanship.

Question 4

Should I accept a jeweler's offer below market value?

Accepted Answer

Offers 10-20% below market value are typical for gold dealers due to processing costs and profit margins. Our calculator shows if an offer is good (above market), fair (within 10% below), or poor (significantly below market value).