What this calculator tells you
Use this calculator when you want the raw metal value of gold before premiums, brand value, or dealer fees. It is built for quick checks at a pawn shop, estate sale, coin shop, or kitchen table.
Gold Melt Value Calculator formula
Gold melt value = item weight in troy ounces x gold purity x gold spot price. Dealer estimate = melt value x payout percentage.
When to use it
- Estimate a 10K, 14K, 18K, 22K, or 24K gold item before selling.
- Compare a jeweler or pawn shop offer against spot melt value.
- Convert grams, pennyweights, grains, regular ounces, kilograms, and troy ounces.
- See per-gram and per-troy-ounce values for common gold karats.
What to check before relying on the number
- Stones, clasps, steel springs, watch movements, and non-gold parts should be removed or estimated separately.
- Actual settlement can differ after assay, refining terms, and local buyer spreads.
- Rare coins and collectible jewelry can be worth more than melt value.
Common questions
How do you calculate gold melt value?
Convert the item weight to troy ounces, multiply by the gold purity, then multiply by the current gold spot price. For example, 10 grams of 14K gold is 10 / 31.1034768 x 0.5833 x spot price.
Is melt value the same as what a dealer pays?
No. Melt value is the metal content value before dealer spread, refining fees, assay risk, shipping, and business margin. The payout field lets you estimate offers below full melt value.
Why does the calculator use troy ounces?
Precious metals trade in troy ounces, not regular household ounces. One troy ounce equals 31.1034768 grams.
Can I change the spot price?
Yes. Live prices are fetched when available, and the spot price box remains editable so you can model a dealer quote, a delayed price, or your own market assumption.