Do you have scrap gold lying around the house that you want to get rid of? A lot of people find themselves owning broken, damaged, or unwanted jewelry that they just don’t need and don’t know what to do with. It could be a ring from an old fling, or a bracelet you just never wear. Thanks to the ever increasing cost of gold this scrap metal can be very valuable depending on the weight and karat. So if you have something valuable that you don’t need, why not sell it? There are many places that buy gold, and would be interested in your broken or damaged jewelry.
How do you know how much your gold is worth? If you take it to a professional or mail it away in an envelope, those experts can tell you…but they tend to keep their formula a secret. To calculate the value of your gold you would need to know 3 things: the weight, the karat, and the gold price. For your scrap gold, divide the karat by 24, then multiply that number by today’s gold price per gram.
For example, if you have 10KT gold and the current price of gold is $28.94 per gram ($900.00 / 31.1), then the price of your scrap gold is $28.94 x .4167 = $12.06 per gram.
10KT = 10/24 = .4167
14KT = 14/24 = .5833
18KT = 18/24 = .750
Gold is very valuable right now, and prices are still rising. So if you need the cash, you should probably consider selling your unwanted scrap gold right away. That means finding the best service that will pay top dollar for your gold. Getting rid of all the ugly jewelry that you’ll never wear, and turning it into cash to pay the bills sounds pretty nice to most people. That’s why gold buying services are so popular in this day and age. So what are you waiting for, sell your gold now that it’s worth so much.
