If you’re researching the price of 9ct gold because you have some to sell, I hope this comprehensive article is of benefit to you. In addition to the content on this page, I strongly urge you to also think twice before selling your gold using a free envelope cash for gold service. These articles are as detailed as possible to help you make an informed decision before selling your gold.
Please trust me when I tell you that choosing the wrong buyer can result in you being paid between 50% – 60% less for your items. The worst buyers (who often have huge advertising budgets), will pay as little as 20% if you fail to challenge them. This isn’t me trying to frighten you, it’s true. As crazy as it may seem, the ‘cash for gold’ market in the UK is largely unregulated, meaning anyone can set themselves up as a gold buyer with minimal effort. As a result, there are many buyers around who employ all the tricks they can muster to get your gold for the lowest price possible.
The price of 9ct gold per gram in the UK today
I’m often asked how much 9ct is worth per gram. It’s important to note that the figures on this page are always up-to-date. Today, we’re paying £ for 9ct gold. That’s only marginally below the market ‘spot’ price for gold and there are no fees or deductions to come off the price.
If you want to calculate the true value of your gold, based on the live ‘spot’ price, we have a handy gold price comparison tool that’ll work out value and calculate the dealer margin, if you’ve had a quote elsewhere.
What is 9ct gold?
9ct gold is an alloy (a mix) of metals, comprising of 37.5% gold and a combination of other metals, commonly copper, silver and zinc. The proportion of other metals used is dependent on the colour required. For example, 9ct red or ‘rose’ gold will contain a high proportion of copper and little zinc or silver. In contrast, 9ct white gold will still contain 37.5% gold, but have a lower amount of copper and higher amounts of zinc or silver.
In the UK, under hallmarking legislation, any item made after 1950, weighing over 1 gram and described as ‘gold’ must carry a recognised hallmark. The purpose of the hallmark is to guarantee to the consumer the item they’re purchasing contains, at minimum, the purity of gold described.
How much is a 9ct gold ring worth?
When selling gold rings or any other item of gold jewellery, it’s important to recognise the difference between its original retail value and its gold (sometimes referred to as ‘scrap’) value. Second-hand gold jewellery will almost always get valued based on its weight and gold content.
Calculating the value of a 9ct ring will be determined by these two factors:
- The value of 9ct gold on the day of the sale (per gram), multiplied the weight of the ring in grams, ideally to 1/10 of a gram.
As I’ve already mentioned, today we’re paying £ for 9ct gold (note this page is always up-to-date). So multiply this figure by the weight of your ring to see how much we’re paying. Assuming you got your weight correct, that’s the amount you could expect to be paid by us. No deductions, no fees.
Who is Gold-Traders UK?
Gold Traders UK Ltd was launched in 2008 to offer a fair and transparent service to those wanting to sell their unwanted gold. The business has always sought to shine a light on our less than transparent competitors, who, while often claiming to pay ‘top prices’, fail to disclose up-front the rates they genuinely pay.
In 2022, Gold Traders became the first precious metals dealer in the UK to be vetted and approved by Trading Standards, through their national Buy With Confidence scheme.
See a full breakdown of our scrap gold prices here. Please don’t forget, if you have Sovereigns or other bullion to sell, we pay even more for those.
See a full breakdown of our scrap gold prices here.
Further reading
Leave a Reply
