This article looks at how much 22ct gold is worth per gram today. As well as this information, it also delves into a lot more detail, which I hope will help you make an informed decision before selling your gold.
Cash for gold companies that offer free postage envelopes rely on keeping their fees and calculations secret. Unscrupulous dealers can take advantage of your confusion, meaning you could loose out on hundreds or even thousands of pounds. After reading this article, I strongly recommend you think twice before using a free envelope cash for gold service.
Right now, we’re paying £
This webpage automatically updates whenever we adjust our prices. That means that the price displayed here is exactly what we’ll pay you if you were to sell your 22ct gold to us right now.
Top Tip: Had a quote from another gold company? Before you accept their offer, make sure you obtain a clear itemised breakdown of their valuation. You need to know the weight (in grams) and the purity (carat) of your items. Once you have this information, use our handy tool to calculate the real value of your gold. It’ll help you determine whether you’re being offered a fair price. We’ve seen quotes for as little as 20% of the gold value so it really does pay to check before you sell. Bottom line, if you’re being offered less than 90%, you should go elsewhere!
22 carat gold is 91.67% pure and among the most sought-after after forms of gold available in the UK.
Pure gold is known as 24 carat gold. It’s beautiful but quite soft. 22ct gold includes a small amount of other metals like copper, silver and zinc which makes the alloy hard-wearing without loosing the bright lustre.
You’ll sometimes seen carats spelled ‘karats’ and 22ct gold referred to as ‘22k’. It’s the same thing, just an American spelling. You might also see 22 ct gold referred to as 916.7 gold or .916. That’s just a different way of talking about the purity of gold, used by precious metal experts.
UK law requires gold jewellery and other gold items to be stamped with a tiny hallmark. Hallmarks are an old form of consumer protection, ensuring the you get exactly the purity of gold you’re paying for. UK hallmarking legislation requires any item made after 1950 and described as 22ct gold to carry a ‘916’ stamp (identifying the purity) as well as the symbol of one of the four UK assay offices.
Other countries have different systems and old jewellery might have no hallmarks at all. In cases like this its hard to be sure you’ve got 22ct gold.
If you need help identifying your hallmark, take a look at our hallmark identification wizard.
At Gold-Traders, we employ high-end XRF technology to quickly and precisely test the chemical composition of the gold our customers want to sell. We’re easily able to authenticate your 22ct jewellery, ensuring you get a fast and accurate payout.
Read more: What is an XRF Machine?
The value of old gold jewellery like rings and bracelets is determined by the weight and gold content of the piece. We sometimes call the gold value of an item its ‘scrap value’. It doesn’t matter if your gold jewellery is broken or damaged: it’s still worth something.
Working out how much your 22ct gold is worth is based on two factors:
Our current price for 22ct gold is £
In the past, some coins were made of real 22 carat gold. The most famous British 22ct gold coin is the gold Sovereign. Lots of old Sovereigns, made during the time of Queen Victoria, are still kicking around and the UK’s national mint is still producing them as an investment coin.
You can definitely sell 22ct gold coins like Sovereigns and assuming they’ve never been mounted in jewellery, they’re worth more than regular scrap gold. Visit our Sovereigns page for up-to-date bullion rates. Historic and rare examples will net you more.
Other 22ct gold coins are also valuable. British Britannias, South African Krugerrands and American Eagles are made from 22ct gold and we’ll pay a premium for these collectible coins. Check out the rates we’re currently paying for gold coins, or contact us for a quick quote.
We launched Gold-Traders UK in 2008 to offer fair prices and great customer service to Brits looking to sell their unwanted gold. We’ve always sought to be transparent about how the precious metals industry works, while shining a light on the tricks employed by a few of our competitors. Our live scrap gold prices (including for 22 carat gold jewellery) are easy to access so you know exactly what we’ll pay.
In 2022, our hard work was rewarded when we became the first UK precious metal dealer to be vetted and approved by Trading Standards through their national Buy With Confidence scheme. Check their site for unbiased customer reviews or have a look at our Trustpilot page (we’re rated excellent!).
Gold is one of the heavy metal elements and comparatively rare. Precious metals like gold, platinum and silver are created when neuron stars crash together. These small but incredibly dense stars contain the huge amount of energy needed to create the metals when they collide. This precious metals are then thrown out into the universe where they combine with other stardust into planets and comets. When our planet was being formed, most of its gold sank into the earth’s core. Scientists estimate there’s enough gold in our planet’s core to cover the whole surface to a depth of 1.5 feet – if we could only reach it.
The gold we mine, use and refine in our society comes from surface deposits of gold. These originate from meteorites that crashed into the earth and left the gold behind many eons ago, before all of human history. For example, some of the largest gold deposits in South Africa are estimated to be three billion years old.
Gold is found on every continent although about 40% of all gold was mined at Witwatersrand, in South Africa. Some gold is found in rock formations such as quartz and iron pyrite, and in natural alloys with silver and copper. This is called gold ore. Small particles of gold can also be embedded in rock with other minerals such as pyrite or ‘fool’s gold’ to form a lode deposit.
Flakes and nuggets of gold can be found in rivers and streams. These are made up of particles of gold eroded away from rocks. The particles travel down into the water and eventually collect into larger pieces of gold. These are called ‘placer’ deposits from the Spanish word for a sandbank.
Fascinatingly, research has shown that bacteria may also be responsible for creating nuggets of pure gold. Some bacteria have a genetic resistance to heavy metal toxicity and can dissolve gold into nanoparticles. These then travel through sediment and accumulate into nuggets. In fact the largest nuggets ever discovered were found underground in mines. The Canaã nugget is the largest gold nugget currently in existence. It was found in the Serra Pelada mine in Brazil and contains 115.37 lb of gold.
Humans have been mining for gold since the earliest civilisations yet all the gold ever mined in the world could be contained in three Olympic sized swimming pools. It’s thought that there is approximately only another 20 years’ worth of gold left that can be easily mined.
Our planet’s oceans contain a huge quantity of gold, approximately 10 – 20 million tons. However the gold is dispersed throughout the waters in tiny amounts of about 1 gram in 100,000 tons of seawater. Many have tried to invent schemes to extract the gold from water. Yet the gold in our oceans remains too difficult and expensive to obtain.
Our bodies also contain about 0.2 milligrams of gold with most of it flowing through our blood.
Gold is very stable. This means it doesn’t rust or tarnish like other metals such as silver. Of all the different kinds of metals, gold is the only one that is both coloured and keeps its shine forever. You could bury gold for thousands of years and it would remain un-corroded and shining bright.
Gold is the least reactive of all the chemical elements. It is unaffected by most acids and chemical bases. As a result it is one of the few elements that can be found in its pure natural state. Miners in the nineteenth century knew that gold didn’t react to most other chemicals and used this to test the purity of their finds. They took nitric acid and dripped it onto the metal. If the gold didn’t dissolve or react this showed that it was pure. It is from this practice that we get the phrase ‘acid test’.
Gold can be dissolved with a solution called ‘aqua regia’ first discovered by the alchemists. This is a mixture of nitric and hydrochloride acid that together act as a powerful oxidizer to break the gold down.
Gold is very malleable and soft. It can be beaten out into super-thin sheets, for example a piece of gold about the size of a grain of rice can be beaten flat to cover one square metre. Gold can even be manufactured thin enough to make it semi-transparent.
All of these properties of gold are related to the way the atoms in the gold bond to one another. The strong bonds between the gold atoms stop gold from reacting with other elements and tarnishing. Gold’s molecular structure is held together tightly which creates its malleability and high conductivity. Gold also has very dense and mobile electrons which is why the metal shines when the light bounces off of it.
The carat system is commonly used to describe how pure gold is. 24 carat gold is considered to be unadulterated gold. 18 carat gold is 75 % gold or 18 parts gold with 6 parts formed of another metal. In actual practice it’s impossible for gold to be completely 100 % pure but the amount of acceptable impurity is very small at 0.01 %. The absolute purest known sample of gold was produced at the Perth mint in Australia and was confirmed to be 999.999 % pure gold.
The word carat comes from the Arabic name for the seed of the carob tree. In the days before standardised measurements, the carob seed was used to weigh gold because people believed the seeds all weighed the same – although this wasn’t actually true. One pure gold coin was considered to weigh the same as 24 carob seeds and so 24 carat gold was used as a measurement of 100 % gold.
Gold can be melted and mixed with other metals or chemicals to form an alloy. This gives the alloy characteristics of both substances. Gold, for example can be combined with another metal to strengthen it and make an alloy that is tough enough for everyday use.
Ancient civilisations such as in Egypt and Greece knew how to make gold alloys. They mixed gold with other metals to create brightly coloured alloys for jewellery and decoration, such as iron and gold which combined to make a vivid burgundy red metal.
Today white gold and rose gold are common alloys. White gold is a combination of gold and white metal such as silver, palladium, platinum and nickel. A nickel and gold mix makes the alloy strong and hard whereas platinum and gold produces a heavy and durable alloy.
Rose gold is made from gold and copper. The more copper there is in the alloy, the brighter red it becomes. Rose gold was so popular in Russia during the nineteenth century that it became known as Russian gold.
Gold can be mixed with other metals and chemicals to produce alloys ranging in colour from black to blue, grey, green and purple.
The nature of gold means that it’s quite easy to separate it from an alloy. As gold is unreactive, a gold alloy can be heated with salt to make the other metals burn away or be absorbed to leave the pure gold behind.
It is possible to create artificial gold. In 1924 a Japanese physicist produced gold from mercury by bombarding it with neutrons – but the gold was radioactive. Since then experiments have included using a particle accelerator to transform bismuth to gold, and irradiating platinum and mercury in a nuclear reactor.
The problem is that gold is produced by immense amounts of energy and heat from the fusion of dying stars. We could replicate some of those conditions using a supercollider but it would be too expensive and take too long to produce enough metal for it to be a feasible source of gold.
There is an alternative source of gold to mining or artificial experiments. The reclamation of previously used gold is an increasing source of the metal. As well as for jewellery, gold is often used in the electronics industry. The properties of gold such as its high conductivity and lack of tarnish mean it is used in circuit boards and wiring. As a result obsolete electronic devices such as computers and mobile phones are now a substantial source of recoverable gold. For example in 2015 Apple obtained over 2000 lbs of gold from broken iPhones.
It is now both profitable and more environmentally friendly to recycle the gold that has already been in use, rather than extract fresh gold from mining into the earth.
Some cash-for-gold companies take advantage of customers who don’t know what their gold is worth. They keep their calculations secret and some even deduct fees for postage or processing. If you don’t know how much 18ct gold is worth per gram, you’re at risk of getting ripped off.
I strongly advise you to read this guide carefully. I’m going to explain how you can work out the value of your 18ct gold and how you can compare quotes. It’s not complicated, but it will help you make an informed decision.
Right now, Gold-Traders UK will pay you £
Our rates are based on the real-time, global gold bullion market which can fluctuate up and down. You can see the live ‘spot’ price for gold and other precious metals at the top right corner of our homepage.
We’ve seen quotes from other companies for as little as 20% of the market value of our customer’s 18ct gold. If they had sold their gold to us they could have made hundreds or even thousands of pounds more.
Got a quote from another buyer? Insist on a breakdown of the quote and calculate the real value of your gold using our fact-checking tool. Enter the weight of your gold and the price you’ve been offered to see how the numbers stack up. If you’re being offered less than 90% then it pays to go elsewhere.
Carats (or karats) are a way of talking about the purity of gold. 100% pure gold is referred to as 24-carat. Lower carats contain a percentage of gold, alloyed with other metals. This can make it stronger when compared with pure gold which is quite soft (not great for making jewellery). As well as being more durable, gold alloys are also less expensive than pure gold, while retaining the rich glowing lustre.
18-carat gold is made from 75% pure gold and 25% other metals. Jewellers and goldsmiths use copper for a rose gold colour and silver or zinc to achieve a lighter colour.
Wedding rings and engagement rings are often made out of 18ct gold because it’s more durable, making it perfect for daily wear. As well as being beautiful fine jewellery items, 18ct rings are literally worth their weight in gold and you could be in for a nice payout if you choose to sell.
The value of 18ct gold jewellery is based on two factors:
Our current price for 18ct gold is £
This simple equation applies to jewellery, some gold watches (minus their movement) and even dental gold. It doesn’t matter if the item is broken or damaged: if it’s made from 18ct gold, it’s still valuable.
Certain jewellery items, watches or other collectables like coins might be worth more than their gold value. We pay a premium for prestige watches and gold coins so check out our rates or contact us for a quote.
How do you know if your gold is really 18 carat?
Modern jewellery made in the UK will display a hallmark, which can tell you exactly what your gold jewellery is made of. Hallmarks are the tiny stamps you see on the inside of rings or the backs of earrings. They’re a type of consumer protection, designed to assure buyers they’re getting what they pay for.
Hallmarked British 18ct gold should display a tiny ‘750’ or ‘18’. You can confirm the purity of your gold and work out the precise year it was made by using our online hallmark identification wizard. Different numbers and symbols might be used if you bought your gold abroad or it might show no hallmarks at all. You can still sell this gold but checking its carat at home can be a challenge.
In the Gold-Traders office, we used a high-tech tabletop XRF analysis to test the chemical composition of our customers’ items. This means we can easily authenticate your unmarked gold and we’ll let you know if it’s more or less pure than you thought, ensuring an honest and accurate appraisal.
So, you’ve worked out the real value of your 18ct gold and you’ve got a good quote. How are you going to get your precious metal to the buyer?
Some cash-for-gold companies will send you a ‘free’ postage bag or envelope. These are a marketing gimmick. We don’t offer them.
These pre-paid mailers don’t provide any additional protection for your items when they’re in transit and the price will be deducted from your payout. Most of these postage packs aren’t used and the big gold-buying companies recoup the associated costs by offering low prices for their customer’s gold.
You can save money by using your own padded ‘jiffy’ envelope (we’re happy to receive recycled and repurposed packing materials, so long as you use a Special Delivery outer bag). Choose Royal Mail Special Delivery at the Post Office and retain your proof of postage slip. This service provides insurance and you’ll be able to track your gold every step of the way.
We founded Gold-Traders in 2008 to make selling gold straightforward. We want to demystify the process and lift the lid on unscrupulous practices but most importantly we want our customers to get a fair price. That’s why we share our live gold prices, letting you know exactly what we’ll pay for 18ct gold and other gold items.
In 2022 our hard work was rewarded when we became the UK’s first precious metal dealer to gain Trading Standards approval through their trusted Buy With Confidence Scheme. There are lots of independent reviews for Gold-Traders on their website and even more on our Trustpilot page from customers like you who have sold us their scrap gold.
Ready to cash in your 18-carat? Fill out a claim form online today. All you need to do is post your gold to us and you could get a payout the next working day. No hidden fees and no uncertainty.
Looking for more information? Contact our friendly team now: they’re waiting to help you with your sale
Unlike British hallmarking (which is mandatory for all items of gold jewellery weighing more than 1g), gold jewellery made in India does not have to be hallmarked or assayed. For the consumer, there is therefore no guarantee that an item purchased contains the correct quantity of gold, or in-fact, any gold at all!
If you have gold to sell, don’t forget to check out our up-to-date scrap gold prices.
Occasionally, we’ll receive an item bought in Asia in good faith, seemingly stamped as being gold, but being fake.
It is common to see Indian (and Asian) jewellery marked as ’22kt’, but when tested may only be between 87% to 88% pure, the equivalent of 21ct gold. This could be down to the quantity of solder used in intricate items (solder is often of a lower purity) or the jeweller simply using slightly less gold to increase their margin.
A 22ct gold bangle with a BIS hallmark
Like a British hallmark, the BIS mark is made-up of a series of elements:
Bureau of Indian Standards mark
This is the official BIS logo. Jewellers who want to use the BIS mark must obtain a licence and adhere to strict guidlines relating to the purity of marked items.
The BIS recognise the following gold purities:
This mark identifies where the item of jewellery has been assayed and hallmarked.
The date letter shows the year the item was hallmarked. Starting in 2000 with the letter ‘A’ and moving up one letter each year, it is easy to work out the correct date. In our example photo above, the date letter ‘L’ tells us the bangle was assayed in 2011.
This mark identifies the BIS certified jeweller / manufacturer of the item.
Related article: Bureau of Indian Standards hallmarking
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.
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 £
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.
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.
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:
As I’ve already mentioned, today we’re paying £
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.
Unsure of the weight or type of gold you have? No problem! Simply complete our simple online claim form and send us your scrap gold for a free, no-obligation quote.
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Company Registration Number: 6521732Registered Office: 143 High Street, Royal Wootton Bassett, SN4 7AB