How to use our calculator
The calculator on this page will help you calculate the real value of your gold. Pricing is based on the current 'spot price', which fluctuates during normal trading hours.
You'll need to know two pieces of information to work out the value of your gold:
- The purity / Carat (also spelt Karat) of your gold
- Its weight
If you live in the UK, the Hallmarking Act 1973 stipulates that any item of gold weighing over 1g must be hallmarked. This is your guarantee that the item contains (at minimum) the stated amount of gold. Check out our gold hallmark wizard if you need help identifying a hallmark.
Unfortunately, gold purchased in the USA is subject to lower quality control. The minimum recognised purity for an item to be called 'gold' in the States is 10k. However, under-karating occurs and is impossible for the average consumer to spot.
If possible, weigh your gold on a set of jewellers digital scales. You need to know the weight, in grams, preferably to one-tenth of a gram. Be wary of digital kitchen scales as many units only weigh in increments of 1, or even 5 grams.
Enter the weight and purity of your gold into our calculator and select your preferred currency. If you've already been offered a price for your gold, enter it in the 'Offer Price' box.
Click the 'Calculate' button, and our calculator will give you the real value of your gold.
Already sent your gold to a postal 'Cash for Gold' company without receiving an up-front valuation?
Don't panic! All is not lost. We have a number of cash for gold price match tools that allow you to test some of our competitor's price match guarantees. We'll supply you with a written formal quote that you can use to either increase your payment or decide to get your gold returned because we can pay you a better rate.
- Cash Any Gold Price Match
- Postgoldforcash Price Match
- Cash4Gold Online Price Match
- Cash4Gold-Now Price Match
We would always recommend that you NEVER send your gold to a 'cash for gold' company if they don't tell you, up-front, what they pay (per gram) for gold.
Please don't be taken-in by the '110% guarantees' or promises of 'top prices'. These statements mean nothing and you will almost certainly receive a poor deal for your gold.
If you've already sent your gold to a postal gold company and you notice there are no prices quoted on their web site, request its return. Even after haggling (which many companies will do), the price will still undoubtedly be low. It's not uncommon for valuations to be doubled when the initial offer is refused. Don't be tempted to accept though!
Sovereigns, gold coins and bullion are worth more
If your valuation includes gold Sovereigns, bullion or other gold coins, you should note that these items should achieve a higher valuation over & above a standard scrap gold valuation. The only exception here is if a Sovereign or other gold coin has been drilled, polished or mounted in jewellery. A reputable dealer should offer a premium for these items because they'll often be able to resell them without the usual costs associated with scrap processing.
For simplicity, this calculator assumes all items are being treated as scrap.
My jewellery is in excellent condition - it's not 'scrap gold'
The term 'scrap gold' is used within the precious metals industry to describe pre-owned gold that's being sold to a dealer. Sellers sometimes find this term distracting, especially if their jewellery is pristine. In most situations, the age or condition of your gold is unlikely to influence the price you're offered. To a dealer, the value is in the intrinsic precious metal content alone.
Takeaways from this guide:
- NEVER send your gold to a dealer who doesn't display the prices they pay on their web site
- Separate your gold according to its purity
- Always accurately weigh your gold (in grams) on digital jewellery scales
- Use our valuation calculator to find out the real value of your gold
- If your dealer offers less than 90% of its real value, shop for a better deal.
