Gold Prices Per Gram : Exactly How Much is My Precious Metal Jewelry Worth?
Article by Rohan McWhite
Figuring out the value of scrap gold isn’t hard at all. In fact, it is extremely easy. One of the first and most important things that you must figure out about finding out how to value scrap gold, may be the fact the money necessary for gold that you simply discover on the cable financial stations is only a guideline. You are simply not getting compensated that much for any grams of precious metal. But don’t worry. I will guide you from the proper way this means you make the most income for your gold.
Tips on how to Value Scrap Gold Precious jewelry
To begin with, you should not confuse yourself with all the complications in dealing with gold prices per gram. Don’t worry with troy ounces; they are just too difficult. The very best and least difficult methods to handle pricing up precious metal is using gold prices per gram. Most clients have problems in working with and thinking in grams, but it is only the easiest way to try. Most modern kitchen scales will display measurements in grms, so you’ve nothing to worry about.
The Point Price of Gold
The spot price of rare metal is the same price as you watch on the financial stations. Though the most convenient way to determine the spot value of precious metal in grms is simply to Google it. You will find it fast and this will offer you a place to start for valuing your own scrap jewelry.
Looking for the Purity of Your Gold
The next step you need to do to figure out the value of your scrap gold jewelry is to find out the purity of your gold. Precious metal will have a quality or karat stamp on it somewhere. For example 18K gold is 75% pure. If the spot value of gold was $ 30 dollars a gram and you had one gram of 18K precious metal, then it would be worth $ 22.50 on the open market. That’s.75 X 30 = 22.50.
Will you expect to get whole market price for the scrap gold when you market it?
The quick answer is No. When you sell your scrap gold jewelry, the inherent price that it has is its dissolve value. In my experience, the melt value of scrap gold is normally between 50% and 70% of market price. The key for you to get the most money for your scrap jewelry, if you decide to sell it, is to locate a gold shopper that provides a high percentage of the spot price.
Where is the best place to promote your scrap gold jewelry? The trick to getting the best amount of spot price for the gold is to use an online gold buyer that is a refinery. Refineries provide the most cash for scrap gold simply because they offer high amounts and cut out the middle men in the process. Selling Gold Jewelry Hints offers tips and advice for selling gold and scrap jewelry. Visit our website http://www.gold-prices-per-gram.com Review and see for yourself who exactly gives the most cash to your scrap gold.