Gold Price Guide
Everything you need to know about gold prices, how they are determined, and what affects the value of your gold.
Understanding Gold Karats
Gold purity is measured in karats (K). Higher karat means more pure gold content.
What Determines Gold Prices
Spot Price
The current market price of gold per troy ounce, which fluctuates throughout the trading day based on global supply and demand.
Karat / Purity
Higher karat gold contains more pure gold by weight and is worth proportionally more than lower karat pieces.
Weight
Gold is weighed in troy ounces (31.1 grams) or pennyweights (1.555 grams). Heavier pieces are worth more.
Item Type
Branded jewelry, rare coins, and bullion may command premiums above melt value due to collector or resale demand.
Condition
While gold melt value doesn't depend on condition, designer pieces and collectibles can be worth significantly more in good condition.
Market Demand
Current demand from refiners, collectors, and dealers affects the premium you receive above or below spot price.
Tips for Getting the Best Price
Know the spot price. Check the current gold spot price before selling so you have a baseline for evaluating offers. The spot price changes throughout the day.
Understand your gold's karat. Look for hallmarks stamped on your jewelry (10K, 14K, 18K, etc.). Higher karat gold is worth more per gram.
Get multiple quotes. A reputable buyer will encourage you to shop around. We are confident our offers will be among the highest you receive.
Consider the full value. Some items are worth more than their melt value. Designer pieces, rare coins, and antique jewelry may command significant premiums.
Choose a licensed buyer. Always sell to a licensed, insured, and reputable buyer with transparent pricing and a physical location.
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