How scrap value is calculated
Karat sets the gold share. Weight × purity gives pure gold, then × the live 24K gram price. That is the metal value, the ceiling a buyer starts from.
Scrap gold calculator
Work out the pure gold value of any ring, chain or coin at today's price by weight and karat, and the expected offer range before you visit a buyer.
What shops actually pay
Scrap buyers and refiners usually pay 85% to 95% of metal value to cover testing, melting, refining and margin. Making charges paid at purchase do not count.
VAT when selling
No VAT is collected from an individual selling used gold to a shop. VAT paid at the original purchase is a sunk cost.
Frequently asked questions
What is a used 21K gram worth today?
Metal value is the 24K gram price × 0.875. Shops usually offer 85% to 95% of that.
What do 875, 750 and 916 mean?
Purity in parts per thousand: 875 is 21K, 750 is 18K, 916 is 22K, 999 is 24K, 585 is 14K.