Scrap Gold Calculator 2026
Calculate your estimated scrap gold value using gold weight, karat purity, current 24K gold price and dealer payout.
Scrap Gold Calculator 2026: Calculate Your Gold Scrap Value
Our scrap gold calculator helps you estimate the value of unwanted gold jewelry, broken gold items, coins and other scrap gold. Enter your gold weight, karat purity, current 24K gold price and estimated dealer payout to calculate an approximate scrap gold value.
This online gold scrap calculator can be used for 10K, 14K, 18K, 22K and 24K gold. It is designed to give you a quick estimate before comparing offers from gold buyers or refiners.
How Does a Scrap Gold Calculator Work?
The value of scrap gold depends mainly on the amount of pure gold contained in the item. Gold jewelry is often mixed with other metals, so a 10K or 14K gold item does not contain the same amount of pure gold as a 24K gold item.
The calculator converts the weight into grams, estimates the pure gold content according to the karat, calculates the theoretical melt value and then applies the dealer payout percentage.
Gold Purity Chart
| Gold Karat | Approximate Purity | Gold Content |
|---|---|---|
| 10K Gold | 41.67% | 0.4167 |
| 14K Gold | 58.33% | 0.5833 |
| 18K Gold | 75.00% | 0.7500 |
| 22K Gold | 91.67% | 0.9167 |
| 24K Gold | 99.99% | 1.0000 |
How to Calculate Scrap Gold Value
To calculate scrap gold value, first determine the amount of pure gold contained in the item. Then multiply the pure gold weight by the current 24K gold price per gram.
Melt Value = Pure Gold Weight × Current 24K Gold Price Per Gram
Estimated Scrap Gold Value = Melt Value × Dealer Payout Percentage
How to Calculate 14K Gold Scrap Value
If you want to calculate the value of 14K gold scrap, use 58.33% as the approximate pure gold content.
For example, 10 grams of 14K gold contains approximately 5.833 grams of pure gold before considering refining losses or other materials.
How to Calculate 10K Gold Scrap Value
10K gold contains approximately 41.67% pure gold. To estimate the pure gold content, multiply the total weight by 0.4167.
How to Calculate 18K Gold Scrap Value
18K gold contains approximately 75% pure gold. Therefore, multiply the weight of the 18K gold item by 0.7500.
Scrap Gold Price vs Gold Market Price
The scrap value of gold is not necessarily the same as the quoted market price of gold. Gold buyers and refiners may deduct costs associated with testing, processing, refining and other business expenses.
The original retail price of jewelry can also be much higher than its scrap value because retail prices may include labor, design, gemstones, branding, taxes and other costs.
What Affects Scrap Gold Value?
- Current 24K gold price
- Gold karat and purity
- Total gold weight
- Dealer payout percentage
- Refining and testing costs
- Market conditions
- Fees and commissions
- Non-gold materials and gemstones
What Is a Dealer Payout Percentage?
A dealer payout percentage represents the percentage of the estimated melt value that a buyer is willing to pay. Different gold buyers may use different pricing models, so there is no universal payout rate.
You can enter the percentage offered by your buyer into this scrap gold price calculator to estimate the amount you may receive.
Scrap Gold Calculator Formula
Pure Gold Weight = Gold Weight × Purity
Melt Value = Pure Gold Weight × 24K Price Per Gram
Scrap Gold Value = Melt Value × Dealer Payout Percentage
Frequently Asked Questions About Scrap Gold
What is a scrap gold calculator?
A scrap gold calculator estimates the value of gold based on weight, karat purity, current gold price and an estimated dealer payout percentage.
How do I calculate scrap gold value?
Multiply the gold weight by its purity to estimate the pure gold weight. Then multiply the pure gold weight by the current 24K gold price per gram and apply the expected dealer payout.
How do I calculate the value of 14K gold scrap?
Multiply the weight of 14K gold by approximately 0.5833 to estimate its pure gold content. Then multiply that amount by the current 24K gold price per gram.
How do I calculate the value of 10K gold scrap?
Multiply the weight of 10K gold by approximately 0.4167 to estimate its pure gold content before applying the current gold price.
How do I calculate 14K gold scrap value?
To calculate 14K gold scrap value, multiply the item's weight by 0.5833 and then multiply the resulting pure gold weight by the current 24K gold price per gram.
How do I calculate gold scrap price?
Convert the current 24K gold price to a price per gram, multiply it by the estimated pure gold weight and apply the dealer payout percentage.
Is scrap gold worth the same as the market price?
No. The market price is a reference for the underlying gold value. Actual scrap gold offers may be lower because of refining costs, fees, testing and dealer margins.
Can I use this as an online gold scrap calculator?
Yes. You can use this online calculator to estimate the value of 10K, 14K, 18K, 22K and 24K gold based on weight and current gold price information that you enter.
Does gold jewelry weight equal pure gold weight?
Not necessarily. Jewelry may contain other metals, gemstones, clasps and other materials. The karat rating is used to estimate the gold portion of the total weight.
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