The gold prices in the current time are all time high (well above $1,100 an ounce) and so as the scrap gold prices, thus now is the right time to sell your old, broken and other scrap jewelry to earn extra cash. If you are interested in turning your unwanted and outdated gold jewelry into cash, just find the genuine online gold store where you can get cash for gold instantly.
But, when you are going to sell scrap gold, consider the two factors. These two factors are the weight of your gold and your gold’s purity. Determining the weight of your gold and its purity will let you to get an idea of what it is worth. First thing, you need to do is to know its carat value ad then divide the scrap gold into categories according to 10K (karat), 14K, 24K, etc. Now is the time to weigh your gold. You can use a digital or metal hand scale to calculate the weight of your gold in grams.
Once determine the weight, now multiply as follows to calculate the value of your scrap gold sorted by karats:
1. For 10 karat (10K) gold, multiply the day's price of gold per gram by .4167 and then multiply it with weight of your scrap gold
2. For 14 karat (14K) gold, multiply the gold price per gram by .5833.
3. For 18 karat (18K) gold, multiply the current price of gold per gram by .75
4. For 24 karat (24K) gold, simply use the price of gold per gram.
Finally, multiply the price per gram by how much your gold scrap weights in grams. If you find difficulty to calculate the value of scrap gold you can also try the online scrap gold calculator.
After getting the scrap gold value, you can shop around online to see who will give you the best price for your scrap gold. To know more, just visit joelsgoldstore.com where you will always get the best price with unparalleled customer service.
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