Gold Prices Per Gram : How Much Money is My Precious Metal Jewelry Worth?

Checking out the value of scrap gold is simple anyway. In fact, it's very simple. One of the primary and most significant things that you need to know about finding out how to value scrap gold, is the fact that the buying price of gold that you simply discover on the cable financial channels is only a instruction. You're not really getting paid that much for an grams of rare metal. But do not be concerned. I'm going to guide you from the exact direction so that you get the most money for your precious metal.

How to Value Scrap Gold Precious jewelry

First of all, you should not confuse yourself with all the complications in working with gold prices per gram. Don't bother with troy ounces; they're just too complicated. The very best and least difficult methods to cope with valuing rare metal is to use gold prices per gram. Most people today have difficulties in working with and considering in grams, but it's simply the easiest method to go. Most modern kitchen scales will definitely present measurements in grms, so you have nothing to bother about.

The Spot Price of Rare metal

The spot worth of precious metal is similar price as you discover on the financial channels. But the simplest way to acquire the spot price of precious metal in grms is just to Google it. You will see it easily and this will give you a place to begin for pricing up your scrap jewelry.

Looking for the Purity of Your Rare metal

The next step that you need to do to find out the value of your scrap gold jewelry is to figure out the purity of your precious metal. Gold will have a quality or karat stamp on it somewhere. For example 18K gold is 75% pure. If the spot value of precious metal was $30 dollars a gram and you had one gram of 18K rare metal, then it would be worth $22.50 on the open market place. That's.75 X 30 = 22.50.

Will you expect you'll get whole selling price for the scrap gold when you sell it?

The quick answer is Absolutely no. Once you offer for sale your scrap gold jewelry, the natural amount that it has is its melt value. In my understanding, the melt value of scrap gold is typically between 50% and 70% of market price. The secret to having the most money for your scrap jewelry, if you choose to promote it, is to locate a gold buyer that provides a high percentage of the spot price.

Where's the right place to sell your scrap gold jewelry? The trick to getting the highest percentage of spot price for the rare metal is to use an internet gold shopper that is a refinery. Refineries offer the a lot of money for scrap gold mainly because they offer high quantities and remove the middle men during this process. Selling Gold Jewelry Tips offers tips and advice for selling gold and scrap jewelry. Visit our website http://www.gold-prices-per-gram.com Check and see on your own who provides the large amount of cash to your scrap gold.