Gold Calculator

Gold purity is measured in karats (K or kt). Pure gold is 24 karats (99.9% gold). Common purities include 22K (91.6% gold), 18K (75% gold), 14K (58.3% gold), and 10K (41.7% gold). The remaining percentage consists of other metals like copper, silver, or zinc that add durability.Our gold calculator supports all standard and custom purities.

24K gold is pure gold (99.9% purity) and is softer, making it less suitable for jewelry that’s worn daily. 22K gold contains 91.6% gold and 8.4% other metals, making it more durable while maintaining high gold content. 22K is popular for jewelry in many Asian countries, while 24K is preferred for investment bars and coins.

To calculate gold value: 1) Weigh your gold in grams, 2) Determine the purity (karat), 3) Convert purity to decimal (e.g., 22K = 22/24 = 0.916), 4) Multiply weight × purity × current gold price per gram. For example: 10g of 22K gold at $60/gram = 10 × 0.916 × 60 = $549.60.

The difference between buying and selling prices is called the “spread” or “margin.” Jewelers and dealers need this margin to cover business costs, refining fees, testing, and profit. Typically, you’ll receive 90-98% of the spot price when selling, depending on purity verification and market conditions. Our gold scrap calculator factors this in automatically.

Gold prices are influenced by: 1) Global economic conditions and inflation, 2) US Dollar strength (inverse relationship), 3) Central bank policies and interest rates, 4) Geopolitical tensions and uncertainty, 5) Supply and demand from jewelry and industrial use, 6) Investment demand from ETFs and institutions. Use our gold price calculator regularly to stay updated.

The best form depends on your goals: 1) Gold coins and bars – best for physical ownership with low premiums, 2) Gold ETFs – easy to trade, no storage concerns, 3) Gold jewelry – combines aesthetics with investment (higher premiums), 4) Digital gold – convenient for small investments, 5) Gold mining stocks – leveraged exposure to gold prices.

Gold is commonly weighed in: 1) Troy ounces (31.1 grams) – international standard for bullion, 2) Grams – common in retail jewelry, 3) Tola (11.66 grams) – used in India and Middle East, 4) Pennyweight (1.555 grams) – used in North America jewelry trade. Always clarify which unit is being used when buying or selling.

Dollar-cost averaging is often recommended – buying fixed amounts regularly regardless of price. This reduces timing risk. However, if you’re making a large purchase, buying during market dips can provide better value. Consider gold as a long-term hedge against inflation rather than a short-term trade.

Methods to verify gold authenticity: 1) Look for hallmark stamps (K, KT, or numeric like 750), 2) Magnet test – real gold is not magnetic, 3) Acid test – professionals use nitric acid, 4) Density test – gold has specific gravity of 19.3, 5) Professional XRF testing – most accurate method, 6) Scratch test on ceramic plate – gold leaves a gold streak.

Making charge (also called labor or fabrication charge) is the cost of converting raw gold into jewelry. It covers craftsmanship, design, and manufacturing. Making charges vary from 8-35% of gold value depending on design complexity. Handcrafted and intricate designs have higher charges. This charge is typically not recovered when selling.

Both have advantages: Online purchases often have lower premiums, transparent pricing, and convenience, but you can’t inspect before buying. Local jewelers offer physical inspection, immediate possession, and relationship benefits, but may have higher prices. For investment gold, reputable online dealers often offer better rates. For jewelry, local trusted jewelers are preferred.

Gold loans are calculated based on: 1) Gold weight and purity assessment, 2) Loan-to-Value (LTV) ratio – typically 75-90% of gold value, 3) Interest rate (usually 7-15% per annum), 4) Loan tenure. For example, 100g of 22K gold worth $6,000 at 75% LTV = $4,500 loan amount. Interest is charged on this principal.