The Gold Resale Value Calculator estimates what your gold may be worth when you sell it. Enter the weight, the karat, and the current 24K gold price per gram, then allow for any deduction the buyer applies. The result shows the metal value, the deduction, and the estimated amount you may receive, so you can compare offers before you accept one.
How It Works
Only the pure gold in an item has resale value at the gold price. The calculator first works out the pure-gold weight by multiplying the item weight by the karat fraction: 24K is 24/24, 22K is 22/24, 21K is 21/24, 18K is 18/24, and 14K is 14/24. It then multiplies the pure-gold weight by the 24K price per gram you enter. That gives the metal value at the price you entered.
Buyers rarely pay the full metal value. A shop or refiner may deduct a percentage for refining, testing, and margin. If you enter a deduction, the calculator subtracts that percentage from the metal value and shows the estimated resale value. A deduction of 0% shows the full metal value, which is useful as a ceiling when you compare offers.
The calculator does arithmetic only. It does not fetch a live gold price, and it does not decide what any buyer will pay. Check the current 24K price per gram on the Live Gold Price page, enter it here, and treat the result as an estimate, not as an offer.
How to Use
- Weigh the item and enter the weight in grams. If you weighed it in another unit, convert it to grams first.
- Choose the karat. If the item is hallmarked, use the marked karat. If you are unsure, have it tested before you rely on the result.
- Enter the current 24K gold price per gram. The calculator works with any currency, as long as the price you enter and the result stay in that same currency.
- Enter the buyer deduction as a percentage, if you know it. Leave it at 0% if you want the full metal value, or try a few percentages to see how the offer changes.
- Press Calculate and read the metal value, the deduction, and the estimated resale value. Change any number and press Calculate again to compare offers.
Worked Example
Take a 10-gram bracelet in 22K gold, a 24K price of 130 per gram, and a buyer deduction of 5%. The pure-gold weight is 10 grams multiplied by 22/24, which is 9.17 grams. The metal value is 9.17 grams multiplied by 130, which is 1,191.67. The deduction is 5% of 1,191.67, which is 59.58. The estimated resale value is 1,191.67 minus 59.58, which is 1,132.08. These figures are an example worked with round numbers, not a live price or an offer.
Now try the same item with no deduction. The metal value stays at 1,191.67 and the estimated resale value is also 1,191.67. The gap between the two results, 59.58, is exactly what the 5% deduction costs on this item, and it shows why asking more than one buyer matters.
Resale Offers, Deductions, and Making Charges
Making charges, stones, and brand value are not part of the metal value. A buyer may pay separately for stones, or may not pay for them at all, and making charges are almost never refunded on resale. If an item has stones, ask the buyer how they are treated before you accept an offer, and keep any certificate or receipt for the item.
Offers vary because buyers use different prices, different deductions, and different testing. Get at least two written offers for the same item on the same day, and compare the amount you would receive after every deduction, not just the headline price per gram. A higher price per gram with a larger deduction can leave you with less money.
Keep the receipt for any sale, check the weight and karat on the receipt against what was agreed, and never hand over gold before the payment terms are clear. This page is general information, not financial advice, and it is not an offer to buy gold.
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Frequently Asked Questions
What is the gold resale value calculator?
It estimates what gold may fetch when sold. It works out the metal value from weight, karat, and the 24K price per gram, then subtracts any buyer deduction you enter.
Which gold price should I enter?
Enter the current 24K gold price per gram in the currency you want the result in. Check the Live Gold Price page for the latest price, and enter it yourself, because this calculator does not fetch a live price.
How does the karat change the result?
A lower karat means less pure gold per gram, so the metal value is lower. For example, 22K gold is 22/24 pure, so 10 grams of 22K gold holds 9.17 grams of pure gold.
What is the buyer deduction?
It is the percentage a buyer keeps for refining, testing, and margin. Enter the percentage the buyer quotes. If you do not know it, leave it at 0% to see the full metal value, then try a few percentages.
Does the result include making charges or VAT?
No. Making charges are not refunded on resale, and the calculator does not add or remove VAT. It shows the metal value only, less any deduction you enter.
Why do shops offer different resale prices?
Buyers use different gold prices, different deductions, and different testing, and they may treat stones differently. Compare the final amount you would receive after every deduction, on the same day, before you accept an offer.
Is this an offer to buy my gold?
No. This calculator gives an estimate only. It is general information, not financial advice, and no buyer is bound by its result.