How It Works
Scrap value is weight in grams times the live price per gram times the karat fraction, reduced by the buyer discount percent you enter. The discount reflects what a buyer keeps as margin.
How to Use
Enter the weight, unit and karat of the old gold, and the buyer discount percent if you know it, then press Calculate.
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Frequently Asked Questions
What is scrap gold value?
It is what old or broken gold is worth as metal, based on weight, purity and the current gold price.
Why do buyers pay less than the spot price?
Buyers deduct refining and margin costs. Enter the discount percent the buyer quotes to see the expected payment.
Does the scrap gold calculator use the live gold price?
Yes. It uses the live spot gold price from the ToolZana feed.
Do I need to know the exact karat?
Yes, the value depends on purity. If you are unsure, have the piece tested before selling.
Are making charges included?
No. Scrap gold is valued for its metal only, so making charges from the original purchase are not counted.