Any form of Jewellery in gold and silver is precious. As the value of these metals, especially gold, is currently increasing at a rapid rate, your unwanted gold jewellery or scrap gold jewellery can be sold to a reputable gold dealer for a very good price. The amount that you will get for your jewellery is based on the amount of gold in it. The retail prices paid for the jewellery at the time of purchase includes the Vat and Labour which unfortunately does not warrant a higher price at the time of sale. The gold however holds its value for its weight. So if you have broken, unwanted jewellery, this is the right time to convert that jewellery into cash as the value of gold is at an all time high. If you are planning to sell your gold then there are certain things you need to know so that you can get the true value of your unwanted gold jewellery. How to determine the value of my gold jewellery? In order to determine just how much you can expect to be paid out of your gold you need to know the carat value of your gold( 9ct,14ct,18ct or 22ct).If you are not sure what is the carat value of your gold then you must take opinion of gold specialist or a reputed gold dealer. After understanding the carat value of gold in your jewellery find out the weight of your item/jewellery using a gram scale and then determine current gold price per gram in the market. So now when you have found out these things, we have to calculate the purity of gold in the jewellery. How to calculate the purity of gold in your jewellery: - divide the carat amount by 24. If you have 10ct gold, then you divide that by 24. So, 9 / 24 = 0.375 Now multiply gold price per gram by purity (in this case gold price x 0.375), this would be actual gold price per gram for that item according to its purity The final step would be to multiply this actual price with actual weight of jewellery in grams. Example:50gms of 9ct gold at a rate of 9 per gram would be: 9/24 = 0.375 0.375 * 9 = 3.375 per gram. 50grams * 3.375 = 168.75 So generally gold dealers use three things in order to determine the value of gold and these are carat, weight and price of gold. The current high gold prices mean it is a great time to sell your unwanted jewellery or gold (this may include any coins you may have) to a reputable and trustworthy gold buyer.
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