Sell Gold Ring Price

The price that you see quoted is the price for pure gold.

Sell gold ring price. It is often mixed with other metals such as copper and silver. Yes it s possible to sell gold jewelry. If you have a 14k gold piece it s 58 5 pure so at most you would get 58 5 of the price for gold on that day. The price that a gold buyer will give you for your jewelry is based on the price of gold for that day.

What is the right amount to receive for your gold. A gold buyer can buy your gold coins jewelry or bullion and then sell it to another buyer either wholesale or retail buyer for a higher price. Determining melt value to determine the melt value of your gold piece use the weight of your piece measured in grams the purity of your piece measured by percentage and the current. However keep in mind that that price is based on 24 karat gold which is 100 pure.

Many sources including the kiplinger article mentioned above suggest that you should aim to get 90 to 95 of the spot price when selling gold and silver bars or coins and 70 to 80 of melt value for jewelry and other items. If you re selling gold coins a reasonable settlement would be 90 of the market value. A gold buyer may buy your broken or old jewelry gold teeth or scrap gold and sell it to a smelter who melts down the gold extracting out the pure gold metal from the impurities and alloys. Not all gold jewelry is made of pure gold.

The live price chart gives you a breakdown per gram dwt pennyweight and troy ounce. If you re selling gold jewelry a reasonable settlement would be 70 to 80 of the market value.