How Much Per Gram Or Ounce Do Gold Buyers Pay For Old Gold?

I know the price of gold is over $1100.00 per ounce right now, but I’m wondering what jewelers and pawn brokers pay for your unwanted old gold. Has anyone sold their old gold and know exactly what they were paid per ounce or gram?

3 Comments

• 
  Smartphone Software December 9, 2009 at 6:54 pm

  The quoted price of gold ($1,100 plus per ounce) is for pure gold (24 carats). Most reputed jewellers will pay you the current market price for the pure gold portion of the jewellery. However, since most jewellery in North America is made from lower quality gold (often 18 carats or less), you will get less than $1,100/ounce. As for pawn brokers, they may pay whatever they can get away with. I would advise you to talk to more than one jeweller before selling your jewellery.
• 
  Computer Guy December 9, 2009 at 10:56 pm

  You can check spot prices here:http://www.kitco.com/market/us_charts.ht…
  Prices change daily, but as I write this, spot price is $1150.90US per troy ounce, or $37.00US/gram.
  Of course, spot price is for 24K gold. Weigh each item, then multiply that weight by the “K” rating for that item, then divide that number by 24. The result is the approximate weight of the pure gold in that item.
  Multiplying that weight by the spot price gives you the spot value of that item. Spot prices are funny. Nobody will offer you more than spot value, but they may offer you much less. If you go to buy jewelry in a store, you will probably pay much higher than spot. Buyers will pay more for gold coins, gold bars and items of guaranteed purity than gold jewelry or dental gold.
  Grandpa
• 
  Ron L December 10, 2009 at 5:10 am

  Be very careful and do you research on all Gold buyers. Visit a few of them and a reputable jeweler.
  I know that in some instances if you sell at a gold party you will come out ahead.
  Quick search found:http://ygoldparties.com
  Looks like an information site