Gold Scrap Calculator

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Gold Calculation Tips

Understanding Karat

Karat is a measure of gold purity:

  • 24K: 99.9% pure gold
  • 22K: 91.7% pure gold
  • 18K: 75.0% pure gold
  • 14K: 58.3% pure gold
  • 10K: 41.7% pure gold

The higher the karat, the more valuable your gold is per unit of weight.

Weight Conversion

Common weight conversions:

  • 1 Troy Ounce = 31.1035 grams
  • 1 Troy Ounce = 20 pennyweights
  • 1 Pennyweight = 1.555 grams

Our calculator automatically handles these conversions for you.

Understanding Refining Charges

When selling gold to refiners, several factors affect your final payout:

  • Refining Fee: A percentage deducted from the gold value to cover refining costs
  • Treatment Charge: A flat fee for processing your material
  • Accountability: The percentage of gold content the refiner guarantees to recover and pay you for

Our calculator helps you estimate your final payout after these charges are applied.