Industry-best payouts are lightning fast and guaranteed to beat any competitor online or in-store.
100% Transparent
Our experts present you with a free and detailed no-obligation offer before you accept.
Quick & Easy
It’s never been easier to get paid for your items. Getting started takes less than two minutes!
Satisfaction Guaranteed
Work with a dedicated Alloy Advisor assigned to your order to get human support from beginning to end.
Frequently Asked Questions
Gold melt value describes the value of the purest form of gold in an item. Karat, weight, and spot price of gold determine the value of an item. It does not take into account craftsmanship, marketability, or quality.
To find out how much gold is worth today, look up the spot price. The spot price refers to the value of one ounce of 24-karat gold (pure gold).
The melt value of your gold depends on several factors: weight, purity (in karats), and the current spot price of gold. These three factors work together to determine how much your gold is worth. The formula for calculating gold value is:
Weight x Purity x Spot Price = Value
The purity is the percentage of gold in your item. Different karats indicate various amounts of gold in an item. This table outlines those percentages and their corresponding karat.
Karat
Gold Content
Purity
10k
10/24 parts gold
41.7% pure gold
12k
12/24 parts gold
50.0% pure gold
14k
14/24 parts gold
58.3% pure gold
18k
18/24 parts gold
75.0% pure gold
22k
22/24 parts gold
91.6% pure gold
24k
24/24 parts gold
99.9% pure gold
Calculate both the weight and spot price using the same unit of measurement. We suggest grams.
Here is a formula example for a 4-gram, 14k gold ring on a day when the spot price is $107:
Weight = total weight of a ring in grams Purity = gold content as a decimal (14K = 58.3% = 0.583) Spot Price = current market value of 24K gold per gram ($107)
4g × 0.583 × $107/g 2.332g × $107 $249.52
In this instance, your 14k gold ring would be worth $249.52. Please note that when selling your gold, you will likely not receive an offer at full market value for your item. The Alloy Market guarantees the highest payout. Request a kit today to get started.
Yes, the price in the gold melt value calculator is updated every 60 seconds.
We have a simple three-step process:
Request a free insured appraisal kit.
Ship your items in to get a free, no-obligation offer.
Accept your offer and get paid!
For more details about our process, visit our ‘How It Works’ page. If you have any further questions, please feel free to contact us at [email protected] or text or call us at 888-672-1471 to speak directly with a team member and address any concerns you may have. You can also click here to request your free appraisal kit and experience our reliable services.
Request a Free Alloy Kit for Your Gold Today!
Trusted by thousands. Highly rated for integrity and service.
