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Gold jewelry, whether old or new, are treated in much the same manner when making an appraisal. The only time that the workmanship makes a difference is the jewelry was created by a well-known manufacturer such as Fabrege Cheap Jordan Reed Jersey , the world famous manufacturer of the Fabrege eggs.

And because gold is considered as an investment to use as a hedge during hard times, there may come a time when you will consider selling your scrap gold jewelry. When that time comes it would be to your best interest to know how to compute for scrap gold prices per ounce. Even when dealing with gold buyers, it is best to know how they arrive at an offer for your gold by knowing how to calculate for scrap gold prices per ounce.

The essential information when appraising the value of scrap gold prices per ounce are karat, weight and the prevailing price of gold. Karat, as opposed to carat which is the unit of measure for diamonds Cheap Josh Norman Jersey , is the purity of the gold content of your jewelry. The weight of gold is calculated in troy ounces. The price of gold is set by the London bullion market where gold trading occurs.

Pure gold is very soft and pliable and may not keep its form when made into bracelets, necklaces or rings because it can be easily deformed. Alloys are then added to gold to make it more durable as jewelry. Pure gold is equivalent to 24 karats and the less the karat value of the gold, the less gold content the jewelry has. Rings, bracelets and necklaces are commonly made of 10 to 14 karats of gold. Determining the pureness of the gold can be done by checking the code stamped at the underside of the jewelry such as ?75?. This would indicate that this piece of jewelry is made up of 37.5% gold content or 9K, derived from multiplying .375 by 24k. If there is no code then you can go to a reputed gold dealer for testing.

In order to compute for scrap gold prices per ounce you must also verify the prevailing price of gold by checking with the London bullion market. The price quoted by the London bullion market uses the British unit of measure Cheap Trent Williams Jersey , a troy ounce which is equivalent to 31.1 grams of gold. Some dealers make use of pennyweight which is equivalent to 20 troy ounces. And so, the next thing to do is compute for the price of gold per gram based on the current price of gold. In order to arrive at this, you have to divide the current price of gold by 31.1. The next thing to do is to divide the karat value of your gold by 24k. Because the factors will differ depending on the purity of your gold, it is recommended that you separate your scrap gold into piles depending on the karat value to be weighed separately. The product of the process of division will give you .4167 for 10K, .5833 for 14k Cheap Adrian Peterson Jersey , .750 for 18k and so forth. Once the weight of your gold is determined and the price of gold per gram, simply multiply the two factors to get the value of your gold in grams.

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