FREE LIVE TOOL
Calculate the metal value before premiums and spreads
Enter the item weight and karat to calculate its pure-gold content and melt value. The live market reference can be replaced with a dealer quote or historical price. Retail premium and dealer payout remain separate so the result does not confuse metal value with an executable offer.
Price reference
Shows the source and observation time of the metal price used here. Product premiums, dealer quotes and taxes are separate.
- Source
- No provider
- Observed
- Observation time unavailable
- Age
- Checking age…
- Delivery
- No data layer available
Checking the current market reference.
How the gold value is calculated
The calculator first converts the selected weight to grams. Karat is divided by 24 to obtain the purity fraction. Pure-gold weight is then multiplied by the spot price per gram.
Convert the weight1 troy ounce = 31.1034768 g · 1 pennyweight = 1.55517384 g · 1 tola = 11.6638038 g
Apply purity24K = 100% · 22K = 91.67% · 18K = 75% · 14K = 58.33%
Calculate melt valueWeight in grams × purity × spot price per gram
Keep retail adjustments separatePremiums and dealer payouts describe a transaction assumption, not the underlying gold content.
Understanding the result
Melt value
The theoretical value of the pure gold contained in the item at the selected market price. It does not include design, rarity, brand, fabrication or tax.
Estimated retail
Melt value plus the premium percentage you enter. Real premiums differ by product, size, payment method, stock and seller.
Estimated buyback
Melt value multiplied by the dealer payout percentage. Refining, testing and commercial margins may affect a real offer.
Frequently asked questions
Is melt value the price a dealer will pay?
No. Melt value is a metal-content reference. A buyer may deduct refining, assay and operating costs, while a collectible coin may trade above melt value.
Can I enter my own gold price?
Yes. The live spot field is editable so you can use a dealer quote, historical price or another documented reference.
Does 24K always mean exactly 100% pure?
Karat describes purity on a 24-part scale. Commercial products often use a fineness mark such as 999 or 999.9, so the product certificate or assay remains the more precise reference.
Why is an ordinary ounce not used?
Precious metals are normally quoted in troy ounces. One troy ounce is 31.1034768 grams, while an avoirdupois ounce used for many everyday goods is different.