Gold offers aren’t guesswork, they follow a formula. Once you understand the components, you’ll know what a fair offer looks like and what questions to ask during an evaluation.
1) Spot price is the starting point
Spot is the market price per troy ounce of pure gold (24K). It moves throughout the day. Most buyers reference spot and then calculate value based on purity and weight.
2) Purity: 10K, 14K, 18K, 22K, 24K
Karat tells you how much pure gold is in the alloy. For example, 14K is 14/24 pure gold. Higher karat means more gold content per gram.
3) Weight: grams vs. troy ounces
Jewelry is usually weighed in grams. Spot is quoted in troy ounces. Converting correctly matters. A good buyer will explain the math clearly.
4) Stones, clasps, and mixed metals
Some items include stones or non-gold components. A professional evaluation accounts for that and weighs appropriately. Don’t remove stones yourself, just bring the pieces in.
5) Why offers differ between buyers
Buyers differ due to overhead, refining arrangements, and how they interpret the market. The important thing: you should receive a clear explanation of how the offer was produced.
What to do next
If you want a same-day answer, submit your details and we’ll schedule a private office visit. We’ll evaluate in front of you and pay instantly if you accept.