Do you want to sell gold jewelry but don’t know its value? Below is a guide on how to value the worth of your jewelry. This article will help you in determining the worth of gold jewellery.

Three types of information are needed to be able to calculate the value of the gold in your jewellery: the karat of your gold, the weight of your item, and the price per gram of gold.

The karat is simply the proportion of gold in your item equal to 1/24 of pure gold. So if you have a 10k piece, then there’s 10/24 proportion of gold in it. The weight of gold is usually measured in pennyweight (DWT) or grams (GR). An ounce of gold is equal to 20 pennyweights or 31.103 grams. The current price of gold can be found in the newspaper or you can google it up on the
net.

Simply multiply the karat by the weight and the price of gold, and voila, you have the value of your gold. Make sure that you use consistent units all throughout. For example, if you have a 10k piece that weighs 15 grams and gold is currently at $10/GR then you just multiply, (10/24)*(15)*($10). Simply convert this amount to the local currency.

Now, you have the gold value of your jewelry. Then you have to factor in whether it’s a noteworthy piece (if it’s a prominent brand), if it has antique or historical value, its physical condition (whether it looks old or new), its aesthetic value (pretty, craftsmanship), and if it has other precious metals/stones with it. These factors are usually in the eye of the jewelers since they know more about jewels. But once you know the gold value of your jewel, realistically 3 to 5 times the gold value is just about right. It can however be sold for less if it has no other value aside from the value of the gold in it.