Gold value calculator

The calculator gives melt value — the full market value of the pure gold in your piece. A buyer has to test, refine, hold and resell that metal, so real offers land below melt, in fairly predictable bands. Shown against the calculator’s own defaults (10 g of 24K = $1,255.33 melt value at the snapshot, readable here even if the calculator does not load):

Typical ranges, not quotes: the exact offer depends on the item, the testing and the day’s market. An offer far below the band for its buyer type is worth a second opinion — with this calculator open in front of you.

What melt value counts — and what it leaves out

• Counted: only the pure gold content — weight × karat fraction × the spot price per gram.
• Not gold weight: gemstones, enamel, the steel springs and pins inside clasps, hollow cores, and heavy solder — a buyer weighs these out or deducts for them.
• Not solid gold: pieces stamped GP, GF or GEP are plated or gold-filled; the gold layer is worth a small fraction of the same weight in solid gold.
• Not priced at all: craftsmanship, brand and collectibility. Melt value ignores them — which is why a designer or antique piece can be worth more than melt and should never be sold for melt unchecked.

GoldCue does not buy or sell gold, and never will — the calculator is independent, so its number has no reason to lean in anyone’s favour. There is no account and no sign-up, and nothing you type is stored or sent anywhere: the calculator runs entirely in your browser.

The calculator runs the same three steps a jeweller’s scale-and-screen does. First, your weight is converted to grams — a tola is 11.6638038 grams and a troy ounce is 31.1034768 grams. Second, the karat becomes a purity fraction: 22K is 22/24 = 91.7% pure gold, 18K is 75%, 14K is 58.3%. Third, the pure gold content is priced at the spot price per gram — the spot price per troy ounce divided by 31.1034768.

Worked example, at the calculator’s defaults. 10 grams of 24K gold at the snapshot spot price of $3,904.51 (up +0.74% on the snapshot day, from a previous close of $3,875.65): the per-gram price is $3,904.51 ÷ 31.1034768 = $125.53, so 10 grams is worth $1,255.33 — Rs 347,374.67 at the snapshot dollar rate of Rs 276.72. The calculator shows the working as it goes: pure gold content (10.00 g), price per gram at your karat ($125.53) and price per tola ($1,464.19).

The spot price and dollar-rate boxes are yours to change. The defaults are a dated snapshot — Monday 2 November 2026 — not a live feed: type today’s spot price (any market page or news bulletin quotes it) and today’s interbank dollar rate, and every result, including the spot card at the top, updates to match. That is deliberate: a gold calculator whose price is three weeks old is worse than one that honestly shows its date and lets you refresh it.

What melt value is — and is not

Melt value counts only the metal. It ignores gemstones (which most buyers price at little or nothing), craftsmanship, brand and collectibility — a designer piece or an old coin can be worth more than melt, and a piece with heavy solder or stone weight can be worth less. It is also a gross figure: a buyer must test, refine and resell the metal, so real offers land below it, typically at 70–95% of melt depending on the buyer and the item. Our melt value guide explains the spread and how to check an offer against this calculator before you accept it.

Scrap gold and broken jewellery

The same maths values scrap: a broken chain, a single earring or a snapped bangle is worth its pure gold content, no more and no less. Weigh the pieces (a kitchen scale is close enough for an estimate), find the karat stamp — 916 means 22K, 750 means 18K, 585 means 14K — and run the numbers. If a piece has no stamp, a jeweller can test it; price it here at the karat the test shows, not the karat you hope for.