Step 1: Identify the Purity of Your Gold
Common UK purities:
- 24ct – 99.9%
- 22ct – 91.6%
- 18ct – 75%
- 14ct – 58.5%
- 9ct – 37.5%
Step 2: Weight Your Gold Accurately
Use a digital jewellery scale in grams, accurate to at least 1 decimal place.
Step 3: Check the Current Gold Price
Use live gold charts online for real-time pricing.
Step 4: Calculate the Value
Formula: Gold Value (£) = Weight (g) x Purity (%) x Price per Gram (£)
Additional Tips
- Avoid plated items
- Consider condition and brand value
- Get multiple quotes before selling
Conclusion
Identifying purity, weighing accurately, and checking market prices lets you confidently estimate gold’s value at home.
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