How To Calculate The Value of Old Gold Jewellery?


There is a very simple & affordable formula to calculate the Value of Old Gold Jewelry

  • Take it to a Gold testing or assaying lab & have it tested for purity.
  • The lab will give you a test report which will state the accurate weight of the sample & its purity in percentage or karats.
  • If you are using the karat purity

    Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 24

  • If you are using percentage purity

    Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 100

  • Example, let's say the sample weighed 10 grams with a purity of 18 Karats (75%) & rate of gold today is ₹ 3,000 per gram

    Value of Gold Today (using karat purity) =  10 x 18 x 3000 / 24 = ₹ 22,500 only
    Value of Gold Today (using percentage purity) =  10 x 75 x 3000 / 100 = ₹ 22,500 only