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The Gold Calculator

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Calculate melt value of scrap gold

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What is The Gold Calculator?

The Gold Calculator is a free online tool that gives you the real-time melt value of your gold items—whether jewelry, scrap, bars, or coins—based on the live market spot price. Simply select your item's karat purity, enter its weight, and get an honest, transparent estimate in seconds.

We support multiple weight units (grams, ounces, pennyweight) and all common gold purities from 10K to 24K. Our formula is straightforward: weight × purity × live gold price, with no hidden fees or markups.

After you get your number, we help you understand what it means and what to expect when selling. Read our guide on how gold buyers pay a percentage of melt value, and explore our educational articles on hallmarks, fineness, and more.

How to use The Gold Calculator

  1. 1

    Select your gold’s karat purity from the dropdown menu.

  2. 2

    Weigh your item on a digital scale and enter the weight.

  3. 3

    Choose the weight unit (grams, ounces, or pennyweight).

  4. 4

    Review the live melt value displayed instantly.

  5. 5

    Read our selling guide to understand what buyers may pay.

Key features

Select gold purity from 10K to 24K via dropdown.

Enter weight in grams, ounces, or pennyweight.

Instant live melt value calculation with transparent formula.

No hidden fees or markups – honest estimate.

Access educational guides on selling and gold purity.

Use cases

  • Estimate the value of scrap gold jewelry before selling.
  • Determine the melt value of gold coins, bars, or bullion.
  • Evaluate inherited or vintage gold items accurately.
  • Compare offers from gold buyers against the spot melt value.
  • Learn about gold purity and market pricing for informed decisions.

Best for

Gold sellersJewelry ownersScrap gold collectorsGold investorsPawnshops and dealersAnyone curious about gold value

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Frequently asked questions about The Gold Calculator

Common questions to help you decide if The Gold Calculator is right for you.

Yes, it is completely free with no hidden charges or fees. We provide transparent valuations as a public resource.

It uses real-time live gold spot prices and a transparent formula to give you the most accurate melt value based on the data you enter.

You need your item's weight (use a digital scale) and its karat purity. The calculator supports grams, ounces, and pennyweight.

Yes, it works for any gold item including coins, bars, jewelry, and scrap. Just enter the weight and purity as prompted.

It is the value of the pure gold content in your item. Actual selling price may be lower as gold buyers often pay a percentage of this melt value.

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