Gold Melt Calculator

Estimate the scrap or melt value of gold from the item weight, purity, and spot price.

The calculator converts common weight units into troy ounces before applying the purity and spot price.

Melt Value

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Run the calculation to see the melt value.

Quick Answer

Multiply the total weight converted to troy ounces by the purity factor, then multiply by the spot price per troy ounce.

How to Calculate Gold Melt

  1. Enter the weight and choose the correct unit.
  2. Enter the purity percentage.
  3. Enter the current spot price per troy ounce.
  4. Read the melt value and pure gold weight.

Formula

Pure troy oz = total weight in troy oz x purity / 100

Melt value = pure troy oz x spot price per troy oz

Worked Examples

Example 1: 10 g of 91.6% gold at 2300 per troy ounce has a melt value around 678 dollars.

Example 2: Higher purity increases the melt value because more of the weight is gold.

Example 3: A heavier ring or bracelet is worth more when the purity stays the same.

How to Interpret Your Results

ResultMeaningAction
Low melt valueThe item contains less gold or has lower purityCheck whether scrap, repair, or resale is better
Moderate melt valueThe item has a useful amount of gold contentCompare the offer against the melt estimate
High melt valueThe item is heavy or highly pureConsider live market pricing before selling

Frequently Asked Questions

Gold is traded in troy ounces, so that is the standard market unit for pricing.

Not always. Dealers often pay below spot to cover refining and business costs.

Purity is the percentage of the item that is actually gold.

Related Calculators

Detail About Gold Melt Calculator

This page estimates melt value from physical weight and market pricing so you can quickly compare an offer with the scrap value.

References