254gold.com Silver and Gold Value Calculator
To use this calculator you will need:
- Weight of your gold or silver item.
- Grade or purity of your item.
- Current market price in troy ounces of pure gold or silver.
Gold Conversion Example
Here is an example of how the calculator works on a gold conversion.
If you have 34.6 grams of 14 karat gold it first converts the grams into troy ounces.
34.6 grams x 0.0321507466 = 1.1124142 troy
Then it multiplies the troy ounces by the purity. For 14 karat gold it multiplies by 0.5824
1.1124142 x 0.5824 = 0.64787
Next it takes this number and multiples by the market price of gold. This price changes daily,
for this example we will use $1,016 per troy ounce.
0.64787 x 1016 = 658.24
A 6% refining fee is then applied. So, $618.74 is the dollar amount of the
market value of your gold.
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Our goal is to service jewelers, pawn brokers, and gold exchanges in the most efficient, transparent way
possible. Our priority is to provide them with the highest level of customer service, and consistent reliable results. This
means up-to-the minute market values, and easy-to-use calculators that allow you to lock in any amount of gold with NO minimums
(The ability to lock in any amount
large or small guarantees profit and protects margins against sudden market drops.)
Our market charts, which provide both pennyweights and grams weight values, are updated by the
minute, meaning you have the latest information that you need at your fingertips. Our wholesale scrap calculator allows you to calculate values instantly, set contracts, and can be used for buying tool as well as a selling
tool. We always have someone who can answer questions about items you would like to buy but are unsure what to pay, or the
full value of the item in question.
offer 100% same day payments in cash, check, bank wire, and certified check payments. Ask about our casting service, and diamond
At Studio K, we weigh your gold and silver
items in Pennyweights (DWT) 1 DWT = 1/20th of an OZ, however, the end price is the same regardless of the units of measurement