Worked example
A 31.1035g item at 91.67% purity with a GBP 1,800 spot price has an estimated metal value of GBP 1,650.06 before any dealer spread, costs, or checks.
Gold calculator
Gold melt value calculator
Estimate the metal value of a gold item from weight, purity, and a spot price.
Estimated result
Educational estimate only. This is not financial, investment, tax, legal, or personal advice.
How the calculation works
- Convert grams to troy ounces by dividing by 31.1035.
- Multiply by purity as a decimal to estimate fine gold content.
- Multiply fine troy ounces by the spot price.