Scrap gold prices fluctuate constantly these days and it can be difficult to keep abreast of them. However, when thinking about selling some of your gold, it is prudent to have some idea of what it is worth so you can work out roughly how much you should be offered by a scrap gold dealer. So, how to calculate them? There are a number of calculators available online but you may prefer to work it out the traditional way. Sit down with paper and pen and find out how you can determine what the best gold prices per gram are.

First of all decide which gold pieces you wish to sell. Then split them into separate areas of your table according to their carat rating. Then, using a jewellers’ gram scale which can be purchased online, weigh your gold. If you do not want to go to the expense of buying a gram scale, you can use ounces and then convert them to grams. This will give you the weight of your gold in grams which is what the gold buyers use to determine what gold is worth. The current scrap gold price can be found online, or in most newspapers.

The current gold price should be divided by 31.1 to calculate the total per gram price. This simple computation can be worked out on paper, using a calculator or in your head! Do not panic if this figure is not as much as you thought – you probably have far more than one gram of gold to offer for sale.

For each of your gold piles, you then divide the carat of the gold pieces by 24. For instance, 18 carat gold is written as 18/24. Do this for all of your categories of gold. Then multiply that figure by the current gold price (per gram). Finally, you should multiply that number by the weight of every carat category (grams). The values you end up with in each grouping are the approximation of how much you will be offered, derived from the current scrap gold price. Now you can sit down, relax and plan what to do with your money.