With this formula you'll be able to figure out what your gold is worth before taking it to sell. You'll know exactly what kind of deal your getting. Don't be afraid to shop around and get the best price. This is how the pros figure it's worth.
- Weigh it with a gram scale.
- Get today's price of gold from one of the many websites that offer it free.
- Divide that price by 31.1 to get the gram weight. (gold price is listed in troy ounces, 31.1 grams)
- Divide the karat by 24.
- Multiply the result of step 4 by the result of step 3 by the result of step 1.
- Now you know how much your piece of gold is worth if it was melted down.
KNOWLEDGE IS POWER!
