Our Gold Calculator Lets You Know Today’s Price Of Gold
By: Kelly York

Gold Calculator
The prices you see there are today’s price per ounce that gold is selling for on the open market. Of course, when you sell your gold you will not receive that price. The gold buyer will purchase it for less than the amount stated, because he or she expects to make a little bit of a profit on selling your gold. That is normal. Usually, the buyer has a percentage they charge.
Gold Purity
Remember that not all things that sparkle are gold! Your gold jewelry is usually anywhere from 10k to 18k gold. That means, it is not pure gold. The price you see in today’s gold price is for pure gold. So, the gold buyer will test your gold to see what carat it is and pay you for only the amount of gold in it. Just because your ring weighs 20 grams, doesn’t mean it is 20 grams of gold. Only a portion of that ring is gold. Sometimes, your jewelry is only plated with gold and that type of jewelry has no gold value, because it is mostly brass or other metal.