Our Gold and Silver Value Calculator estimates gold and silver value using weight, karat or purity, and current spot prices
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Gold & Silver Value Calculator
Estimate the melt value of physical gold or silver using live spot prices, weight and purity.
Live spot price is loaded automatically. You can also enter your own price manually.
Gold and Silver Value Calculator
Use the Gold and Silver Value Calculator to estimate the current melt value of gold or silver based on live spot prices, weight, and purity.
The calculator can be used for gold jewelry, scrap gold, sterling silver, coins, bars, and other precious-metal items. Select the metal, enter the weight, choose the purity, and calculate the approximate value of the pure gold or silver contained in the item.
Calculate Gold Value by Karat
Gold purity is commonly expressed in karats. The calculator supports the most common gold purities, including:
- 24K gold
- 22K gold
- 21K gold
- 18K gold
- 14K gold
- 10K gold
- 9K gold
This makes the tool useful as a 14K gold value calculator, 18K gold value calculator, gold jewelry calculator, and scrap gold calculator.
For example, 18K gold contains approximately 75% pure gold, while 14K gold contains approximately 58.5% pure gold. The calculator automatically adjusts the value according to the selected purity.
Silver Value Calculator
Silver purity is normally expressed as fineness. The calculator supports common silver standards including:
- 999 fine silver
- 958 Britannia silver
- 925 sterling silver
- 900 coin silver
- 835 silver
- 800 silver
You can therefore use it as a sterling silver value calculator, silver melt value calculator, or scrap silver calculator.
Sterling silver marked 925 contains approximately 92.5% pure silver, while 999 fine silver contains approximately 99.9%.
What Is Melt Value?
Melt value is the estimated value of the pure precious metal contained in an item.
It is calculated using:
weight × purity × current metal price
Melt value is different from the final price of a coin, bar, or piece of jewelry because it does not include dealer premiums, collectible value, craftsmanship, taxes, refining costs, commissions, or other transaction costs.
Physical gold and silver products can therefore trade above or below their calculated melt value.
For current precious-metals prices and broader market performance, see Live Gold & Silver Prices and Global Markets.
Gold and Silver Weight Units
Gold and silver are normally quoted internationally in troy ounces.
One troy ounce equals approximately 31.1035 grams.
The calculator allows you to work with different weight units while automatically converting them into the equivalent amount of precious metal.
If you simply want to see the current value of standard weights such as 1 gram, 10 grams, 1 troy ounce, 100 grams, or 1 kilogram, use the Gold & Silver Price by Weight.
Scrap Gold and Silver Value
Scrap precious metals may include broken jewelry, old chains, rings, silverware, damaged bullion products, and other items valued mainly for their metal content.
Their underlying value depends primarily on:
- weight
- purity
- current gold or silver spot price
A dealer or refiner may offer less than theoretical melt value because of refining costs, testing, operating expenses, and margins.
The calculator should therefore be used as a reference estimate rather than a guaranteed buying or selling price.
Physical Bullion vs Melt Value
Gold and silver bars and coins often trade above their raw metal value.
Premiums can reflect fabrication, minting, transportation, product availability, dealer margins, and physical-market demand.
The calculator estimates the underlying metal value only.
You can explore additional tools through the Gold & Silver Calculators or follow broader indicators through Gold & Silver Market Data.
Frequently Asked Questions
How do I calculate the value of gold?
Enter the weight of the item, select its karat or purity, and use the current gold spot price. The calculator estimates the amount and value of pure gold contained in the item.
How much is 14K gold worth?
14K gold contains approximately 58.5% pure gold. Its melt value depends on the item’s weight and the current gold spot price.
How much is 18K gold worth?
18K gold contains approximately 75% pure gold. Enter the weight and select 18K purity to estimate its current melt value.
How much is sterling silver worth?
Sterling silver normally contains approximately 92.5% pure silver. Select 925 sterling silver and enter the weight to estimate its underlying silver value.
Can I calculate scrap gold value?
Yes. The calculator can estimate scrap gold value based on weight, purity, and the current reference gold price.
Does the calculator include dealer premiums?
No. The result represents the approximate underlying metal value. Dealer premiums, collectible value, taxes, refining charges, commissions, and other transaction costs are not included.d..