The Gold Alloy Value calculator computes the gold bullion value of Gold Alloy based on the purity (karat) and weight.
INSTRUCTIONS: Choose units and enter the following:
(w) Weight of Gold Alloy
(k) Alloy Karat Rating
Gold Alloy Value (GAV): The value of Gold Alloy is returned in United States dollars (USD). However, this can be automatically converted to other currencies via the pull-down menu.
The Math / Science
The value is based on a SPOT price for gold within the last two minutes. The value of U.S. dollars can be automatically converted in numerous other currencies (e.g. Euro) via the pull-down menu. The current gold spot price is $99.175 / gram. For the Alloy Value of gold, platinum, palladium or silver with a percent purity instead of karat value,CLICK HERE.
The weight can be in Troy ounces(oz), pennyweight (dwt) or grams (g). vCalc converts the weight into Troy Ounces and then fetches the current spot price for an ounce of gold. It then multiplies the weight of the pure gold content against the spot price. It then subtracts the scrap and jeweler's fees.
Useful Facts
Refiners charge between 5% and 10% based on the volume and business arrangements they have with the retail gold buyer. However, scrap with a significant amount of other content (stones) will merit a significantly larger markup.
SPOT currently comes from /www.xmlcharts.com with updates every two minutes.
The Gold Calculator has functions and data useful for jewelers, pawn brokers and other buyers and sellers of gold.
Functions
Gold Alloy Value: Computes the value of Gold Alloy based on the purity (karat) and weight.
Gold Buy Price: Computes the Jeweler's Buy Price for gold based on the current value of gold, the karat purity, a scrap processing fee, and the jeweler's profit margin.
How Much Gold I Can Buy: Computes the weight of gold one can buy based on the amount of money one has, the current price of gold and a reasonable retailer markup.
Krugerrand Coin Value: Estimates the value of a number of South African gold Krugerrand coins based on the number of coins, the coin size (1, 0.5, 0.25 and 0.1 troy ounces), the Krugerrand's weight and purity, the current spot price of gold and a coinage factor (percent).
Gold Eagle Coin Value: Estimates the value of a number of American Gold Eagle coins based on the coin's size (1, 0.5, 0.25 and 0.1 troy ounces), the Eagle's weight and purity, the current spot price of gold and a coinage factor (percent).
Gold Maple Leaf Coin Value: Estimates the value of a number of Canadian Gold Maple Leaf coins based on the coin's size (1, 0.5, 0.25, 0.1, 0.005 troy ounces), the Maple Leaf's weight and purity, the current spot price of gold and a coinage factor (percent).
Gold Talent Value: Estimates the value of any number of biblical talents of gold in todays money.