The Gold Buy Price calculator 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.
INSTRUCTIONS: Choose units and enter the following:
- (W) Weight of Gold Item
- (K) Karat Purity
- (S%) Refinement Fee (processing cost to jeweler)
- (F%) Jeweler's Fee (jeweler's profit)
Jewelers Gold Buy Price (BP): The buy price is returned in U.S. dollars. However, this can be automatically converted to compatible units via the pull-down menu.
The Math / Science
The Jewelers Gold Buy Price calculator computes the Jeweler's Buy Price for gold items based on the current value of gold (Gold Spot:$2623.7/t_oz), the metal's purity, a scrap processing fee, and the jeweler's profit margin.
- Gold alloy purity percentage
- Gold alloy weight
- a percentage fee for scrap metal processing/refining
- a percentage profit margin (fee).
The result is the price that can be given to the seller of the metal while paying the refiner and making the profit (fee) identified.
The weight can be in Troy ounces, pennyweight or grams. 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 and scrap discount percentage to give the gold's value. discount(scrap) = 1 - scrap
Note: scrap is a percentage. It can vary based on the purity and the metal. Gold is often refined for as little as 2%. However, lately silver may command a 30% scrap refining fee.
SPOT comes from /www.xmlcharts.com/cache/precious-metals.xml
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.
Gold Coin Calculator
| Gold SPOT PRICES | ||
| ($/gram) | ($/troy_oz) | |
| $84.354 | $2623.7 | |
| Updated every Two Minutes | ||
- US Gold Eagle Coin Value: Computes the value of U.S. Gold Eagle coins based on their size, the number of coins, SPOT and any numismatic factors.
- Value of 1oz US Gold Eagle Coins: Computes the current market value of 1oz US Gold Eagles
- Value of 1/2 oz US Gold Eagle Coins: Computes the current market value of 0.5 oz US Gold Eagles
- Value of 1/4 oz US Gold Eagle Coins: Computes the current market value of 0.25 oz US Gold Eagles
- Value of 1/10 oz US Gold Eagle Coins: Computes the current market value of 0.1 oz US Gold Eagles
- Gold Maple Leaf Coins Value: Computes the value of Canadian Maple Leaf coins based on their size, the number of coins, SPOT and numismatic factors.
- Krugerrand Coins Value: Computes the value of South African Krugerrand coins based on their size, the number of coins, SPOT and numismatic factors.
- 20 Swiss Gold Franc Value: Computes the value of 20 Swiss Fran coins based on the number of coins, SPOT and any numismatic factors
- Gold British Sovereign Coins Value: Computes the value of British Sovereign coins based on the number of coins, SPOT and numismatic factors.
- 20 Italian Gold Lira Coin Market Value
- 100 Austrian Corona
- Zimbabwe 1 oz Gold Coin Value: Computes the value of a Mosi-oa-Tunya coin based on the current spot price of gold and a mint adder.
- Gold Value: Computes the value of gold based on the weight, karat purity, a refiner's fee and a fee to the retailer (jeweler).
- Alloy Value: Computes the value of platinum, palladium, silver or gold based on the weight, percent purity, a refiner's fee and a fee to the retailer (jeweler).
- Gold SPOT: The value of a gram, penny weight or troy ounce of gold bullion (.9999) in U.S. dollars or other currencies.
- Density of Gold: Mean density of gold bullion (.9999).
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Precious Metals Calc
The Precious Metals Calculator has functions to compute the price a Jeweler can reasonably pay for items for their value in Gold, Platinum, Palladium and Silver.
| Bullion SPOT PRICES | |||
| Metal | ($/gram) | ($/troy_oz) | |
| Gold | $84.354 | $2623.7 | |
| Platinum | $30.061 | $935.0 | |
| Palladium | $29.836 | $928.0 | |
| Silver | $0.95 | $29.55 | |
| Updated every Two Minutes | |||
- Precious Metal Buy Price: Computes the Jeweler's Buy Price for several types of precious metals based on the current value of a precious metal, the metal's purity, a scrap processing fee, and the jeweler's profit margin.
- 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.
- Platinum Buy Price: Computes the Jeweler's Buy Price for platinum based on the current value of platinum, the percent purity, a scrap processing fee, and the jeweler's profit margin.
- Palladium Buy Price: Computes the Jeweler's Buy Price for palladium based on the current value of palladium, the percent purity, a scrap processing fee, and the jeweler's profit margin.
- Silver Buy Price: Computes the Jeweler's Buy Price for silver based on the current value of silver, the percent purity, a scrap processing fee, and the jeweler's profit margin.
- Junk Silver Value: Computes the current value for Junk Silver based on the dollar Face Value and the current Silver Spot Price in U.S. dollars.
- Clad Silver Value: Computes the current value for U.S. silver half dollars with dates between 1965 to 1970, based on the dollar Face Value, a Clad Silver factor and the current Silver Spot Price.
- Karat to Percentage: Convert a karat value (10, 14, 18, 22, 24) to a percent purity.