Sep 4, 2018 0 Comments

Gold Jewellery Resale Value Calculator is a tool to calculate approximate resale value of old gold jewellery

- Value of Gold:
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Background Information

There is a simple formula to calculate the resale value of old gold jewellery. You need to know three things for that:-

Weight of Gold, Purity of Gold and Rate of Gold. Take your gold to a gold testing or assaying lab & have it tested for purity. They will give you a test report with the accurate weight of the sample & its purity in percentage or karats.

There are two ways that you can calculate the value of gold with:-

**Using the karat purity**- Value of Gold = (Weight of Gold X Purity of Gold X Rate of Gold) / 24

**Using the percentage purity**- Value of Gold = (Weight of Gold X Purity of Gold X Rate of Gold) / 100

Let's say the gold weighed at 20 grams with a purity of 18 Karats (75%) & the rate of gold is ₹ 3,000 per gram.

Using karat purity the value of gold is:-

- = 20 X 18 X 3000 / 24
- = ₹ 45,000

Using percentage purity the value of gold is:-

- = 20 X 75 X 3000 / 100
- = ₹ 45,000

- Jun 15, 2018
- Tool Launched

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