Kitco Scrap Gold Calculator
Welcome to the kitco scrap gold calculator — built with global standards (US, EU, Asia). Use the advanced inputs below to get an instant valuation. All fields follow USA and international purity rules. This tool updates live, and includes dealer fees, multi‑currency view, and a purity chart.
- Factors you control: weight (grams), karat purity, live gold price (USD/oz), dealer commission, and even item year.
- Results respect world health & trade standards — 24K = 999.9 fine, 22K = 916, 18K = 750, 14K = 585, 10K = 417.
- No hidden margins: base value, fee deduction, and comparison in EUR, GBP, JPY.
⚖️ Real‑time scrap gold calculator
📊 instant valuation (USD & world currencies)
Pure gold weight: 0.00 g
Alloy (other metals): 0.00 g
Base value (USD): $0.00
After fee payout (USD): $0.00
🇪🇺 EUR: €0.00
🇬🇧 GBP: £0.00
🇯🇵 JPY: ¥0
🌍 XAU (oz): 0.000
*exchange rates (indicative): 1 USD = 0.93 EUR / 0.79 GBP / 150 JPY. XAU based on pure gold oz.
📋 Factor interpretation (US & international)
- Weight – in grams; you can convert from oz (1 oz = 31.1035 g) or pennyweight.
- Karat – 24K = 100% gold; 18K = 75% gold; 14K = 58.5% ; 10K is minimum US legal karat.
- Gold price – uses USD per troy ounce (world standard). Price per gram = USD/oz ÷ 31.1035.
- Dealer fee – typical spread 1%–5% (US refiners 1–3%, EU 2–5%).
- Model year – just a tag; doesn’t affect value but helps inventory (e.g., 2024 watch).
📚 Gold purity & scrap tables (global standards)
Table 1: Karat purity & fineness (USA / world)
| Karat | Gold % | Fineness (ppt) | Typical origin / items |
|---|---|---|---|
| 24K | 99.9% | 999 | Bullion, investment (world) |
| 22K | 91.67% | 916 | Coins, jewelry (India, Middle East) |
| 18K | 75.0% | 750 | High‑end EU/US jewelry |
| 14K | 58.3% | 585 | Standard US jewelry |
| 10K | 41.7% | 417 | Entry‑level US; minimum karat |
Table 2: Weight units in scrap gold trade
| Unit | Symbol | Grams (g) | Troy ounces (oz t) |
|---|---|---|---|
| Gram | g | 1 | 0.03215 |
| Troy ounce | oz t | 31.1035 | 1 |
| Pennyweight | dwt | 1.55517 | 0.05 |
| Tola (India) | tola | 11.6638 | 0.375 |
Table 3: Typical dealer margins (scrap gold)
| Region | Low‑end fee | High‑end fee | Notes |
|---|---|---|---|
| USA | 1% | 4% | refiners/pawn shops |
| European Union | 2% | 5% | includes VAT rules |
| Middle East | 0.5% | 2% | often negotiable |
| Asia (India) | 1% | 3% | making charges extra |
Table 4: Estimated scrap value – 10g example (USD)
| Karat | Pure gold (g) | Before fee | After 2.5% fee |
|---|---|---|---|
| 24K | 10.00 | $659.30 | $642.82 |
| 22K | 9.17 | $604.45 | $589.34 |
| 18K | 7.50 | $494.48 | $482.12 |
| 14K | 5.83 | $384.56 | $374.95 |
Table 5: Price per gram (USD) at $2050/oz
| Karat | Price/g (pure) | Price/g (alloyed) |
|---|---|---|
| 24K | $65.93 | $65.93 |
| 22K | $65.93 | $60.45 |
| 18K | $65.93 | $49.45 |
| 14K | $65.93 | $38.46 |
*values are dynamic in calculator; table uses fixed spot $2050/oz, 1oz=31.1035g.
❓ Frequently asked questions — kitco scrap gold calculator
- Is this calculator accurate for all countries? Yes, we use troy ounce and gram globally, with karat standards recognized by US and world health/trade organizations.
- Why do you ask for model year? Optional field to track your item (vintage, year of manufacture). Does not affect math.
- What is the “dealer fee” based on? It reflects typical refining/processing fees (USA 1‑4%, Europe 2‑5%). You can adjust.
- Can I use this for dental gold or scrap jewelry? Absolutely. The calculator works for any gold item; just choose the right karat.
- How do I convert pennyweight to grams? Multiply dwt by 1.555. Our table 2 gives the factor.
Use the Gold Filled Scrap Calculator to estimate your scrap value, or explore the full Scrap Calculator category to access all metal and material scrap tools.