Gold Resale Value Calculator

How To Calculate The Resale Value of Old Gold Jewellery?

How gold jewellery Resale Value calculator of Old Gold calculated by gold buyers –

 

Very simple formula to calculate the Resale Value calculator of Old Gold

  • Take it to a Gold testing or assaying lab & have it tested for purity.
  • The lab will give you a test report which will state the accurate weight of the sample & its purity in percentage or karats.
  • If you are using the karat purity

    Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 24

    gold purity chart

  • If you are using percentage purity

    Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 100

  • Example, let’s say the sample weighed 1 gram with a purity of 22 Karats (91.6%) & rate of gold today is ₹ 5,100 per gram

    Value of Gold Today (using percentage purity) =  1 x 91.6% x 5,100  = ₹ 4671.60 only

  • To get the latest Gold/Silver/Platinum price visit : Old gold  rate in Chennai

Leave a Comment

Your email address will not be published. Required fields are marked *