How scrap gold value is worked out
"Scrap" gold is simply gold sold for its metal content rather than as a wearable piece, and condition makes no difference to that value. The calculation is the same for every item: confirmed purity × weight × the live market rate, less the buyer’s margin. A snapped 9ct chain and an intact 9ct chain of the same weight are worth exactly the same.
| Metal | Fineness | Indicative per gram |
|---|---|---|
| 9ct gold | 375 | £38.07 |
| 14ct gold | 585 | £59.31 |
| 18ct gold | 750 | £76.14 |
| 22ct gold | 916 | £92.97 |
| 24ct gold | 999 | £102.51 |
Get a closer estimate
If you know the rough weight and carat of your scrap, the gold & silver calculator gives an indicative figure in seconds. For the full method see how we value gold, and to sell see sell scrap gold.
Why a firm figure needs an XRF assay
A rate-times-weight sum is only ever an estimate. Real items differ from their hallmarks, solder at clasp joints, old repairs and mixed alloys all change the true content. That is why a firm GoldPaid offer always follows an XRF assay of your specific items. Any buyer guaranteeing a price sight-unseen is guessing.
Common questions
How much is scrap gold worth per gram?
It depends on the carat, 9ct is 37.5% pure, 18ct is 75%, and so on. Indicative per-gram rates by carat are shown above. Your firm offer follows an XRF assay confirming the actual purity and weight.
Is broken or damaged gold worth less than wearable gold?
No. Scrap gold is valued on its metal content, so condition makes no difference. A broken chain and an intact chain of the same carat and weight are worth the same.