Estimate Old Gold Value
Designed for used jewellery and old-gold resale calculations.
Old-gold buyers may use different testing, deduction and payout rules. This is an estimate, not a guaranteed offer.
How Old Gold Value Is Calculated
Old jewellery is often valued differently from new jewellery because the original workmanship and retail purchase price may not be recovered in a resale transaction.
Fine Gold = Gold-Alloy Weight × Karat ÷ 24
Metal Value = Fine Gold × Current 24K Price
Estimated Payout = Metal Value × (1 − Deduction)
Old Gold vs New Jewellery Value
The original purchase price of jewellery can contain making charges, design premium, brand value, taxes and other costs. Those components are not automatically retained when the item is sold as old gold.
Example: Old 18K Jewellery
Suppose an old piece has 25 grams gross weight, 3 grams of non-gold material, and is 18K. The gold-alloy weight is 22 grams.
At a current 24K price of 100 per gram, the theoretical metal value is 1,650. If a buyer deducts 8%, the estimated payout before any separate stone value is 1,518.
Why Old Gold Offers Differ
| Factor | Why It Matters |
|---|---|
| Purity | Determines fine-gold content. |
| Weight | Determines how much material is being sold. |
| Gold Price | Changes the underlying metal value. |
| Testing | Can affect accepted purity. |
| Deductions | Reduce the actual payout. |
| Gemstones | May be valued separately or excluded. |
Does the Original Jewellery Price Matter?
It can matter for sentimental or collectible value, but a straightforward old-gold transaction often focuses primarily on the recoverable metal and the buyer's current pricing policy.
A designer, antique or collectible piece may be worth more than its gold content, in which case a specialized appraisal is more appropriate.
Important Limitations
This calculator estimates a metal-based old-gold payout. It does not appraise collectible value, antique value, designer value or gemstone quality.
Actual buyers may apply different deductions, purity testing procedures and payout formulas.
Frequently Asked Questions
How is old gold value calculated?
It can be estimated from gold-alloy weight, purity, current gold price and applicable buyer deductions.
Is old gold worth the same as new gold jewellery?
Not necessarily. New jewellery may include workmanship and retail charges that are not recovered in old-gold resale.
Do buyers pay for old jewellery making charges?
Do not assume they do. Actual buyer policies vary.
Does old gold value depend on karat?
Yes. Karat changes the amount of fine gold in the alloy.
Can gemstones affect an old gold valuation?
Yes. Gold-only calculations should normally use the gold-alloy weight, with stones handled separately where appropriate.