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Fair Gold Price
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Free calculator

Scrap gold calculator for Canada

Weight and karat in, melt value out, at the live price in Canadian dollars. Then check any offer against it.

Prices in Canadian dollars. Tax: GST, HST and PST by province.

Are you selling or buying?
1 · Is it gold or silver?
2 · What is stamped on it?

No stamp? Leave 14K.

Stamp not here? Show all stamps
Where is the stamp?

On the clasp, inside the band or on the post. 585 means 14K.

StampPure goldWhere you see it
8K / 33333.3%Older European jewellery. Below the 9K minimum for gold in Canada.
9K / 37537.5%UK and Commonwealth jewellery. The lowest karat marked as gold in Canada.
10K / 41741.7%Everyday jewellery.
12K / 50050.0%Older pieces. Often gold filled: check for GF.
14K / 58558.3%Rings and chains. Very common.
15K / 62562.5%Older British jewellery.
16K / 66766.7%Dental gold.
18K / 75075.0%Fine jewellery and European pieces.
19K / 79279.2%Portuguese jewellery.
20K / 83383.3%Some Asian jewellery.
21K / 87587.5%Middle Eastern jewellery.
21.6K / 90090.0%Older US gold coins.
22K / 91691.7%South Asian jewellery, Gold Eagle and Krugerrand coins.
23K / 95895.8%Some Asian jewellery.
24K / 99999.9%Bars, Gold Maple Leaf coins and some Asian jewellery.

GF, GP, HGE or RGP means plated, not solid gold.All stamps and hallmarks

3 · How much does it weigh?

Use a kitchen scale, in grams.

4 · Got an offer? (optional)
$
More options : stones, fees

You charge no sales tax when you sell your own items. A profit may be taxed.

Your gold is worth

—

Answer 3 questions.

Show the maths

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How to use the scrap gold calculator

  1. Weigh it

    Use grams if you can. A kitchen scale that reads to the gram is close enough for a first check. Leave out stones and parts made of other metal.

  2. Find the stamp

    Look inside the ring or on the clasp for 10K, 14K, 18K or a number such as 417, 585 or 750. Silver is usually marked 925 or Sterling.

  3. Read the melt value

    The calculator multiplies the weight by the purity and by the live price. That is the worth of the metal inside, before any buyer’s cut.

  4. Check the offer

    Type in what a shop offered. You see it as a percent of melt value. Buyers usually pay 60% to 85%.

The maths behind it

Melt value = weight in grams × purity × spot price per troy ounce ÷ 31.1035. Purity is the karat divided by 24, so 14K is 14 ÷ 24 = 58.3% gold. The spot price is the live market price of pure metal, shown here in Canadian dollars. It is the same for every shop, which is why melt value is the fair yardstick for an offer.

The calculator works for silver too, and it can take pennyweights, troy ounces and other units. In buying mode it adds making charges and GST, HST or PST for your province.

Price per gram, by karat

Pure gold price by weight unit
UnitPure gold
Troy ounce (31.1 g)—
Gram—
Pennyweight (1.555 g)—
Avoirdupois ounce (28.35 g)—
Kilogram—
Gold melt value by purity
PurityPer gramPer dwtPer troy oz
8K (33.3%)———
9K (37.5%)———
10K (41.7%)———
12K (50.0%)———
14K (58.3%)———
15K (62.5%)———
16K (66.7%)———
18K (75.0%)———
19K (79.2%)———
20K (83.3%)———
21K (87.5%)———
21.6K (90.0%)———
22K (91.7%)———
23K (95.8%)———
24K (99.9%)———

Connecting to price feed… Melt value of the metal only. Buyers pay less than melt.

Before you sell