18k Gold Price Gram

What’s a fair price to sell your 14k and 18k gold per gram to dealer?

I have some 14k gold to sell. One dealer offered 16.00 per gram. Is this a fair price based on current value of gold, or am I being taken?

$16 a gram for 14k is pretty damn good. I know in vegas right now alot of places are offering between $10 and $12 a gram for 14k. If you wanna know what the total worth per gram is you just have to do some basic math.

Goto monex.com and look at live prices, as I write this now its at $1,113 per ounce. Now to figure out the per gram price we have to take 1113 / 31.103 X the purity of gold(31.103 is a troy ounce, which is whats used in gold trading), which in this case is 14k so the purity is .585 which comes out to $20.93. Now $16 may seem cheap when compared to $21 but they must make some money also.

If your dealing with a pawn shop then they will resell the gold to a company that melts it down. They get anywhere between 90% and 98% of the $20.93(or whatever the price is that day) from the melt down company.

If you wanna do the math on your 18k pieces then the purity is .750 instead of the .585 of 14k.