If you’ve ever wondered how much your gold jewelry is worth, you’re not alone. Gold prices fluctuate daily, and several factors influence the value of your pieces. Whether you’re thinking about selling, pawning, or just curious about your jewelry’s worth, understanding how gold is valued can help you make informed decisions.
At Capital Pawn, we pride ourselves on providing fair, competitive offers for gold jewelry. Here’s what goes into determining the value of your gold and how you can get the best price when you decide to sell.
1. The Current Market Price of Gold
Gold is a globally traded commodity, meaning its price changes daily based on supply, demand, and economic factors. The current market price, often referred to as the spot price, is the baseline for determining the value of your gold jewelry.
💡 How to Check Gold Prices: You can look up the latest gold prices online or stop by Capital Pawn for a free appraisal, where we’ll assess your jewelry based on real-time market rates.
2. Gold Purity & Karat Weight
Not all gold jewelry is created equal—its value depends on purity, which is measured in karats (K).
Here’s a breakdown of gold purity:
- 24K Gold – 99.9% pure (highest value, softest metal)
- 22K Gold – 91.6% pure (common in high-end jewelry)
- 18K Gold – 75% pure (a balance of durability and value)
- 14K Gold – 58.3% pure (most common in the U.S.)
- 10K Gold – 41.7% pure (stronger but contains less gold)
💡 Higher karat = more gold content = higher value. Not sure about your jewelry’s purity? Our Gold Buyer Page explains more, and we offer free purity testing at all Capital Pawn locations!
3. Weight of Your Gold Jewelry
Since gold is valued per gram or ounce, the heavier your jewelry, the more it’s worth. However, keep in mind that gemstones, clasps, and non-gold elements do not contribute to the total gold weight.
💡 Pro Tip: If you’re selling a gold ring with a gemstone, you might be able to get additional value for the stone separately. Ask us about our appraisal process for diamonds and gemstones as well!
4. Jewelry vs. Scrap Gold Value
Jewelry is often worth more than just its gold content, depending on:
- Brand & Craftsmanship – Designer or antique jewelry can have higher resale value.
- Gemstones & Diamonds – Some jewelry has added value beyond just the gold.
- Condition – Well-maintained jewelry may fetch a premium price.
💡 Selling for scrap? If your jewelry is broken, outdated, or missing stones, it will likely be valued based on gold content alone. But don’t worry—Capital Pawn offers competitive rates for both gold jewelry and scrap gold!
5. Demand & Resale Potential
The demand for gold jewelry fluctuates based on fashion trends, collector interest, and market conditions. If a particular style or type of jewelry is highly desirable, it may sell for more than just its raw gold value.
💡 Want the best offer? Capital Pawn considers both gold value and resale potential, ensuring you get a fair and accurate appraisal.
6. Where You Sell Matters!
Not all buyers offer the same value for gold. Some places charge hidden fees, lowball offers, or don’t use accurate scales.
At Capital Pawn, we ensure you get:
✅ Fair, competitive prices based on real-time gold market rates
✅ Free, no-obligation appraisals
✅ Honest assessments with no hidden fees
✅ Instant cash offers
💰 Want to see what your gold is worth? Stop by one of our Gold Buyer Locations for a free appraisal today!
How to Get the Best Price for Your Gold
Want to maximize your gold’s value? Here are a few tips:
✔ Know the karat weight – Higher purity gold is worth more.
✔ Weigh your jewelry – Get an estimate before visiting.
✔ Keep your jewelry clean – Presenting it in good condition can help.
✔ Sell at the right time – Monitor gold prices and sell when they’re high.
✔ Choose a trusted buyer – Capital Pawn ensures you get the best possible price!
Turn Your Gold into Cash at Capital Pawn
Whether you have old gold jewelry, broken chains, or gold coins, we make selling gold fast, easy, and rewarding.
💰 Visit one of our 5 locations today for a free gold appraisal, and let’s turn your unused gold into instant cash!
👉 Check out our Gold Buyer Page to learn more!
