How gold jewellery Resale Value calculator of Old Gold calculated by gold buyers –

Very simple formula to calculate the Resale Value calculator of Old Gold

Take it to a Gold testing or assaying lab & have it tested for purity.

The lab will give you a test report which will state the accurate weight of the sample & its purity in percentage or karats.

If you are using the karat purity

Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 24

If you are using percentage purity

Value of Gold in the sample = (Weight of Gold x Purity of Gold x Rate of Gold today) / 100

Example, let’s say the sample weighed 1 gram with a purity of 22 Karats (91.6%) & rate of gold today is ₹ 6000 per gram Value of Gold Today (using percentage purity) = 1 x 91.6% x 6000 = ₹ 5496.0 only

To get the latest Resale value of your – Gold/Silver/Platinum price visit : Old gold rate in Chennai