Gold Resale Value Calculator – How To Calculate The Resale Value of Old Gold Jewellery in Chennai

How gold buyers calculate the resale value of old gold jewellery

Gold buyers use a simple resale value calculator formula based on three things: weight of gold, purity (karat or percentage), and today’s gold rate per gram.

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

Formula (using karat purity):

Value of Gold = (Weight of Gold × Purity of Gold × Rate of Gold today) / 24

Formula (using percentage purity):

Value of Gold = (Weight of Gold × Purity of Gold × 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