Gold Buying Pricing Chart
Gold market prices are based on the New York spot price of gold. The daily gold price is for 24k or pure gold only. Most jewelry is manufactured with a stamp somewhere on the piece of jewelry which shows the gold content or purity or karat. United States and Italy commonly use stamps such as 10K, 14k, 18k. European, Asian and Middle Eastern manufacturers stamp the percentage of gold content on the piece. An example would be a stamp like 417, 585, and 916 stamped on the jewelry. The price breakdown of each karat of gold and how to get the price is determined by the weight of the gold and is measured using grams, pennyweight (dwt), and ounces. At South Bay Gold and Coin Buyers we want to explain how the process works when selling your gold jewelry or used jewelry. When you are looking to sell gold for the best price look to the experts. We buy gold, silver, and platinum for immediate cash. Selling gold to a pawn shop or to pawn gold jewelry will not get you the best price. Their main business is to loan money on jewelry and since the loan is for 4 months they loan half of the gold value or jewelry value. Pawn shops adjust their prices to resell the items where we pay cash for the gold and refine it ourselves. This helps us to pay more. So if you’re looking for fast cash for gold call or visit us today for a free no-obligation quote. Call (310) 363-7808 and we will assist you with any question you may have. We are rated the number one gold buyer in Los Angeles.
Take a look at the gold chart below to help you understand fully how the gold value and price is determined.