Whether you're cleaning out a jewelry box or need fast cash, the first question is always the same: how much is my gold actually worth? Here's exactly how we calculate it at DD Pawn Loans in Pompano Beach — the same math any honest gold buyer in Florida should use.
The 3 Numbers That Decide Your Payout
1. Karat (purity)
Pure gold is 24K. Most jewelry is an alloy for durability:
- 10K = 41.7% gold
- 14K = 58.3% gold
- 18K = 75% gold
- 22K = 91.7% gold
Look for the stamp on your piece: 417 (10K), 585 (14K), or 750 (18K).
2. Weight in grams
Gold is priced per troy ounce (31.1 grams). Buyers weigh your item in grams or pennyweights (dwt). A kitchen scale gets you close; we use calibrated jeweler's scales.
3. The live spot price
Gold's market price changes every minute. Melt value = spot price per gram × purity × weight.
Skip the Math — Use Our Free Gold Estimator
Our Gold Estimator pulls the live spot price and does this calculation instantly — enter your karat and weight and see your melt value plus our estimated cash offer before you ever leave home.
What Will a Buyer Actually Pay?
No buyer pays 100% of melt — they have to refine and resell. Offers vary widely from one buyer to the next, which is why it is worth getting more than one quote before you sell. At DD Pawn Loans we pay up to 90% of gold value. Broken chains, single earrings, and scrap gold all count: gold is gold.
Ready to Sell?
Bring your gold and a photo ID to sell your gold in Pompano Beach — we test it in front of you and pay cash on the spot. Rather keep it? Ask about a collateral pawn loan instead.