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. Typical offers range from 50–70% at mall kiosks and "we buy gold" chains, to 90% of gold value at DD Pawn Loans — among the highest payouts in South Florida. 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.