The Precious Metals Calculator tells you the value of your gold, platinum, palladium and silver. It uses the current SPOT prices and has equations, constants and on-line data useful for Jewelers and other merchants of precious metals.
Current SPOT USD | ($/gram) | ($/troy_oz) | |
Gold | $53.537 | $1665.19 | |
Platinum | $27.81 | $864.99 | |
Palladium | $68.996 | $2146.02 | |
Silver | $0.624 | $19.41 |
The precious metals include: gold, platinum, palladium and silver, and the SPOT price is in U.S. dollars per troy ounce. The values are updated every two minutes. The functions in this calculator include:
The Precious Metal Calculator is useful for those who buy scrap metal or those who wish to have an estimate of the value of their scrap metal.
The Gold Buy Price equation compute the value of your scrap gold, but using the current gold spot price and the formula to compute how much pure gold is in your scrap. To do this, do the following:
This formula then returns the buy price of the gold accounting for the above factors and the current gold spot price. The buy price is the reasonable retail value of your item base purely on its refined gold content.
The Other Metals Scrap Buy Price equation is much like that for gold (above), except you can choose platinum, gold, silver or palladium, and the purity factor is entered in a percentage (e.g. 75%) instead of karat (e.g.18k).
The Junk Silver Value function computes the value of U.S. silver coins with no numismatic value. It let's the user enter the face value of the coins and returns their current value based on the spot price of silver.
This is a simple equation where you choose a precious metal from the list, enter the weight of the refined metal you have and it provides a current value based on the current SPOT price. The default amount is one Troy ounces so the spot price of the metals is provided by default.
This calculator was compiled with functions geared to meet the daily needs of a professional jeweler or pawn broker. Requests for new equations and/or corrections to existing equations will be rapidly implemented. Use the REPORT A PROBLEM button.