How Much Can I Get For My Gold Jewelry?
The amount of cash you can sell your gold jewelry depends on the weight of the gold you have, and its purity. The purity of gold is measured in karats (99.99% pure gold is 24 karat gold). When you hear people talk about the price of gold, they are referring to the price of 24k gold.
Gold jewelry is not pure gold. It is commonly created with less pure forms of gold, such as 10k gold, 14k gold, and 18k gold. The value of your gold jewelry depends on the amount of pure gold that can be extracted when it is melted down.