Gold Buyers in Essex and Herts ! - A guide to Calculating your own price!

Top Dog Gold prides itself on its business ethics and 100% transparency. So why leave it all to us when you can work out your own gold and precious metals prices and be exactly aware of the value of your items prior to contacting a scrap gold buyer.

 

Here’s what to do;

You should base your weight program in grams using the troy oz. which is equal to 31.1035 or round down to 31.1g will be just fine.

First you need to identify the current price of gold, silver or precious metal by per troy oz. in British Stirling currency by the gram. This can be achieved by referring to the gold, silver and platinum real time graphs on our gold homepage or by visiting an independent gold trading company.

The price of the gold per Oz should be;

Divided by 31.1 e.g., Oz price £1000 divided by 31.1

Multiply the answer by .375 for 9ct or .585 for 14ct or .750 for 18ct or .916 for 22ct, If you have gold of a 'non-standard' purity (e.g. from outside the U.K.) visit our value of gold page where you can view the carat table for most common gold content percentages.

Example – £1000 divided by 31.1g = 32.15 x.375 (9 carat) = 12.05 or a spot price of £12.05

For silver follow the same process but divide by .999 for fine .925 for Stirling and .800 for most other silver

You are now left with the price per gram at that particular moment in time or the “spot price” as the price is constantly changing 24 hours per day. If you prefer weighing in ounces do ensure you switch your weighing machine to Troy ounces (about 31g) not avoirdupois ounces, which is used for weighing food (about 28g). Please be aware that the spot price is the wholesale price and not the price that you will receive for your gold. Typically you should expect at least 80% of the spot price to be paid to you.

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