How are gold offers calculated?

Our gold offers are calculated using the following process: 

1. Purity: Gold purity is measured in karats (K), with 24K being pure. Gold items often contain alloys, so purity testing is necessary. Methods include electronic, acid, or X-ray fluorescence (XRF) analysis.  
2. Weight: Gold items are weighed in pennyweights (1/20 of a troy ounce), or grams. Only the gold's weight is considered, excluding other materials or stones.  
3. Market price: Current gold prices, which fluctuate daily due to various factors, are crucial for valuation. Evaluators use up-to-date pricing data, refreshed every 60 seconds.  
4. Evaluation: Item value is calculated using purity, weight, and market price. For example, an 18K gold item weighing 10 grams contains 7.5 grams of pure gold. The value is determined by multiplying this weight by the current price per gram. 

Once your gold has been appraised, you will receive an offer based on the value determined by the process mentioned above.