How old gold price is calculated
The number is explained at the scale — not on a rate board or a calculator.
Every honest buyer is doing the same arithmetic: net weight of gold × tested purity × that day’s market. Stones, wax and non-gold clasps are not gold. We do not publish today’s number on this website — that is how far-away callers start bargaining with a shop they will never visit.
How to calculate resale value of gold
- The scale zeroed in front of you
- The touchstone streak, not a muttered karat
- Net weight after stones, said out loud
- The day’s figure they are using, said out loud
If a buyer will not show the working, walk. We show it. We still will not put a live rate widget on srilakshmiaurum.com.
A board is a selling price, often for 22K with making. A buyer pays for the metal they can recover, on that day’s market, after stones. That is old gold resale value.
How much deduction on old gold selling is the stones, wax and non-gold parts — said out loud — not a hidden percentage. Sell gold without deduction of a secret extra cut: we do not do that. How much do gold buyers pay for gold depends on that net weight and the day.
What percentage does cash for gold pay is the wrong frame. We do not advertise a flat cut. How to calculate resale value of gold is: net weight × tested purity × that day’s figure.
We do not publish a live rate. The figure belongs at the scale, once the piece has been tested.