http://www.m516.com/jewelry-asian/
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How much money should you get if you sell 19 grams of 18k gold?
I have 3 bracelets I bought from a asian jewelry store and they are 18k gold I am trying to sell them so I can buy some White Gold ones. how much should I get for them if they are about 19 grams of 18k gold.
24k gold is 100% gold so 18/24 = 75%,
Gold is priced in ounces so 19 grams = .67 ounces,
The current price of gold is $628.9 per ounce
So 75% of the .67 ounces of bracelets you have is .5 ounces of pure gold, so .5 x 628.9 = $314.45
So the value of the gold in the bracelets is worth about $314.45, but the design of the bracelets will add or decrease the value, plus the price of gold changes just like stock prices change, so the value of the gold in your bracelects will continually change.
Jewelry & Black Tea