How To Value Your Gold Bracelet

How much is your gold bracelet worth in physical gold?  The value of your gold bracelet can be calculated using basic math if you have a digital scale.  If you don't own a digital scale you can go to your local post office.

 

Gold bracelets are rarely 24K gold.  14K or 18K gold bracelets are most common in America, which means the physical gold is being mixed with other metals to create a stronger, tougher to damage, gold bracelet.  These other metals can be any combination of nickel, copper, silver, or zinc. 

 

We are going to assign a gold bracelet value solely on its gold content, as the other metals' value are fairly immaterial.

 

Below are two examples of valuing gold bracelets based upon 14K and 18K gold content:

14K gold bracelet valuation example

1.  The gold content in a 14K gold bracelet is equivalent to 58.33% gold.  This percentage is derived from the calculation 14K divided 24K (14/24) in order to establish the percent of gold content of 58.33%

2.  The overall weight of the gold bracelet is weighed next.  For this example, our gold bracelet weighs 7 grams.  Because the gold content weight is small, we choose to measure in grams over ounces.

3.  The live (current) price of gold can be found for free at online gold bullion dealers.  Kitco.com is a popular online website to view current gold prices.  The "bid" is what a buyer is willing to pay per ounce, and the "ask" is what a seller is willing to sell gold per ounce.  For our example, we will use a bid price of $61 a gram.

4.  Calculate the gold content value by multiplying the weight of the gold bracelet (7 grams) X's the live bid price of gold ($61/gram), and multiple the sum by 58.33% (.5833).

7 grams x's 61 grams = $427

$427 X's 58.33% = $249

In conclusion, a 14K gold bracelet that weighs 7 grams contains physical gold content is worth $249.

18K gold bracelet valuation example

1.  The gold content in a 18K gold bracelet is equivalent to 75% gold.  This percentage is derived from the calculation18K divided 24K (18/24) in order to establish the percent of gold content of 75%

2.  The overall weight of the gold bracelet is weighed next.  For this example, our gold bracelet weighs 12 grams, a pretty thick gold bracelet.

3.  The live (current) price of gold can be found for free at online gold bullion dealers.  Kitco.com is a popular online website to view current gold prices.  The "bid" is what a buyer is willing to pay per ounce of gold, and the "ask" is what a seller is willing to sell per gold ounce.  For our example, we will use a bid price of $61 gram.

4.  Calculate the gold content value by multiplying the weight of the gold bracelet (12 grams) X's the live bid price of gold ($61), and multiple the sum by 75% (.75).

12 ounces x's $61 per gram equals = $732

$732 X's 75% = $549

In conclusion, a 18K gold bracelet that weighs 12 ounces contains physical gold content worth $549.