Gold Valuation
When you bring old gold jewellery in for valuation, the process comes down to three things: how pure the gold is, how much it weighs, and what the applicable gold market rate is at that time. Understanding each of these makes it much easier to follow how a final valuation figure is reached.
Purity comes first
Gold jewellery is rarely 100% pure — it's usually alloyed with other metals for strength and durability, which is why purity is expressed in karats (24K being the purest). A professional evaluation checks the purity of your specific piece before any value is calculated, since this materially changes the outcome.
Weight is verified, not estimated
Once purity is established, the item is weighed accurately. This isn't a rough guess — precise weight verification is a standard part of any credible valuation process, because even small differences in weight affect the final figure.
Then the market rate is applied
With purity and weight known, the applicable current gold market rate is applied to arrive at an indicative value. Because market rates move throughout the day, the rate used should reflect current conditions — not an outdated figure.
Our team can confirm the applicable rate for your gold's purity and give you an estimated value as part of a free valuation.