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Gold $3,876.40/oz -0.2% Silver $49.25/oz +0.3% Platinum $1,439.00/oz +0.5% Palladium $1,001.00/oz +0.2%

JewelLoop · Scrap and melt value calculator

https://jewelloop.net/tools/melt-value-calculator/

Estimates for guidance; verify before production.

Trade tools · Metals

Scrap and melt value calculator

Work out how much pure metal a piece or a lot of scrap contains, and what that metal is worth at today's spot price.

Weigh the metal only: remove stones first.

Spot value of the pure metal

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Not a buying price. Buyers and refiners deduct their charges and margin.

Pure metal
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In troy ounces
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Per gram of this alloy
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Spot price used
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Prices used

  • Gold: 3,876.40 USD per troy ounce · 1 Nov 2026, 01:45 (Bangkok time)
  • Silver: 49.25 USD per troy ounce · 1 Nov 2026, 01:45 (Bangkok time)
  • Platinum: 1,439.00 USD per troy ounce · 1 Nov 2026, 01:45 (Bangkok time)
  • Palladium: 1,001.00 USD per troy ounce · 1 Nov 2026, 01:45 (Bangkok time)

Spot prices: gold-api.com, read every hour. Exchange rates of 31 Oct 2026: central bank reference rates via Frankfurter.

Estimates for guidance; verify before production.

Understand the result

Spot value is not a buying price

The result is the value of the pure metal content at the latest spot price. Nobody pays the full spot value for scrap: refiners and buyers deduct their charges for melting, assaying and refining, and their margin. The deduction differs between buyers, metals and lot sizes, so ask for the payout terms in writing and compare offers.

Use the stamped fineness

The calculator uses the fineness stamped on the piece, as the trade quotes it (14K is stamped 585). Solder, settings, springs and under-karat pieces lower the real content, and stones must be removed and weighed out first. Only an assay of the melted lot gives the exact content.

Where the prices come from

Spot prices are read every hour from gold-api.com and stored on our server; exchange rates are central banks' published reference rates, via Frankfurter, updated once a working day. See the metal prices page for charts.

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