How much should i pay for scrap gold?

It's about $844 an ounce and about $27.13 per gram(as of Dec. 24,2008).

>In conlusion, you should by it for around $11.31 for the 10k, $15.825 for the 14k, and $20.35 for the 18k.<

It might also be a good idea to pay several percentiles less than these prices, otherwise you won't make too much money. No one should ever buy at market value for commodities.


Instructions on Method:

"Separate your scrap gold into their various karat fineness (i.e. 10k, 14k or 18k). You may need a magnifying glass to see the number inscribed on the piece....."

"If you have any gold coins, they may have a numismatic (coin) value above their metal value, based on age, rarity, and condition. Take it to a coin dealer; you may be able to get more money that way.
Determine the gram weight of each group by using a gram scale. If you can only weigh by the ounce, convert to grams by multiplying by 28.35 (e.g. 2 oz. = 2 x 28.35 = 56.7 grams).
Determine today's price of gold. You can find this on the Internet[3], [4] or in your local newspaper. Fine gold as of this writing is about $900.00 per troy ounce. (A troy ounce equals 31.1 grams. This never changes.) The price of gold fluctuates according to supply and demand.
Divide today's gold price by 31.1 to get today's gold price per gram.
Multiply by the fineness of the gold. For each group of gold, divide the karat by 24, then multiply that number by today's gold price per gram. For example, if you have 10KT gold and the current price of gold is $28.94 per gram ($900.00 / 31.1), then the price of your scrap gold is $28.94 x .4167 = $12.06 per gram.


10KT = 10/24 = .4167
14KT = 14/24 = .5833
18KT = 18/24 = .750


Multiply the price per gram by the weight in grams. If you have 10 grams of 10KT gold and you calculated the price at $12.06 per gram, then your scrap gold is worth 10 x $12.06 = $120.59.



Examples
If you have 5.0 grams of 14KT scrap and gold is $900.00 today, then $900.00 divided by 31.1 equals $28.9389 multiplied by .5833 (14KT) equals $16.88 per gram. $16.88 multiplied by 5.0 grams equals $84.40.
Now let's say you have 15.3 grams of 10KT gold scrap. $900 divided by 31.1 equals $28.9389 multiplied by .4167 (10KT) equals $12.06 per gram. $12.06 multiplied by 15.3 grams equals $184.52."-wikihow.com