The WorkbenchPricing
Old-Gold Buyback Estimator
What your old gold is really worth — every deduction a buyer takes, shown honestly before you walk into the shop.
No piece on the scale yet? Start from a common one
The old piece
Purity stamp and weight on the scale — every deduction builds from just these.
Purity of the old piece
Ask your buyer or check a rates app — we remember it for your next visit.
Your shop on the sheet
Your shop's name, phone and logo at the head of every valuation sheet you hand across the counter — set once, used on every Pro export.
Checking your Tools Pro membership…
Your full deduction split appears here
Enter the purity, weight and today’s 24K rate — or tap a common piece above — and the full deduction split appears here: pure gold content, gross value, and every cut the buyer takes.
This tool has no gold counter and nothing to buy — that’s the point. No number here is nudged toward any shop’s offer.
The sheet to hand over
Fill the journey above — purity, weight, today’s rate — and the sheet is one tap away: every deduction in the open, and a “Valued by” line to sign.
Sellers also ask
How much money will I get for my old gold jewellery?
What you are handed is whatever is left after the buyer's three deductions — melting and testing loss, refining, and his margin — and the estimator works those in the open from your own figures, so the number it shows is that offer, not a guess. The trade's yardstick for judging it is 92-96% of the metal's gross value; below 85% of gross, walk away.
What deductions do jewellers take when buying old gold?
Typically 2–5% melting and testing loss, 1–3% refining, and a 4–10% buyer's margin. Anything totalling more than ~15% off gross deserves negotiation — the sliders let you match the exact quote in front of you.
Is it better to exchange old gold for a new piece or sell it for cash?
Exchange usually fetches the better rate, because a buyer drops their margin toward its floor when the money stays in their own shop. But you are then tied to that counter, and the new piece carries its own making charges, wastage and GST. Cash leaves you free to take the next quote. Drag the margin slider to price both on the same weight.
Do I have to pay GST when I sell my old gold to a jeweller?
No. When you sell old jewellery as a private individual, the jeweller does not add GST to what they pay you. GST enters only on the buying side: exchange the old gold against a new piece and tax is worked on that new piece's full value, not on the balance left after your old gold is adjusted. What rate that full value carries follows how the new piece was supplied — one supply of goods at 3% for a ready-made piece, making included, or 3% on the metal with 5% on the making where the making was billed apart as its own service.
Why is the jeweller paying less than today's 22K rate for my old gold?
Because the advertised rate is a selling rate, and buyback starts from the pure gold in the piece. A 22K piece is 916 parts gold in a thousand, valued at the 24K rate, and then melting and testing loss, refining and the buyer's margin come off. Put in the weight and today's 24K rate and each of those steps prints as its own line.
What should I check before handing over my old gold at the counter?
Watch the piece weighed on a tared scale in front of you, and ask for the purity test result out loud, whether it comes from a karat meter or a touchstone. Then get weight, purity and every deduction in writing before any money moves. You do not need the original bill to sell; purity is settled by the test, not by paperwork.
Can I print a valuation sheet showing what I offered for old gold?
Yes. The valuation sheet prints as an A5 or A4 PDF carrying the piece, its pure gold content, gross value, all three deductions, the offer and a Valued by line to sign. Three plain designs are free to everyone. Tools Pro puts your shop name, phone and logo at the head, adds five more designs and the counter-situation presets.