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: The broker checks the current spot price of gold—the international trading price—and calculates the value of your specific gold content (e.g., a 14K ring is only 58.3% gold). How Payouts Are Calculated
: Expect an offer of $32–$38 per gram for 10K gold or $56–$72 per gram for 18K gold, depending on current market fluctuations. how do pawn shops buy gold
: Since gold is non-magnetic, a strong magnet is used to quickly rule out many fakes. : The broker checks the current spot price
: To confirm the stamp is accurate, shops use: it matches that karat level.
: Scratching the gold on a testing stone and applying acid. If the mark remains, it matches that karat level.