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People Also Ask
What is the price of raw gold?
But avoid paying too high of a premium over spot for average placer nuggets. At the time of this writing (September of 2011, melted down raw gold (spot price) is bouncing around from $1830 to $1900 per ounce. This would make a melted down single gram of raw gold worth about $58-$61 per gram.
How is scrap metal worth determined?
It depends on the type of metal and other conditions, including Market Price, Location, Time of year and demand.
How much is the price of scrap gold?
In jewelry, the amount of gold in a piece is noted through the karat weight system. So if you have a 1 gram 24k gold pendant you have a piece worth $50.80 at today's value of scrap pure gold.