What Do Pawn Shops Pay for Gold?
TL;DR: Gold payouts are based on the live spot price, your item’s purity (karat) and weight, minus a small margin. Because spot moves daily, the exact per-gram figure changes — call for today’s number.
What a shop pays for gold isn't arbitrary — it's driven by three things: the live spot price, your item's purity, and its weight.
How the payout is calculated
- Purity (karat): 24k is pure gold; 18k is ~75% gold; 14k is about ~58.3%; 10k about ~41.7%. Only the actual gold content is paid for unless there is a designer signature or other unique feature in most cases.
- Weight: measured in grams.
- Spot price: the current market price of gold, which moves throughout the day.
In short: gold content × current spot price, minus a modest margin.
Today's pricing
Because the spot price changes daily, the most accurate number is the one we can show in-shop. Call us for today's pricing, or bring your gold in for a free, no-obligation evaluation.
Have questions or want a free, no-obligation quote? Contact us or call 678-264-8899 — walk-ins are always welcome at our Roswell store.
Frequently Asked Questions
Do you pay based on spot or futures price?
We base gold and silver pricing on the spot price — the current price for immediate delivery — not the futures price.
Do you buy broken or scrap gold?
Yes. Broken chains, single earrings, dental gold, and scrap are all valued on their gold content.