Here are example payouts to show how the calculator handles different scenarios. Today’s 24K live rate of ₹7,000/g is used for illustration (see widget for actual). If we sell gold how much do you get for these scenarios:
10g of 22K jewellery
10 × 0.916 × ₹7,000 × 0.98 (2% wastage) = approximately ₹62,840. How much will I get for selling gold of this type? Around ₹6,280 per gram.
5g 24K bullion coin
5 × 0.999 × ₹7,000 × 1.00 (no wastage on coins) = approximately ₹34,965. How much will I get if I sell gold jewelry vs coins? Coins typically pay 95–98% of spot, jewellery 90–94%.
20g of 18K gold ring (with stones)
stones removed first, then 18g of net gold (estimated) × 0.750 × ₹7,000 × 0.98 = approximately ₹92,610. The selling gold jewelry cash calculator handles this in one go.
100g 24K bullion bar
100 × 0.999 × ₹7,000 × 1.00 = approximately ₹6,99,300. The sell scrap gold calculator and bullion calculator both follow the same formula – only weight and purity change.