# Quick Answer: How Much Do Pawn Shops Give For Gold Rings?

## How much can you pawn a gold ring for?

For example, as of the day of writing this article pawn shops pay around \$1250 for an ounce of pure gold.

If you have 10k gold jewelry, you can sell it for \$16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram.

## How much would a pawn shop give for a ring?

Most jewelry stores and pawn shops pay approximately 50 cents for every dollar of scrap gold value. If the value is \$1,000, for example, a store will offer to buy the ring for approximately \$500. At Abe Mor, however, they offer 75 cents for every dollar of scrap value.

## How do pawn shops calculate gold value?

Here’s how calculate approximately how much pawn shops will pay for your gold bracelet:

• Multiply the weight of your bracelet (just the gold part) by the percentage of gold that your karat indicates.
• Multiply the grams of actual gold (12.51 in the example) by the current price of gold in grams.

## How much will a pawn shop give for 14k gold?

14K Gold is similar to 58.5% gold. Multiply 0.585*21.4 to get 12.51grams. Afterward, multiply the resultant value (12.51) by the current price of gold to get the approximate value pawnshops is likely to offer you for your piece of jewelry.

## How much is a 14k gold ring worth?

Now, since 14K gold is only 58.33% actual gold, we divide the per gram price of pure gold (\$37.531) by 0.5833 to arrive at a 14K gold price of right at \$21.92 a gram. Now you multiply the weight of the ring in grams by the price per gram at 14K, and you have the spot price of your ring.

## How much is a 10k gold ring worth at a pawn shop?

So, if you have a five-gram 10K gold ring, and the current price of gold is \$1,600.00 per ounce – or \$51.45 per gram (\$1,600.00 divided by 31.1 grams), then your 10K gold ring is worth \$21.44 per gram (\$51.45 x . 4167), or \$107.20.