Got old gold jewellery, broken chains, or mismatched earrings sitting in a drawer? Our free scrap gold calculator tells you exactly what it's worth based on live UK gold prices — in seconds.
Whether it's 9ct, 18ct, or 22ct gold, we'll give you a transparent, accurate valuation with no obligation. At 888 Bullion, we pay some of the most competitive scrap gold prices in the UK.
Use our gold calculator to get your instant estimate, then read on to understand exactly how scrap gold is valued and what to expect when you sell.
Scrap gold is valued on two things only: weight and purity. Unlike jewellery sold in a shop, the craftsmanship, brand, or design of the piece has no bearing on its scrap value. You're selling the metal content — nothing more.
The formula is:
Scrap gold value = Weight (troy oz) × Purity (decimal) × Live spot price (£/troy oz)
For example, a 9ct gold bracelet weighing 10 grams:
Buyers will offer a percentage of this figure to cover their costs. At 888 Bullion, we offer highly competitive rates — particularly for larger quantities.
Before you calculate, you need to know the purity of your gold. Check for a hallmark stamp on the piece — this tells you the carat. If you're unsure, our British hallmark guide explains exactly what to look for.
Not sure what carat your gold is? We offer XRF metal testing in London — a fast, non-destructive way to verify purity on the spot.
At 888 Bullion, we buy all types of scrap gold including:
We do not buy gold-plated items, gold-filled jewellery, or items that cannot be verified as solid gold.
A few tips to maximise what you receive:
If you have gold coins or bars in good condition, they may be worth significantly more than their scrap value. Investment-grade bullion like Sovereigns and Britannias carries a premium above spot price due to collector and investor demand.
Before selling any gold coins as scrap, always check whether they have numismatic or bullion value first. Our team can advise you in person at our Hatton Garden location.
You can also learn more about the difference in our guide: New vs Pre-Owned Bullion.
Our gold calculator uses live spot prices updated throughout the trading day, so the estimate is as accurate as possible. The actual offer may vary slightly depending on the condition and verification of your items.
No appointment needed. Walk in to our Hatton Garden location during opening hours and we'll value your gold on the spot.
In-person sales are paid the same day. Postal sales are paid within 24 hours of us receiving and verifying your gold.
There's no strict minimum, but very small quantities (under 1g) may not be worth the trip. We're happy to advise — just get in touch before you visit.
Look for a hallmark — see our hallmark guide for help identifying marks. You can also use our XRF testing service for instant verification, or read our guide on how to test gold at home.
Bring it in and we'll test it for free using our XRF machine. No damage, no obligation, instant result.
Ready to find out what your scrap gold is worth? Use our free gold calculator now, or get a quote to sell your gold today.
