rates, or to at least have their gold Gold Bar appraised prior to heading to a broker.
Of course, as with the buying and selling of any gold, the market price of gold per ounce will also have to be taken into consideration. This value not only fluctuates on a day to day basis, but the value may increase and decrease several times within any given day.
The first step buyers of scrap will take is to determine the karat content of the gold piece. This number will be on the gold item and sometimes will require a magnifying glass to read. The dealers will have the supplies to conduct an acid test on your item to determine the quality. These kits can be purchased at local jewelry stores or from online websites. The base value of scrap is decided by its weight in grams and a jeweler's scale will be needed.