Grams are a unit of mass commonly used in weighing precious metals such as gold, platinum and silver. Most consumers are familiar with the term grams as it applies to food weighed on a food scale, but jewelry grams are different: There are 31.1 grams to a troy ounce of precious metal; but there are 28 grams to an ounce of food. GoldFellow typically prices scrap gold using the pennyweight unit of measurement as it is less confusing for consumers.
To determine the gram weight of your gold, use a jewelry scale set to grams. If using a food or postal scale, GoldFellow® suggests weighing your jewelry in ounces. From ounces, it is easy to convert to “troy” grams. Simply multiply the number of ounces the jewelry weighs x 31.1 to calculate how many jewelry grams you have. For example, if all your 14K gold weighs 3 ounces on a food scale, 3 x 31.1 = 93.3 grams of 14K gold.
Cash for gold buyer GoldFellow® purchases scrap gold by weight and karat. To estimate the value of your gold by gram, weigh your gold in karat lots and use GoldFellow®’s Gold Value Estimator to get an idea of the price you would be paid today. The gold value estimator uses today’s London Afternoon Gold Price in its calculation. Simply select “gram” as your unit of measurement on the calculator. Then, enter the weights of all of your karats of gold in grams and click estimate. You can enter your gold weight into the calculator every day to see the most up to the minute price GoldFellow® pays for your grams of gold of each karat. Please note, the chart pricing on the same page as the calculator is posted in pennyweights – not grams – so if you want gram pricing, use the calculator set to grams. As always, you may call GoldFellow® during businss hours for assistance with pricing.
http://www.articlesbase.com/jewelry-articles/what-is-a-pennyweight-of-gold-what-is-a-gram-of-gold-362455.html – What is a Pennyweight of Gold? What is a Gram of Gold?