Determine the gram weight of each karat group using a gram scale. If using ounce as your measurement, multiply the weight by 28.35 to get its ounce equivalent. This will be Gold Value #1.

Check your local newspaper or browse the net for the updated and current price of gold, which is usually in troy ounce. Following the law of supply and demand, the price of gold varies, but a troy ounce is always pegged at 31.1 grams.

To get your Gold Value #2, divide the current gold price by 31.1 to get the gold price per gram. Let’s say the current price of gold is determined at $900; divided by 31.1, your Gold Value #2 will be $28.94. Divide your jewelry’s gold fineness by 24 to get your Gold Value #3. For this one, let’s say you have a 14K piece; divided by 24, your Gold Value #3 would be .5833.

Multiply Gold Value #2 and #3. Using the above example, $28.94 x .5833 would be $16.88. So the price of gold per ounce for a 14K piece when converted to grams would $16.88.

Finally, multiply this with your Gold Value #1. For example, 3 ounces or 85.05 grams of 14K gold would yield $1,435.64.

There you have it, a simple way of determining the value of your gold pieces. But, of course, should you get confused, it is always recommended that you check, double-check, and triple-check with your most trusted jeweler!

To determine the price of gold, first, group your scrap gold into their different karat fineness (such as 10k, 14k 18k and so forth). Use a magnifying glass to verify the inscribed karat value on the piece. If unsure, have the gold piece checked by a well-established dealer. Also bear in mind that some pieces may just actually be gold-plated, and a chemical test may be necessary for this to be determined.

For gold coins, it may be better to take it to a coin dealer for you to get the best value. This is because gold coins possess specific numismatic (coin) values aside from their metal value, depending on the coin’s age, rarity, and present condition.

Using a gram scale, establish the gram weight of each karat group. If using ounce as your measurement, convert this value first into grams by multiplying it by 28.35 (e.g. 3 oz. x 28.35 = 85.05 grams).  This will be Value #1.

Surf the internet or check your newspaper scoop for the updated and current price of gold, which is usually in troy ounce. The price of gold varies following the law of supply and demand but a troy ounce is always equivalent to 31.1 grams.

Divide the current gold price by 31.1 to get the gold price per gram. This will be your Value #2. For example, if the current price of gold is at $900, then Value #2 will be $28.94.

Divide your jewelry’s gold fineness by 24. This quotient becomes Value #3. For example, 14K divided by 24 would yield a quotient of .5833 as Value #3.

Multiply Value #2 and #3. Using the above example, $28.94 x .5833 would be $16.88. So the price of 14k gold per ounce when converted to grams would $16.88.

Multiply this with your Value #1 or the piece’s gram weight. If you have 3 ounces or 85.05 grams of 14K gold, then your scrap gold’s value would be 85.05 x $16.88 = $1435.64. And that’s a considerable amount of money!

There are a lot of resources out there that can guide interested investors.  Articles in business magazines and in websites offer great analysis as to the trend of gold prices.  Not only that, they have additional information as to the various factors affecting gold price.  They can also help you keep track of current gold prices.  How much is the price of 18k gold per ounce? What are the current rates of spot gold? This way, you get a clearer picture of what you are getting into.

One very credible news agency that constantly keeps track of the value of gold is CNN Money, and it has, in fact, very positive news for gold investors in its website.   According to CNN, gold price is at $1,101.40 an ounce in November 2009.  It seems that because of the weakening of the dollar, more and more people are putting their trust in gold.  Recently, according to CNN, gold is being considered by central banks as a good alternative to the dollar.

Needless to say, the price would also vary depending on the quality.  The value of 18k gold (which is basically 75% gold) would, of course, be less than the value of 24k gold (pure gold).  If you’re having a hard time calculating, don’t worry.  Try surfing the web to find sites that have gold price calculators. The price of 18k gold per ounce or 24k gold per ounce is there for you to see at a click of the mouse– an ideal tool for interested investors.

But what kind of value does gold really have?

Anyone can look up the price of gold per ounce today on the internet, think of a domain that has the word gold in it, and it will surely bring you to a website that has the most current price of gold per ounce today.

To determine the price of gold per ounce today, you need to be able to trade in the gold (and derivatives) market.  However, it is through the “gold fixing” (a term which originated in London in September 1919) that you will know the daily benchmark price of gold within the industry.  In the US, the term “afternoon fixing” was used to refer to the same benchmarking process.  This term was introduced in 1968 when the gold trade in the country was opened.

Usually five to ten years or more is needed when investing in gold. Gold purchased in 1973 was $64, but now it is priced at more than $900. That shows more than 1,000% return on investment.

Gold is quoted everywhere, every hour, every day. Gold is what makes the rich richer. It is the only thing that will remain as wealth no matter what happens to our economy. So why not just accumulate gold? It is the best thing to keep you insured in economically unstable times for the price of gold will most likely soar up.

If you are looking for a price of gold per ounce chart, the Web site Goldprice.org can provide you with just that. They also have current gold rates per ounce, gram, or kilogram. On this site, gold price may be converted to 27 major currencies. They can provide you with timely silver and gold buying advice, as well.

Goldprice.org can show you the price of gold per ounce chart for the last 30 or 60 days, or even for one, five, 10, or 30 years. They also have gold futures quotes and charts, and can provide commentary on gold prices in the future. If you are interested in buying gold, Goldprice.org is the place where you can find the best prices and where you can compare eBay gold rates with eBay silver rates.

Aside from giving you the price of gold per ounce chart, Goldprice.org also has spot gold and other gold price history charts. The site can provide you with analysis of gold’s price increase or decrease. The prices used in the site are presented by various data feed providers such as xignite.com.

Goldprice.org makes use of gold prices from the 24-hour Spot Gold Bid Price (New York, London, Hong Kong, and Sydney). The default price quoted is in US dollars. This may be converted to your local currency by using the converter found on the site.