Spot price
The spot price is a market reference for fine precious metal. It changes through the trading day and is normally quoted for pure metal rather than finished jewellery.
Free UK precious-metal value tool
Gold & Silver Scrap Metal Calculator UK
Estimate the indicative intrinsic value of gold or silver in GBP from weight and purity. This calculator is for precious metals; it does not calculate industrial base metals such as copper, brass, aluminium or steel.
Current spot-market referenceGBP valuesNo obligation
The figure is an indicative intrinsic metal value, not a guaranteed purchase offer. Branded, signed, gemstone-set, antique or collectable pieces may be worth more than their metal content.
Live-value calculator
Check your indicative metal value
Fine gold referenceLoading…
Fine silver referenceLoading…
Indicative intrinsic metal value£0.00
Enter a weight to calculate the estimated intrinsic value at the current reference price.
Waiting for current market data.
Estimate only, not a purchase offer or guaranteed price. Spot and FX prices can move, third-party data may be delayed, and any Imperial Time offer is confirmed only after specialist review, testing and inspection.
Get My Specialist ValuationCurrent reference values
Today’s indicative value per gram
The table and calculator use the same spot-price and GBP reference object so their values remain aligned.
| Gold | Hallmark | Value / g |
|---|---|---|
| 9ct | 375 | Loading… |
| 14ct | 585 | Loading… |
| 18ct | 750 | Loading… |
| 22ct | 916 | Loading… |
| 24ct | 999 | Loading… |
| Silver | Hallmark | Value / g |
|---|---|---|
| 500 | 500 | Loading… |
| 800 | 800 | Loading… |
| 900 | 900 | Loading… |
| Sterling | 925 | Loading… |
| Britannia | 958 | Loading… |
| Fine | 999 | Loading… |
Reference values exclude dealer margins, refining or testing costs and any premium attributable to brand, gemstones, design, condition, rarity or collectability.
Understand the number
Spot price, intrinsic value and an actual dealer offer are different
Intrinsic / melt value
The calculator adjusts the fine-metal reference for the item’s stated purity and weight. This estimates the value of the precious-metal content itself.
Dealer valuation or offer
An actual offer can differ after testing, inspection, refining considerations and market movements. Resale, brand or collectable value may also make a piece worth more than melt value.
Purity guide
Gold carat and silver hallmark guide
Hallmarks help identify metal fineness. Gold is commonly described by carat and millesimal fineness; silver by fineness marks such as 925, 958 and 999.
Gold
375 = 9ct / 37.5%
585 = 14ct / 58.5%
750 = 18ct / 75.0%
916 = 22ct / 91.6%
999 = 24ct / 99.9%
Silver
500 = 50.0%
800 = 80.0%
900 = 90.0%
925 = Sterling / 92.5%
958 = Britannia / 95.8%
999 = Fine / 99.9%
A hallmark is useful evidence of stated fineness, but Imperial Time may still test or inspect an item before making an offer.
Transparent calculation
How the calculator works
Indicative intrinsic value = weight in grams × precious-metal purity × current fine-metal value per gram
Example formula for 10g of 9ct gold: 10g × 0.375 × current fine-gold £/g.
The current fine-metal value per gram is derived from the latest available spot-market reference converted to GBP. The same rate object powers the calculator, table and examples.
Worked examples
What could common weights be worth at the current reference price?
These examples update automatically from the same pricing used by the calculator.
Do not scrap value you cannot replace
Could Your Jewellery Be Worth More Than Scrap?
Raw metal value is only one component of value. Signed or branded jewellery, luxury watches, diamond or gemstone-set pieces, antique and period jewellery, unusual craftsmanship, coins and collectable objects can command a premium above their intrinsic metal content.
Before selling solely for metal value, consider whether the maker, brand, stones, rarity, design, condition, provenance or resale demand could make the piece worth more. Imperial Time can assess the complete item rather than assuming it should be melted.
Kensington specialist valuation
Before You Scrap It, Let Imperial Time Check It
Bring the item to our Kensington showroom or start with an enquiry. A specialist can assess purity, condition, stones, brand and resale value before you decide how to sell.
Questions answered
Frequently asked questions
What metals does this scrap metal calculator cover?
This Imperial Time calculator covers gold and silver precious metals. It is not an industrial base-metal calculator and does not price copper, brass, aluminium, steel or similar materials.
How does a precious-metal scrap calculator work?
It multiplies weight by purity and by the current fine-metal value per gram. This produces an indicative intrinsic-value reference, not a guaranteed purchase price.
Why does purity change the result?
A lower-purity alloy contains less fine precious metal at the same total weight. For example, 9ct gold is 37.5% fine gold while 18ct gold is 75%.
Are the gold and silver values updated?
The page requests current spot-market references and a GBP conversion rate. If a live request temporarily fails, a recent session-cached reference may be shown and is clearly labelled.
Is the calculated value the amount Imperial Time will pay?
No. The result is an indicative intrinsic metal value. Any purchase offer is confirmed only after specialist review, testing and inspection.
Could a watch or piece of jewellery be worth more than the metal value?
Yes. Brand, maker, gemstones, rarity, design, condition, provenance and collectability can make a complete item worth substantially more than its melt value.
Next step
Calculate, compare and choose how to sell
Use the most relevant Imperial Time calculator, valuation and selling service for your item.
Gold Scrap CalculatorCheck 9ct–24ct intrinsic gold value
Silver Scrap CalculatorCheck Sterling, Britannia and fine silver
Sell Gold in LondonSpecialist gold assessment in KensingtonSell Silver & Precious MetalsSilver, platinum and palladium valuationsSell to Imperial TimeWatches, jewellery, diamonds and precious metals