How do gold buyers calculate what they pay?

Pricing · 2026-11-01

Gold buyers calculate most jewelry offers from tested karat, weight in grams, and the current gold market. There is no single dollar-per-gram rate that stays true for every karat all day. At Hillcroft Gold Buyers you can watch the test and the scale, then accept or decline with no fee.

The three inputs that matter

Karat is purity. 24K is pure gold. 14K is a smaller share of gold in the same gram than 18K or 22K. A stamp is a clue. We still test, because stamps can be worn or wrong.

Weight is measured in grams on the store scale. You should be able to see that reading. A heavier 10K chain can be worth more than a tiny 18K charm. Purity and weight work together.

The market moves. An offer on Tuesday is not a promise for Friday. That is also why a phone range, built from what you describe, can change once the items are tested.

What “percent of spot” actually means

Spot is the wholesale quote for pure gold. It is not the price of a 14K bracelet in a jewelry case, and it is not a number a buyer can pay in full on mixed jewelry and still stay in business. Refining, testing, and resale sit between the market quote and the cash in your hand.

Be wary of a shop that advertises one percentage for every item before anyone tests it. A fair buyer shows purity, grams, and the cash offer, and does not add a fee afterward. We do not publish a fixed percentage or a fixed price per gram.

How to compare two Houston offers

Write down four lines at each counter: tested karat, grams, cash offer, and any fee. Compare the cash you would actually leave with. If one buyer will not test in front of you, you do not have the same information.

Diamonds, a signed piece, or a Rolex are not priced only as scrap. Ask which part of the offer is metal and which part is the stone or the watch.

Questions about this

How much do gold buyers pay per gram in Houston?

It changes with karat and the gold market. We test purity, weigh in grams, and explain the cash offer. We do not post a fixed dollar-per-gram rate.

Do gold buyers pay spot price?

Spot is the quote for pure gold. A jewelry offer is based on tested purity and weight against that market. It is not the full spot price of pure gold, and it is not a retail price.

Can I watch the test?

Yes. Hillcroft Gold Buyers tests and weighs in front of you at 2900 Hillcroft Ave.

Will a phone quote match the counter?

Not always. The phone number is a range. The offer follows the in-store test and scale.

Visit the store

2900 Hillcroft Ave, Houston, TX 77057. Open 24 hours, 7 days a week. Parking is on site. Call (832) 965-9373.

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