How Do Pawn Shops Buy Gold Today

Pawn shops buy gold by evaluating its "melt value"—the raw value of the metal—and typically offer between of that market price . Unlike jewelry stores, which may value brand or design, pawn shops primarily focus on the intrinsic value of the gold content itself to ensure they can profit even if they have to sell the item to a refinery. The Evaluation Process

: To confirm the stamp is accurate, shops use: how do pawn shops buy gold

: Since gold is non-magnetic, a strong magnet is used to quickly rule out many fakes. Pawn shops buy gold by evaluating its "melt

: Scratching the gold on a testing stone and applying acid. If the mark remains, it matches that karat level. : Scratching the gold on a testing stone and applying acid

: Brokers look for hallmarks (stamps like 10K, 14K, or 18K) that indicate the gold's purity.

: Expect an offer of $32–$38 per gram for 10K gold or $56–$72 per gram for 18K gold, depending on current market fluctuations.