If you're looking to sell some used gold pieces , the big question is always how much it's worth . Gold prices tend to rise when the economy is stagnant or when there are concerns about inflation. Whether it's gold rings, earrings, necklaces, or gold chains, selling used gold that you no longer use can easily earn you extra dollars.

First, you need to know the purity of the gold used —whether it's 10kt, 14kt, 18kt, 19.2kt, or 24kt. You also need to examine the piece for signs of wear . Even a small amount of wear on the gold can reduce its value, and if it's only a gold-plated piece , there's no point in trying to sell it.

The factors that influence the valuation of a used gold piece are:

Type of piece : The price will vary depending on the type of piece, depending on how easily resold they are. A used gold chain is worth more than a ring, for example, because it's easier to resell.

Weight of the piece: the heavier it is, the more valuable it is (gram of gold used).

Condition: if the piece has no scratches or dents, you will receive more money for it.

Antique: The older the better. However, if you're casting it, the price drops compared to a piece for resale.

Gold purity: measured in karats. The more karats a piece has, the purer and more valuable it is.

In addition to these factors, the value of your used gold varies depending on the daily gold price , which fluctuates constantly. The price of gold today is different from the previous days, and it's very likely that it will be at a different price tomorrow. In the table below, you can see the daily gold price and its price variations over the days. The value indicated is for 1 kg of gold.