The gold spot price represents the market value of pure gold. Scrap gold payouts are lower because buyers must cover refining, handling, and operating costs.
Spot price is not a payout
Spot price is the benchmark for pure gold. Scrap gold is often mixed with other metals, so you must apply karat purity and a payout percentage.
Why payouts vary
Different buyers have different spreads, fees, and business models. That is why one offer might be 82% of spot and another might be 92%.
Estimate before you sell
Use the Scrap Gold Calculator to model offers quickly. You can also confirm the scrap gold price per gram before comparing quotes.