Sell Gold Estimator
Know the estimated buyback value before you walk into the jeweller’s shop.
Note: dealers buy scrap gold below the market rate to cover melting and resale costs — adjust the discount to match the shop’s offer. In Canada, compare offers from Kitco (Montreal), Silver Gold Bull (Calgary), and local dealers. Bring your original purchase invoice and make sure the hallmark is intact for the best price. Figures are estimates.
How buyback pricing works
When you sell used gold, the dealer pays only for the gold content at below the market rate, because they carry melting, refining and resale costs plus their margin. The discount typically runs 3\u20138% off the melt value \u2014 adjust the percentage in the calculator to match the offer you hear in the shop.
Remember that the making charges you paid when buying are never recovered on resale, which is why jewellery is a weaker investment than bars. Before selling, compare at least two or three shops \u2014 in Toronto, Vancouver, Montreal or Calgary \u2014 and never accept the first offer you hear.
For the best price: bring the original purchase invoice, make sure the hallmark stamp is intact and legible, and clean the piece gently. Reputable shops test purity in front of you \u2014 avoid any that refuse.
The calculator uses today\u2019s per-gram rates by karat. Figures are estimates to strengthen your negotiation, not a binding purchase offer.
Q1. Why do dealers pay less than the market gold rate?
Dealers buy below the spot rate to cover melting, refining and resale costs, plus their margin. A 3–8% discount from the melt value is typical — use the adjustable discount to match a shop’s actual offer.
Q2. Do I need my original invoice to sell gold in Canada?
It is not legally required, but carrying the original invoice and keeping the hallmark intact makes the buy-back faster and usually gets you a better price, because the dealer can verify purity instantly.
Q3. Is it better to sell gold jewellery or melt it first?
Dealers pay for the gold content only — making charges and design value are lost on resale. Selling as-is to a reputable jeweller is simplest; melting yourself adds cost and is rarely worthwhile for small quantities.
Q4. Should I sell my gold now or wait?
That depends on your financial need and market view — this tool only estimates today’s buyback value so you can negotiate from a position of knowledge. It is not investment advice.