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We Buy Gold in Austin
Selling Made Simple
If you’re looking to sell gold in Austin — whether it’s jewelry, scrap gold, broken chains, estate pieces, or gold coins — we provide private, transparent evaluations based on current market pricing. At KP Gems, we buy gold by weight and purity, not by guesswork.
Understanding how gold is measured and valued helps you make an informed decision before selling. As a fourth generation jeweler with over forty years of experience, you can trust Kenny Phillips at KP Gems to offer you a great price.
Transparency matters. We explain exactly how your gold is evaluated so you understand the offer clearly before making a decision.
Kenny Phillips, G.G.
How Gold Weight Is Measured
Gold jewelry in the United States is typically weighed in grams or pennyweights (dwt). One pennyweight equals 1/20 of a troy ounce or 1.555 grams. Gold buyers use the troy ounce system, which differs from the standard ounce used for everyday items.
Accurate weighing is essential when calculating value. When you sell gold jewelry, the total weight is only part of the equation — purity matters just as much.
Understanding Gold Purity (Karats)
Gold purity is measured in karats (K). The higher the karat, the greater the gold content — and generally, the higher the intrinsic value per gram. However, higher karat gold is softer, so most gold jewelry is alloyed with other metals for durability.
- 24K gold = 99.9% pure
- 18K gold = 75% pure
- 14K gold = 58.5% pure
- 10K gold = 41.7% pure
How Gold Value Is Calculated
Gold buyers calculate value using: Gold Weight × Gold Purity × Current Market Price. Not all buyers use the same payout percentage. At KP Gems, we explain exactly how your gold is evaluated so you understand the offer clearly.
When evaluating gold jewelry, we test purity, verify markings, and calculate value based on current gold market price, weight, karat purity, condition, and design or resale potential. For more about selling fine jewelry rather than scrap gold, visit our Sell Jewelry page.
What Types of Gold Do We Buy?
- Gold jewelry (broken or intact)
- Estate gold pieces
- Gold coins
- Gold bracelets, rings, necklaces, and earrings
- Unwanted or inherited gold
If you are unsure whether your item has value beyond melt price, we can evaluate it privately.
Why Sell Gold to KP Gems?
Unlike mail-in gold services or anonymous storefront buyers, we operate by private appointment. This ensures:
- One-on-one evaluation
- Transparent explanation of pricing
- Fair market offers
- No pressure to sell
Before You Sell Your Gold
Consider these steps before bringing your gold in for evaluation:
- Check for hallmarks (14K, 18K, etc.)
- Separate gold from costume jewelry
- Bring all pieces — even broken items
Gold value is driven by weight and purity, not appearance alone.
Gold Weight Conversions
- 1 pennyweight (dwt) = 1.555 grams
- 1 troy ounce = 31.1035 grams
- 1 gram = 0.0321 troy ounces
- 1 kilogram = 32.1507 troy ounces
Gold Purities Reference
24K (99.9% pure): The highest quality gold available, but also the softest and most malleable, making it less suitable for everyday wear.
18K (75% pure): Popular for fine jewelry as it balances purity and durability. The remaining 25% is typically composed of alloy metals.
14K (58.5% pure): A common choice for jewelry in the United States due to its balance of gold content and durability.
10K (41.7% pure): The minimum karat legally sold as gold jewelry in the United States.
