Gold is tested for its purity, measured in karats. 24K is pure gold ( ), while 14K is approximately

Pawn shops rarely pay the full market spot price. Typical payout ranges include: Where to sell gold jewelry? | Augusta, GA - Facebook

gold. Shops use acid tests or electronic testers to verify this.

Items are weighed on precise scales, typically in grams or pennyweights.

This is the current international market price for pure gold, which fluctuates daily.

Pawn shops primarily value gold based on its —the raw value of the metal if it were melted down—rather than what you originally paid at retail.