Frequently Asked Questions

How can I be sure that i am getting a good price for my gold?

Utah Gold Buyers has a live gold and silver feed so that you are able to see the current rate for both gold and silver right on our website.

How do I determine what karat my gold is?

The majority of gold jewelry is engraved depending on the percentage of gold in your jewelry: 10k is equivalent to 41.7%, 14k equals 58.5%, 18k equals 75.0%, 22k equals 91.6% and 24k is 100% pure gold. To ensure that you receive fair value for your items, we have equipment that enables us to find the gold purity of your jewelry.

Do all Salt Lake City gold buyers pay the same?

Not every gold buying company in Salt Lake City pays the same for gold. The price can fluctuate a great deal depending on the store. In fact, you will find that very few will pay you top dollar for gold and silver jewelry, tea sets and platinum.

How and when do you pay for the gold?

After we have determined the weight and purity of your items, Utah Gold Buyers will then make you a fair offer for your gold or silver items. If you accept our offer to buy your gold, we collect the relevant identification from you as required by law-along with a fingerprint of your right index finger. Then we will pay you in cash immediately.

How is gold purity determined?

As a measure of purity, one carat is 24 purity by mass. Therefore we have X=24 Mg/Mm, where X is the carat rating of the material, Mg is the mass of pure gold in the material, and Mm is the total mass of the material. As such, 24-carat gold is 99.9% fine gold, 21-carat gold is .875 gold, 18-carat gold is 75% gold, 14-carat gold is .585% gold, 12-carat gold is 50% gold, 10-carat gold is .417% gold, 9-carat gold is .375% gold and 8-carat gold is .333% gold.

How do I find what the price of gold is today?

Check our website or call Utah Gold Buyers at 801-679-1373 for a up-to-date gold or silver quote. We are one of the few companies that provide a no-obligation quote over the phone. This is one of the reason people are willing to go out of their way to visit us and sell their gold.

You can check the live metal prices on the top of every page of our website.

How many karats is pure gold?

Pure gold is 24 karat gold and can be further refined to 0.99, 0.999, 0.9999 or 0.99999 (finest). Pure gold is extremely soft and flexible, so most jewelry also consists of other metals to produce structure.

Let's say I decide to sell my gold, scrap gold, old jewelry items and gold bullion to Utah Gold Buyers what must I do?

Simply come to our store. You can also call us at any time at (801) 679-1373 We are more than happy to give directions and provide an estimate. Remember when you bring in your precious metals, gold and unwanted gold jewelry please have atleast (1) one form of identification (VALID-State or Federal ID, US Passport). The items you are selling must be yours and you must have the legal authority/capacity to sell them as such. We are open from Monday to Friday from 11:00am to 6:00pm and Saturdays from 11:00am to 3:00pm. We are closed Sundays and major holidays.

Will I get more for gold if it has diamonds in it?

Utah Gold Buyers pays more for gold jewelry with diamonds. Small diamonds are called melee. At today’s prices, small, quality melee diamond sells for about $70 per carat. Diamonds bigger than 0.25ct we will make you a separate offer for the stone.

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