: High-end shops use X-ray fluorescence machines for a non-destructive, precise reading of the metal's composition.
: Expect an offer of $32–$38 per gram for 10K gold or $56–$72 per gram for 18K gold, depending on current market fluctuations. how do pawn shops buy gold
: Gold is weighed using precise digital scales, often measured in grams or troy ounces (31.1 grams). : High-end shops use X-ray fluorescence machines for
: Since gold is non-magnetic, a strong magnet is used to quickly rule out many fakes. : Since gold is non-magnetic, a strong magnet
When you bring gold to a pawn shop, the broker follows a systematic appraisal:
: Scratching the gold on a testing stone and applying acid. If the mark remains, it matches that karat level.
Pawn shops do not pay the full market price because they must cover overhead, storage, and the risk of gold prices dropping.