How Is Gold Scrap Price Calculated? Where to Buy and Sell Gold in Taiwan?

Gold scrap prices are typically based on the daily international gold price, minus fabrication fees and purity deductions; quotes vary among bullion shops. Our site lists bullion dealers, jewelry stores, and gold recycling services by region. Prices are subject to the day's store offers; this page does not constitute investment advice.

Gold Scrap Price Calculation: Gold Price, Purity, Fabrication Fees

Scrap price is based on the daily international gold price (in USD, converted to TWD) and adjusted by purity to determine fine gold content, then minus fabrication fees and losses. Common purities in Taiwan: 9999 (pure gold), 999, 916 (22K), 750 (18K), 585 (14K); higher purity means higher fine gold proportion and higher unit scrap price. Deduction methods vary among bullion shops; compare multiple offers.

Gold Bars vs. Gold Jewelry: Why Different Per-Gram Scrap Prices

Gold bars and ingots, being nearly pure and without fabrication costs, have scrap prices closer to the daily gold price; jewelry, with workmanship and settings, incurs additional deductions for fabrication and losses, resulting in lower per-gram scrap prices. For value preservation, bullion typically has narrower bid-ask spreads.

Where to Check Daily Gold Prices and Listings

The international benchmark is the LBMA Gold Price fixed twice daily; in Taiwan, retail prices correspond to the Bank of Taiwan's 'Gold Passbook' daily bid/ask quotes, while bullion shops set their own listings. The spread between bid and ask represents transaction costs; narrower spreads favor short-term trading. Actual transactions are subject to each store's daily quotes. This content is for informational purposes only and not investment advice.

FAQ

Is Gold a Good Store of Value?

Gold is often viewed as an inflation hedge, but its price fluctuates daily with international markets and may experience short-term volatility. This content is for informational purposes and not investment advice.

How Are Diamonds Valued?

Typically based on the 4Cs (carat, clarity, color, cut) and certification from reputable institutes; retaining certification is recommended.

What to Consider Before Selling Gold?

Check the daily international gold price and local listings, confirm purity (e.g., 9999, 999), and compare scrap prices and deduction policies from multiple bullion shops.

Are Scrap Prices for Gold Jewelry and Gold Bars the Same?

Generally, gold bars/ingots recover closer to the spot gold price, while jewelry incurs additional fabrication and loss deductions, resulting in slightly lower per-gram scrap prices; actual quotes depend on the store.

How much can one qian of gold be sold for?

There is no fixed number—it depends on the day's international gold price, purity (e.g., 9999, 999, 916), and the dealer's deductions, and it fluctuates daily. You can check the Bank of Taiwan gold passbook rate and the LBMA international gold price as benchmarks, then compare recovery prices from multiple stores. One qian equals approximately 3.75 grams. This page provides neutral information, not investment advice.