Calculate gold jewelry melt value
calculate_jewelry_valueMelt value of a gold item (ring, chain, bracelet, scrap) from its weight, unit and karat at the live spot price, in any currency. Optional dealer_spread_percent returns the likely buyer offer. The result states that melt value is not the retail or buyback price.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| unit | No | Weight unit: gram, kilogram, troy_ounce, pennyweight, grain, avoirdupois_ounce, tola, baht, baht_jewelry, chi, tael, luong, tael_taiwan, tael_china. Aliases such as g, kg, oz, ozt, dwt and kilo work. "oz" means troy ounce. | gram |
| karat | Yes | Karat: 24, 22, 21, 18, 14, 10 or 9 (any whole number 1 to 24 works; purity = karat/24). | |
| weight | Yes | Weight of the item, for example 12.5. | |
| currency | No | ISO 4217 currency code, for example USD, EUR, GBP, INR, AED, SAR, PKR, CAD, AUD. Default USD. | USD |
| dealer_spread_percent | No | Percent a buyer keeps below melt, for example 20 for an offer at 80% of melt. Default 0. |