Gold scrap (lom) price today: how buy-back quotes are calculated

What counts as gold scrap

Scrap is any gold a buyer accepts as metal, regardless of the item's form: broken or outdated jewelry, a single earring, a damaged chain, dental gold.

When scrap is valued, only two things matter: weight and hallmark. Design, brand and craftsmanship do not count toward a scrap price.

How the scrap price is formed

The calculation starts from the official CBA XAU rate — the price of 1 gram of pure 999 gold. From it comes the estimated value of your hallmark: for 585, the official number is multiplied by 0.585.

The buyer then subtracts their discount — the margin — from that estimated value. The size of this discount is what separates a good offer from a bad one: the smaller the gap from the calculated baseline, the better the price for you.

Why scrap prices sit below the official rate

• The buyer prices in verification and melting costs
• Margin — business income and risk coverage
• Hallmark uncertainty risk when the stamp is old or missing
• A liquidity buffer: the price can move before the metal is resold
• Weight deductions for stones, springs and non-gold parts

How to value your gold before selling

• Confirm the hallmark — check the stamp (585, 750, 999)
• Weigh the item, or ask for it to be weighed in front of you
• Multiply the weight by the same-day per-gram estimate for your hallmark on voskugin.am
• That number is your negotiation baseline: a buy-back offer will be below it, but the gap should be reasonable
• Compare offers from at least 2-3 buyers: a bank, a pawnshop, a jeweler

Where gold scrap is accepted

In Armenia, scrap is accepted by banks, pawnshops, jewelry workshops and market buyers. Each has its own margin and terms: pawnshops are usually faster, banks more predictable.

Whoever you sell to, the reference point is always the same: the same-day official XAU baseline. If an offer is far from it, keep looking.