The value of a gold necklace depends on a variety of factors. A new necklace will sell for a price that reflects its design, brand, structure, materials, among other characteristics.
To give you an idea and with the help of this Precious Metal Calculator, the value of your 14k gold necklace (28 grams) is 628.670 USD (using the current gold price).
To figure out the value of a piece of gold jewelry, you need to determine how much the pure gold in it is worth, and this value depends on the precious metal’s price on the market.
The market price of gold changes every day, and you can look it up on a variety of websites.
Keep in mind that the gold price quoted on commodity exchanges does not reflect accurately the money you could get for your jewelry if you decide to sell it.
To get a better estimate of the value of your gold, you can reduce its current market price by about 20%-30%.
To learn more, see Jewelrynotes.com - How to Calculate the Value of a 14-Karat Gold Necklace.
Learn 5 ways you can sell old gold jewelry and coins for easy cash at Bankrate.com.