Gold Price Per Pennyweight — By Karat Today
| Karat | Price per pennyweight (USD) |
|---|---|
| 24K | — |
| 22K | — |
| 18K | — |
| 14K | — |
| 10K | — |
Why US Pawnshops and Jewelers Weigh Gold in Pennyweight
A pennyweight (dwt) is 1/20th of a troy ounce — about 1.555 grams — and is the everyday weighing unit at many US pawnshops and jewelry counters, where scales are often set to dwt rather than grams. If a buyer quotes you a price "per dwt" for scrap jewelry, this calculator converts that directly, so you can compare it against a per-gram or per-ounce quote from another buyer.
Other Units & Related Pages
24K Gold
Stamped 24K
22K Gold
Stamped 22K
18K Gold
Stamped 18K
14K Gold
Stamped 14K
10K Gold
Stamped 10K
Price History
Chart & trend
Cash for Gold
Selling & buyer estimate
Methodology
Data source & formula
Frequently Asked Questions
1 pennyweight equals 1/20 of a troy ounce, or about 1.555 grams (31.1035g ÷ 20).
Pennyweight is a traditional troy-weight unit carried over from the jewelry and precious-metals trade in the US — many pawnshop and jeweler scales are still set to dwt by default, so it remains common even though grams are more widely used elsewhere.
No — pennyweight (dwt) is a US/historical-British troy weight unit specific to precious metals, unrelated to coin currency. Other countries commonly use grams, tola, or baht for gold weight instead.