Gold buyback in Dakar is nothing like a price set "by feel": it's a precise calculation that you can check yourself. Yet many sellers accept an offer without ever asking how it was reached. That's exactly where money gets lost.
| Karat | Purity | Price per gram (spot, USD) | Jayma Or buy-back price |
|---|---|---|---|
| … | |||
Do you have a broken chain, a forgotten ring, or old jewelry to sell? Their value depends neither on their age nor their style, but on just three numbers. If you know them, no one can offer you an unfair price.
At Jayma Or, we buy back gold every day in Dakar: jewelry, broken gold, scrap, coins, and bars. We test, we weigh in front of you, we explain the price, and we pay cash, the same day. Here, with full transparency, is how buyback works and how the price per gram is really set.
In this guide, you'll discover:
- the exact gold buyback formula: weight × purity × the day's rate;
- why the karat changes everything in gold buyback per gram;
- how the testing and weighing unfold, step by step;
- the pitfalls to avoid so you never sell below a fair price.
How gold buyback works in Dakar
The principle is simple: when you sell a piece, it's not the piece that's bought, but the gold it contains. The craftsmanship, the brand, or the design don't come into play. Only the amount of pure gold counts, and its price on the world market on the day of the sale.
In practice, a serious gold buyback always follows the same steps: we identify the karat, we weigh the piece on a precise scale, we check the day's rate, then we calculate. Nothing is left to chance, and everything must be able to be shown to you.
The price per gram: the formula weight × purity × rate
Here's the heart of the matter, and the basis of all gold buyback per gram. The value of your gold is calculated like this:
Weight (in grams) × purity (the karat) × the day's price per gram = the value of your gold.
Each of these three elements counts:
- The purity (the karat). 24-karat gold is 99.9% pure. 21-karat gold contains 87.5% gold, 18-karat gold 75%, and 14-karat gold 58.3%. The higher the karat, the more gold the piece contains, and the higher the gold buyback price climbs.
- The exact weight. The piece is weighed to the gram, and even to the tenth of a gram. An estimate "by eye" has no value.
- The day's rate. The price of gold changes every day according to the world market. It's the rate that sets the price per gram.
Want a reliable benchmark before selling? Check the gold rate in Senegal today, displayed karat by karat on our home page. It's your best protection: a clear reference to compare any offer against.
The karat changes everything: a concrete example
Take two chains of the same weight. One is 18 karat (75% gold), the other 14 karat (58.3% gold). At equal weight, the first contains noticeably more gold: its buyback price will therefore be higher. It's logical, and that's why knowing the karat of each piece is the first step.
Try it: look for the hallmark on your piece (24K, 21K, 18K, 14K, or the numbers 999, 875, 750, 585). Can't find it? No worries: a quick test determines the karat precisely, without damaging the piece. To go further, you can estimate right now how much your gold jewelry is worth.
Testing, weighing, and payment: how it unfolds in front of you
A transparent gold buyback always happens before your eyes. Here's how it unfolds at Jayma Or, in our gold buying counter:
- The karat test. We check the purity of each piece, in front of you.
- Precise weighing. Your jewelry is weighed on a professional scale, and you see the weight appear on the display.
- The explained calculation. We apply the formula weight × purity × rate, and we show you how we arrive at the amount.
- Cash payment. Once the price is accepted, you're paid in cash, the same day, usually within a few minutes.
If someone refuses to show you the test, the weighing, or the calculation, that's a red flag. Transparency isn't a favor: it's the foundation of an honest buyback.
The mistakes that lower your price
Here are the most common pitfalls, and how to avoid them:
- Accepting the first offer without a reference. Always check the day's rate before selling.
- Selling without knowing the karat. Without the karat, it's impossible to judge whether the offer is fair.
- Relying on an estimate "by eye". Insist on a real weighing on a scale.
- Selling to a stranger outside a professional place. The safety risk is never worth a few extra francs.
For the complete method, step by step, also read our guide: how to sell my jewelry in Dakar.
Frequently Asked Questions
How do I find out the buyback price of my gold per gram?
Multiply the weight of your piece by the purity percentage of its karat, then by the day's price per gram. The updated rate, karat by karat, is displayed on our home page.
Is the buyback price the same as the price paid at a jeweler's?
No. At a jeweler's, you pay the gold + the craftsmanship + the brand + the margin. At buyback, only the gold actually contained in the piece counts, valued at the day's rate.
Does the karat really affect the price much?
Yes, strongly. At equal weight, an 18-karat piece (75% gold) is worth more than a 14-karat piece (58.3%). That's why we always test the karat before putting a number on anything.
Can I sell a broken or damaged piece?
Of course. Broken gold, scrap, mismatched jewelry, coins, and bars: it's the amount of gold that counts, not the cosmetic condition.
When do I get paid?
The same day. Once the piece is tested, weighed, and the price accepted, payment is made in cash, usually within a few minutes.
Take action: get your free estimate
You now know exactly how gold buyback works in Dakar and how the price per gram is calculated. All that's left is to check it on your own jewelry.
Get a free, no-obligation estimate: send a photo of your jewelry via WhatsApp to +221 78 111 66 87, or book an appointment. We test, weigh, and pay cash the same day — and if you can't travel, we'll send a trusted courier to you.
First check the day's rate, then write to us: in a few minutes, you'll know what your gold is really worth, down to the gram.