Gold is trading near $4,620 an ounce and silver is around $74 an ounce as May opens. For New Jersey sellers, the short version is simple: gold cooled from the mid-April rush, silver is still jumpy, and both metals are high enough to check old jewelry, coins, and sterling.
Friday's market scrape and Miner feed pointed to the same theme: silver price movement. Miner also flagged a converting "gold silver" query.
Current prices as of May 1, 2026
Our metals feed showed these prices around 2:02 a.m. Eastern on May 1:
| Metal | Spot price per oz | Approx. spot per gram | 7-day read |
|---|---|---|---|
| Gold | $4,620.10 | $148.54 | Roughly flat |
| Silver | $74.14 | $2.38 | Slightly higher |
| Platinum | $1,986.00 | $63.85 | Higher |
| Palladium | $1,535.00 | $49.35 | Higher |
JM Bullion showed gold at $4,639.69 and silver ask at $75.02 around midnight.
What moved this week's market
The Friday scrape found a top article saying silver moved toward $74 as peace talks broke down and the dollar rose. Other coverage focused on gold recovering after a dip, with Fed rate debate and inflation worries still keeping metals in play.
Compared with our mid-April update, gold is down about 4% from the $4,800 area and silver is down about 6% from the $79 area. That is a pullback, not a collapse.
What this means for jewelry, coins, and sterling
At $4,620 gold, one gram of pure 24K gold is worth about $148.54 before any buyer margin. One gram of 14K gold contains about $86.65 in gold content before the buy spread.
| Karat | Pure gold % | Melt value per gram | Typical 70% to 80% range |
|---|---|---|---|
| 10K | 41.7% | $61.89 | $43.32 to $49.51 |
| 14K | 58.3% | $86.65 | $60.65 to $69.32 |
| 18K | 75.0% | $111.41 | $77.99 to $89.13 |
| 24K | 99.9% | $148.39 | $103.87 to $118.71 |
For silver, a 100-gram sterling piece has about $220 in silver content before buyer margin. Pre-1965 silver coins, rounds, trays, and flatware sets are still worth a closer look. For background, read how much 1 oz of gold is worth and our selling silver in NJ guide.
The competitor gap this week
Most local gold buyer pages still say some version of "we pay based on spot price." That is fine, but it leaves out what sellers need: what does spot mean for a 14K chain, a sterling tray, or a roll of silver quarters today? Current numbers beat vague promises.
FAQ
Is May 2026 a good time to sell gold in NJ? Yes, if you have pieces you do not wear and want a current quote. Gold is below mid-April levels, but still historically strong.
Is silver worth selling right now? Silver is still strong near $74 an ounce. Sterling, silver coins, and bullion should be weighed instead of guessed at.
Why does my 14K gold not pay the full gold price? The spot price is for pure 24K gold. 14K gold is 58.3% gold, then buyers factor in refining cost and margin.
Where can I sell gold or silver in New Jersey? Bring gold, silver, coins, and jewelry to Cash 4 Gold Trading Post locations in Brick, Millstone, Middlesex, East Brunswick, and New Brunswick. We test and weigh items in front of you.
This post was updated May 1, 2026 with current feed pricing and Friday scrape signals.
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