Gold Price Per Gram

To know how much gold price per gram in the market, consumers or investors usually ask to store gold. However, if the note is right, they will get the gold price at each store varies. Finally, consumers or investors felt confused. It helps us to find out in advance the spot price of gold at an international level. We can find the spot price of gold in the international gold trading exchanges. Or a variety of websites that provide information on the current gold price.

Wearing gold jewelry is adorned with a save. Historically, the price of gold increased from time to time. Buying gold jewelry, is very different from buying other items. The goods in the supermarket price is not too volatile and is usually a fixed price is not negotiable. While buying gold jewelry, it is usually still have to haggle. Buying gold jewelry also involve large sums of money, so the determination of the price agreed by the buyer requires prudence.

Before giving a quote, we should see the market price of gold and the dollar exchange rate for the day first. One source of reliable information is bloomberg.com. For the price of gold can be found in the price of commodities, and for the other currencies exchange rate can be found in the Exchange Rate calculator. Gold prices listed in Bloomberg stated in units of troy ounce, equivalent to 31.1 grams.

If you already know the buying price of gold at an international level, so if we are going to buy gold, we can estimate how much the store to take advantage. The less the difference between the price of gold at a price stores, meaning the cheaper the gold that we will buy later.

Calculate Price of Physical Gold Bars (especially the 24-carat gold)
To be able to calculate the price of gold and silver prices, we must first look at his per Troy Ounce.
1 Troy Ounce = 31.01 Grams (or 1 toz = 31.1 grams)

How to calculate the price of gold per gram:

Suppose the price of gold per day SPOT is $ 1720.3 (The list can we get in www.kitco.com or www.goldprice.com). So the price of gold = $ 1720.3/31.1 = $ 53,315 per gram.

For 24 karat gold (24k gold), the gold content is 99.9%. So the price of the precious metal above multiplied by 0.999.

Because of the high gold now, gold jewelry that are circulating right now is gold 75% (or 18 karat gold/18k gold). All white gold is the standard of 75%. The price per gram is the price of the precious metal above multiplied by 0.75.

The price is the middle price. For the seller, the price is still to be added margin negotiable amount per gram.

Margin and Cost of Making / Production

For jewelry, in addition to the seller's profit margins, coupled with the cost of manufacture, which also can be negotiable amount per gram it. Margin range and cost of manufacture varies, depending clever we bargain. The amount ranges from 1:57 U.S. dollars (margin and cost of manufacture) up to $ 6.31 per gram. If we're quite good bargain, it will usually be given a price margin + cost of manufacture 1:57 U.S. dollars per gram. If you are not good at bargaining, generally will be "lost" at $ 6.31 per gram.

Sell Back

If the current owner wants to sell it to a gold shop, the store will only calculate the market price of gold per gram. So the price received by the former owners will cut the margin and cost of manufacture.