Resources > Newsletters > February No Reserve

 

Opal Auctions No Reserve Items
	Top Rare Pattern Black Opal NR$1
	STUNNING CRYSTAL BOULDER OPAL MINED 1970S NR$1
	GEM CRYSTAL FOSSIL SHELL OPAL FROM COOBER PEDY NR$1
VIDEOS ARE NOW ON GEMROCKAUCTIONS! NR$1
	Parcel good Gemstones NR$1
	Stunning Bi colour Citrine NR$1
Gem Rock Auctions No Reserve Items
	HEAVY 9 K GOLD CHAIN, 55 CM LONG 56.6 GRAMS NR$1
	9K GOLD CHAIN, 60 CM LONG 22 GRAMS NR$1
	9 K GOLD CHAIN, 50 CM LONG 6.8 GRAMS NR$1
	2PCS STUNNING 9K GOLD CHARM SCISSORS/COMB NR$1

 

Have you ever wondered how to price gold cost per gram?

 

TO FIND GOLD CONTENT AND DOLLAR VAULE USE THE FOLLOWING FORMULA:

KARAT DIVIDED BY 24, MULTIPLIED BY SPOT PRICE, AND DIVIDED BY 20 EQUALS THE PRICE PER PENNYWEIGHT.

EXAMPLE: 9K DIVIDED BY 24 EQUALS .375

.375 MULTIPLIED BY $921 (SPOT PRICE) EQUALS $345.37

$345.37 DIVIDED BY 20 EQUALS $17.26 (PRICE PER PENNYWEIGHT)
$17.26 x..643 equal $11.09 per gram Gold cost for average small gold chain .
To manufacture chain at US$921.0 per ounce
9k chain would cost $13.29 per gram to make in factory
Today shops discount sale price is $19.95 per gram
When will gold be $1,000 per ounce?

Last Update: February 18, 2008