Gold Price per Gram 14K in Albania (585)

How to Calculate the Price of Gram 14K Gold in Albania

1. Find the current price of gold per ounce 24K

   Check the gold price in United States dollar per ounce 24K from a trusted source (e.g., 2,721)

2. Convert the price of gold from United States dollar to Albanian Lek

   Assume the exchange rate is 91 Albanian Lek per United States dollar. Use the formula:

   Gold price in Albanian Lek = Gold price in United States dollar × United States dollar to Albanian Lek exchange rate
   Gold price in Albanian Lek = 2,721 × 91 = 246,741 Albanian Lek per ounce 24K

3. Calculate the price per gram of 24K gold

   Since 1 ounce equals 31.1 grams, the price per gram of 24K gold is:

   Price per gram of 24K = Gold price in Albanian Lek / 31.1
   Price per gram of 24K = 246,741 / 31.1 ≈ 7,933.78 Albanian Lek

4. Convert the price from 24K to 14K gold

   Since 14K gold is 14 parts gold out of 24, the price for 14K gold is:

   Price per Gram of 14K gold = Price per Gram of 24K gold × (14 / 24)
   Price per Gram of 14K gold = 7,933.78 × (14 / 24) ≈ 4,625.39 Albanian Lek

5. Add the manufacturing cost

   Assume making charges are 7500 Albanian Lek per gram. The final price is:

   Final price of Gram 14K gold = Price per Gram of 14K gold + Making charges
   Final price of Gram 14K gold = 4,625.39 + 7500 = 12,125.39 Albanian Lek

Conclusion

The price of 1 Gram of 14K gold with making charges is approximately 12,125.39 Albanian Lek.

Gold Making Charges in Albania

In Albania, the gold making charges fluctuate based on various factors including market demand, craftsmanship, and the specific jeweler’s policies. Typically, these charges are expressed as a percentage of the gold's gram price. On average, the making charges can range from 5% to 15% of the current market value of the gold per gram.

As of late 2023, the market price for 24K gold is approximately 8500 ALL per gram. Considering the making charges, one can expect to pay an additional 425 ALL to 1275 ALL per gram for making costs. This results in a total price of 8925 ALL to 9775 ALL per gram when including the making charges.

It is essential for consumers to inquire about these charges upfront, as they vary between jewelers. Understanding these costs provides greater clarity on the final purchase price and ensures that buyers can make informed decisions when investing in gold jewelry in Albania.