Gold Price per Gram 22K in Aruba (916)

How to Calculate the Price of Gram 22K Gold in Aruba

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., 2,673)

2. Convert the price of gold from United States dollar to Aruban Florin

   Assume the exchange rate is 2 Aruban Florin per United States dollar. Use the formula:

   Gold price in Aruban Florin = Gold price in United States dollar × United States dollar to Aruban Florin exchange rate
   Gold price in Aruban Florin = 2,673 × 2 = 4,819 Aruban Florin 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 Aruban Florin / 31.1
   Price per gram of 24K = 4,819 / 31.1 ≈ 154.94 Aruban Florin

4. Convert the price from 24K to 22K gold

   Since 22K gold is 22 parts gold out of 24, the price for 22K gold is:

   Price per Gram of 22K gold = Price per Gram of 24K gold × (22 / 24)
   Price per Gram of 22K gold = 154.94 × (22 / 24) ≈ 142.02 Aruban Florin

5. Add the manufacturing cost

   Assume making charges are 35 Aruban Florin per gram. The final price is:

   Final price of Gram 22K gold = Price per Gram of 22K gold + Making charges
   Final price of Gram 22K gold = 142.02 + 35 = 177.02 Aruban Florin

Conclusion

The price of 1 Gram of 22K gold with making charges is approximately 177.02 Aruban Florin.

Gold Making Charges in Aruba

The gold making charges in Aruba are an important aspect to consider when purchasing gold jewelry. These charges typically reflect the craftsmanship and design involved in creating the pieces. As a percentage of the gram price, gold making charges usually range from 5% to 15%. This variation depends on factors such as the complexity of the design and the reputation of the jeweler.

In terms of absolute value, if the price of gold is approximately AFL 300 per gram, the making charges could add an extra AFL 15 to AFL 45 per gram, depending on the complexity and detailing of the piece. For instance, if a piece of gold jewelry weighing 10 grams is purchased, the total gold price alone would be AFL 3,000. With an assumed making charge of 10%, the additional cost would be AFL 300, bringing the total to AFL 3,300.

It is advisable for buyers to inquire about these charges beforehand and consider them when budgeting for a gold purchase in Aruba.