Gold Price per Gram 21K in Austria (875)

How to Calculate the Price of Gram 21K Gold in Austria

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 Euro

   Assume the exchange rate is 1 Euro per United States dollar. Use the formula:

   Gold price in Euro = Gold price in United States dollar × United States dollar to Euro exchange rate
   Gold price in Euro = 2,721 × 1 = 2,503 Euro 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 Euro / 31.1
   Price per gram of 24K = 2,503 / 31.1 ≈ 80.48 Euro

4. Convert the price from 24K to 21K gold

   Since 21K gold is 21 parts gold out of 24, the price for 21K gold is:

   Price per Gram of 21K gold = Price per Gram of 24K gold × (21 / 24)
   Price per Gram of 21K gold = 80.48 × (21 / 24) ≈ 70.42 Euro

5. Add the manufacturing cost

   Assume making charges are 65 Euro per gram. The final price is:

   Final price of Gram 21K gold = Price per Gram of 21K gold + Making charges
   Final price of Gram 21K gold = 70.42 + 65 = 135.42 Euro

Conclusion

The price of 1 Gram of 21K gold with making charges is approximately 135.42 Euro.

Gold Making Charges in Austria

In Austria, when purchasing gold jewelry, consumers often encounter additional costs in the form of making charges. These charges typically constitute a percentage of the gold gram price and can vary significantly depending on the retailer and the complexity of the jewelry design.

As of recent data, making charges on gold jewelry in Austria generally range from 10% to 20% of the gold gram price. For instance, if the current gold price is approximately €60 per gram, the making charges could add an extra €6 to €12 per gram to the total cost. This means a customer might pay between €66 to €72 per gram when factoring in these charges.

It's important for consumers to shop around and compare prices from different jewelers, as making charges can vary based on craftsmanship and design intricacies. Additionally, consumers should always inquire about the transparency of these charges to ensure they are getting a fair deal on their gold jewelry purchases.