Gold Price per Ounce 14K in Cape Verde (585)

How to Calculate the Price of Ounce 14K Gold in Cape Verde

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 Cape Verdean escudo

   Assume the exchange rate is 101 Cape Verdean escudo per United States dollar. Use the formula:

   Gold price in Cape Verdean escudo = Gold price in United States dollar × United States dollar to Cape Verdean escudo exchange rate
   Gold price in Cape Verdean escudo = 2,721 × 101 = 275,912 Cape Verdean escudo per ounce 24K

3. 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 Ounce of 14K gold = Price per Ounce of 24K gold × (14 / 24)
   Price per Ounce of 14K gold = 275,912.37 × (14 / 24) ≈ 160,856.91 Cape Verdean escudo

4. Add the manufacturing cost

   Assume making charges are 65 Cape Verdean escudo per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 65 × 31.1 = 2,021.50
   Final price of Ounce 14K gold = Price per Ounce of 14K gold + Making charges
   Final price of Ounce 14K gold = 160,856.91 + 2,021.50 = 162,878.41 Cape Verdean escudo

Conclusion

The price of 1 Ounce 14K gold with making charges is approximately 162,878.41 Cape Verdean escudo.

Gold Making Charges in Cape Verde

In Cape Verde, the gold making charges can significantly impact the overall cost of purchasing gold jewelry. These charges are typically calculated as a percentage of the gram price of gold, reflecting the craftsmanship and labor involved in creating the pieces. Generally, the gold making charges in Cape Verde range from 10% to 20% of the gram price. For example, if the price of gold is around 5,000 Cape Verdean escudos per gram, the making charges could add between 500 to 1,000 escudos per gram, depending on the intricacy of the design and the jeweler's reputation.

It is essential for consumers to be aware of these additional costs when purchasing gold jewelry. Understanding the percentage of the making charges as well as their absolute value can help buyers make informed decisions. When shopping, it is advisable to compare prices from different jewelers and inquire about their specific making charges. This knowledge not only aids in budgeting but also ensures that customers receive fair pricing for the craftsmanship involved in their gold purchases.