Gold Price per Ounce 14K in Georgia (585)

How to Calculate the Price of Ounce 14K Gold in Georgia

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 Georgian lari

   Assume the exchange rate is 3 Georgian lari per United States dollar. Use the formula:

   Gold price in Georgian lari = Gold price in United States dollar × United States dollar to Georgian lari exchange rate
   Gold price in Georgian lari = 2,673 × 3 = 7,565 Georgian lari 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 = 7,564.54 × (14 / 24) ≈ 4,410.13 Georgian lari

4. Add the manufacturing cost

   Assume making charges are 125 Georgian lari per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 125 × 31.1 = 3,887.50
   Final price of Ounce 14K gold = Price per Ounce of 14K gold + Making charges
   Final price of Ounce 14K gold = 4,410.13 + 3,887.50 = 8,297.63 Georgian lari

Conclusion

The price of 1 Ounce 14K gold with making charges is approximately 8,297.63 Georgian lari.

Gold Making Charges in Georgia

In Georgia, the gold making charges play a significant role in determining the final price of gold jewelry. Typically, these charges are expressed as a percentage of the gram price of gold. On average, the gold making charges range from 10% to 20% of the gold's gram price, depending on the complexity of the design and craftsmanship involved.

For instance, if the current market price of gold is around 300 GEL per gram, the making charges would approximately add an additional 30 to 60 GEL per gram. This brings the total cost of the gold jewelry from the base price of the gold itself to an overall expense that incorporates these charges.

It's essential for consumers to be aware of these additional costs. The making charges can vary significantly based on the jeweler, the type of gold (such as 14K, 18K, or 22K), and the specific design features. Shoppers in Georgia should inquire about these charges upfront to avoid surprises when purchasing their gold items.