Gold Price per Ounce 22K in Germany (916)

How to Calculate the Price of Ounce 22K Gold in Germany

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., 2,691)

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 = 2,691 × 1 = 2,625 Euro per ounce 24K

3. 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 Ounce of 22K gold = Price per Ounce of 24K gold × (22 / 24)
   Price per Ounce of 22K gold = 2,624.66 × (22 / 24) ≈ 2,405.76 Euro

4. Add the manufacturing cost

   Assume making charges are 65 Euro 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 22K gold = Price per Ounce of 22K gold + Making charges
   Final price of Ounce 22K gold = 2,405.76 + 2,021.50 = 4,427.26 Euro

Conclusion

The price of 1 Ounce 22K gold with making charges is approximately 4,427.26 Euro.

Gold Making Charges in Germany

In Germany, gold making charges are an important aspect to consider when purchasing gold jewelry or investments. These charges typically range from 10% to 25% of the gram price of gold, depending on various factors such as the design complexity, brand reputation, and craftsmanship involved. For example, if the current market price of gold is approximately €60 per gram, consumers might pay an additional €6 to €15 in making charges, bringing the total to around €66 to €75 per gram.

It is essential to note that these making charges can vary widely. High-end jewelry pieces with intricate designs or well-known brand names could incur higher making charges, while simpler designs may attract lower charges. Additionally, these fees contribute to the overall investment potential of the piece, as higher craftsmanship can lead to greater resale value. When buying gold in Germany, always inquire about the making charges to ensure a clear understanding of the total cost.