Gold Price per Gram 21K in Hong Kong (875)

How to Calculate the Price of Gram 21K Gold in Hong Kong

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., 2,674)

2. Convert the price of gold from United States dollar to Hong Kong Dollar

   Assume the exchange rate is 8 Hong Kong Dollar per United States dollar. Use the formula:

   Gold price in Hong Kong Dollar = Gold price in United States dollar × United States dollar to Hong Kong Dollar exchange rate
   Gold price in Hong Kong Dollar = 2,674 × 8 = 20,822 Hong Kong Dollar 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 Hong Kong Dollar / 31.1
   Price per gram of 24K = 20,822 / 31.1 ≈ 669.52 Hong Kong Dollar

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 = 669.52 × (21 / 24) ≈ 585.83 Hong Kong Dollar

5. Add the manufacturing cost

   Assume making charges are 75 Hong Kong Dollar 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 = 585.83 + 75 = 660.83 Hong Kong Dollar

Conclusion

The price of 1 Gram of 21K gold with making charges is approximately 660.83 Hong Kong Dollar.

Gold Making Charges in Hong Kong

In Hong Kong, the gold making charges, often referred to as the craftsmanship or fabrication charge, represent a significant aspect of the overall cost of purchasing gold jewelry. These charges are usually calculated as a percentage of the gold gram price, and can vary depending on the complexity of the design, the retailer, and market conditions.

Typically, the gold making charges in Hong Kong range from 5% to 15% of the gold gram price. For example, if the gold price per gram is approximately HKD 600, the making charges might add around HKD 30 to HKD 90 to the final cost, resulting in a total price ranging from HKD 630 to HKD 690 per gram of jewelry.

It's important for consumers to understand that these charges can vary widely between different jewelers and can be influenced by factors such as the reputation of the brand and the intricacy of the piece. Therefore, it's advisable to compare prices and charges before making a purchase.