Gold Price per Gram 21K in Ireland (875)

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

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., 2,671)

2. Convert the price of gold from United States dollar to British Pound

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

   Gold price in British Pound = Gold price in United States dollar × United States dollar to British Pound exchange rate
   Gold price in British Pound = 2,671 × 1 = 2,187 British Pound 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 British Pound / 31.1
   Price per gram of 24K = 2,187 / 31.1 ≈ 70.32 British Pound

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 = 70.32 × (21 / 24) ≈ 61.53 British Pound

5. Add the manufacturing cost

   Assume making charges are 65 British Pound 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 = 61.53 + 65 = 126.53 British Pound

Conclusion

The price of 1 Gram of 21K gold with making charges is approximately 126.53 British Pound.

Gold Making Charges in Ireland

The gold making charges in Ireland can vary widely depending on the jeweler, the design of the piece, and the complexity of the craftsmanship involved. Typically, these charges are expressed as a percentage of the gold's gram price. On average, the making charges can range from 10% to 30% of the gold price per gram.

For example, if the current price of gold is approximately €60 per gram, a jeweler might charge an additional €6 to €18 as making charges. This means that when you purchase a piece of gold jewelry, you could expect to pay anywhere from €66 to €78 per gram, including both the gold price and the making charges.

It is also worth noting that some jewelers may have a fixed making charge per piece, which could lead to different total costs depending on the weight and design of the jewelry. Therefore, consumers are encouraged to shop around and compare prices, taking into account both the gram price of gold and the associated making charges.