Gold Price per Gram 14K in Mali (585)

Last update: Sunday, 10 November 2024, 3:12 PM According to the time zone of Dakar

30,781.92 West African CFA Franc/Gram 14K
Live
50.32 U.S. Dollar/Gram 14K

Gold price per Gram 14K in Mali is 30,781.92 West African CFA Franc (XOF) per Gram 14K.

This page shows the current today's gold price per Gram 14K in Mali in West African CFA Franc (XOF). Gold karat 14 contains about 58.5% of gold. Gold 14K is also called 585 gold.

Gold Price per Gram 14K in Mali in West African CFA Franc and Other Major Currencies

Gold Gram 14K
West African CFA Franc 30,781.92
U.S. Dollar 50.32
Euro 46.95
British Pound 38.96

Gold Price Chart West African CFA Franc/Gram 14K

Gold Price for 14K in Mali in West African CFA Franc For Different Units (Weights)

Gold 14K
Ounce 14K 957,317.80
Gram 14K 30,781.92
Kilogram 14K 30,781,922.78
Tola 14K 358,994.17

Gold price in Mali in November 2024 in West African CFA Franc/Gram 14K

Date Gold Gram 14K
9 November 2024 30,597.05 West African CFA Franc
8 November 2024 30,926.63 West African CFA Franc
7 November 2024 30,431.26 West African CFA Franc
6 November 2024 30,922.48 West African CFA Franc
5 November 2024 30,864.65 West African CFA Franc
4 November 2024 30,986.51 West African CFA Franc
3 November 2024 30,924.52 West African CFA Franc
2 November 2024 30,887.54 West African CFA Franc
1 November 2024 31,247.26 West African CFA Franc
31 October 2024 31,602.19 West African CFA Franc
29 October 2024 31,336.48 West African CFA Franc
28 October 2024 31,126.05 West African CFA Franc
27 October 2024 31,278.27 West African CFA Franc
26 October 2024 31,196.31 West African CFA Franc
25 October 2024 31,066.98 West African CFA Franc
24 October 2024 31,150.51 West African CFA Franc
23 October 2024 30,909.36 West African CFA Franc
18 October 2024 30,632.80 West African CFA Franc
17 October 2024 30,274.16 West African CFA Franc
16 October 2024 30,061.73 West African CFA Franc
15 October 2024 29,751.09 West African CFA Franc
14 October 2024 29,867.19 West African CFA Franc
11 October 2024 29,837.59 West African CFA Franc
12 October 2024 29,839.21 West African CFA Franc
11 October 2024 29,741.99 West African CFA Franc
10 October 2024 29,195.81 West African CFA Franc
9 October 2024 29,330.78 West African CFA Franc
8 October 2024 29,622.67 West African CFA Franc
7 October 2024 29,652.77 West African CFA Franc
6 October 2024 29,698.96 West African CFA Franc

How to Calculate the Price of Gram 14K Gold in Mali

  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., 2,684)

  2. Convert the price of gold from United States dollar to West African CFA Franc

    Assume the exchange rate is 612 West African CFA Franc per United States dollar. Use the formula:

    Gold price in West African CFA Franc = Gold price in United States dollar × United States dollar to West African CFA Franc exchange rate
    Gold price in West African CFA Franc = 2,684 × 612 = 1,642,055 West African CFA Franc 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 West African CFA Franc / 31.1
    Price per gram of 24K = 1,642,055 / 31.1 ≈ 52,799.18 West African CFA Franc
  4. 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 Gram of 14K gold = Price per Gram of 24K gold × (14 / 24)
    Price per Gram of 14K gold = 52,799.18 × (14 / 24) ≈ 30,781.92 West African CFA Franc
  5. Add the manufacturing cost

    Assume making charges are 2500 West African CFA Franc per gram. The final price is:

    Final price of Gram 14K gold = Price per Gram of 14K gold + Making charges
    Final price of Gram 14K gold = 30,781.92 + 2500 = 33,281.92 West African CFA Franc
  6. Conclusion

    The price of 1 Gram of 14K gold with making charges is approximately 33,281.92 West African CFA Franc.

Gold Making Charges in Mali

In Mali, the gold making charges constitute a significant aspect of the overall cost involved in the gold market. Typically, these charges are expressed as a percentage of the gram price of gold. As of the latest data, the making charges range from 5% to 10% of the market price per gram of gold. This percentage can vary based on factors such as the purity of the gold, the intricacy of the design in the case of jewelry, and the specific practices of individual jewelers.

In terms of absolute value, assuming the market price of gold is around 60,000 CFA francs per gram, the making charges could amount to an estimated 3,000 to 6,000 CFA francs extra per gram. These charges are important for both jewelers and consumers to consider, as they directly influence the final retail price of gold items. Additionally, fluctuations in global gold prices may also impact these making charges, making it essential for buyers to stay informed about current market trends.