Gold Price per Ounce 24K in Mali (999)

Last update: Sunday, 10 November 2024, 3:56 PM According to the time zone of Dakar

1,642,054.54 West African CFA Franc/Ounce 24K
Live
2,684.28 U.S. Dollar/Ounce 24K

Gold price per Ounce 24K in Mali is 1,642,054.54 West African CFA Franc (XOF) per Ounce 24K.

This page shows the current today's gold price per Ounce 24K in Mali in West African CFA Franc (XOF). Gold karat 24 is the most pure and the most expensive form of gold. It contains about 99.9% of gold. Gold 24K is also called 999 gold.

Gold Price per Ounce 24K in Mali in West African CFA Franc and Other Major Currencies

Gold Ounce 24K
West African CFA Franc 1,642,054.54
U.S. Dollar 2,684.28
Euro 2,504.46
British Pound 2,078.11

Gold Price Chart West African CFA Franc/Ounce 24K

Gold Price for 24K in Mali in West African CFA Franc For Different Units (Weights)

Gold 24K
Ounce 24K 1,642,054.54
Gram 24K 52,799.18
Kilogram 24K 52,799,181.44
Tola 24K 615,770.45

Gold price in Mali in November 2024 in West African CFA Franc/Ounce 24K

Date Gold Ounce 24K
9 November 2024 1,632,192.45 West African CFA Franc
8 November 2024 1,649,773.91 West African CFA Franc
7 November 2024 1,623,348.57 West African CFA Franc
6 November 2024 1,649,552.56 West African CFA Franc
5 November 2024 1,646,467.43 West African CFA Franc
4 November 2024 1,652,968.01 West African CFA Franc
3 November 2024 1,649,661.51 West African CFA Franc
2 November 2024 1,647,688.49 West African CFA Franc
1 November 2024 1,666,877.78 West African CFA Franc
31 October 2024 1,685,811.59 West African CFA Franc
29 October 2024 1,671,637.06 West African CFA Franc
28 October 2024 1,660,412.14 West African CFA Franc
27 October 2024 1,668,532.05 West African CFA Franc
26 October 2024 1,664,160.20 West African CFA Franc
25 October 2024 1,657,260.63 West African CFA Franc
24 October 2024 1,661,716.63 West African CFA Franc
23 October 2024 1,648,852.72 West African CFA Franc
18 October 2024 1,634,099.37 West African CFA Franc
17 October 2024 1,614,968.03 West African CFA Franc
16 October 2024 1,603,636.16 West African CFA Franc
15 October 2024 1,587,064.81 West African CFA Franc
14 October 2024 1,593,258.33 West African CFA Franc
11 October 2024 1,591,679.48 West African CFA Franc
12 October 2024 1,591,765.99 West African CFA Franc
11 October 2024 1,586,579.35 West African CFA Franc
10 October 2024 1,557,443.78 West African CFA Franc
9 October 2024 1,564,643.91 West African CFA Franc
8 October 2024 1,580,214.26 West African CFA Franc
7 October 2024 1,581,820.06 West African CFA Franc
6 October 2024 1,584,283.93 West African CFA Franc

How to Calculate the Price of Ounce 24K 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. Add the manufacturing cost

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

    Making charges = making charges per gram × 31.1
    Making charges = 2500 × 31.1 = 77,750.00
    Final price of Ounce 24K gold = Price per Ounce of 24K gold + Making charges
    Final price of Ounce 24K gold = 1,642,054.54 + 77,750.00 = 1,719,804.54 West African CFA Franc
  4. Conclusion

    The price of 1 Ounce 24K gold with making charges is approximately 1,719,804.54 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.