Gold Price per Gram 22K in Mauritania (916)

How to Calculate the Price of Gram 22K Gold in Mauritania

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., 2,715)

2. Convert the price of gold from United States dollar to Mauritanian ouguiya

   Assume the exchange rate is 357 Mauritanian ouguiya per United States dollar. Use the formula:

   Gold price in Mauritanian ouguiya = Gold price in United States dollar × United States dollar to Mauritanian ouguiya exchange rate
   Gold price in Mauritanian ouguiya = 2,715 × 357 = 969,376 Mauritanian ouguiya 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 Mauritanian ouguiya / 31.1
   Price per gram of 24K = 969,376 / 31.1 ≈ 31,169.66 Mauritanian ouguiya

4. 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 Gram of 22K gold = Price per Gram of 24K gold × (22 / 24)
   Price per Gram of 22K gold = 31,169.66 × (22 / 24) ≈ 28,570.11 Mauritanian ouguiya

5. Add the manufacturing cost

   Assume making charges are 2500 Mauritanian ouguiya per gram. The final price is:

   Final price of Gram 22K gold = Price per Gram of 22K gold + Making charges
   Final price of Gram 22K gold = 28,570.11 + 2500 = 31,070.11 Mauritanian ouguiya

Conclusion

The price of 1 Gram of 22K gold with making charges is approximately 31,070.11 Mauritanian ouguiya.

Gold Making Charges in Mauritania

The gold making charges in Mauritania are an essential aspect to consider when purchasing gold jewelry or investment pieces. Typically, these charges are expressed as a percentage of the gram price of gold, which can vary depending on the jeweler and the complexity of the design. Generally, making charges can range from 10% to 20% of the gram price, significantly influencing the overall cost.

For instance, if the current market price of gold is approximately 30,000 MRU (Mauritanian Ouguiya) per gram, the making charges could be calculated as follows: a 15% charge would equal an additional 4,500 MRU per gram. Therefore, the total price per gram of gold, including making charges, would amount to around 34,500 MRU.

It is advisable for buyers to shop around and compare making charges among different jewelers to ensure they are getting a fair deal. Additionally, understanding these charges can help buyers make informed decisions about their gold purchases in Mauritania.