Gold Price per Ounce 21K in Niger (875)

Last update: Thursday, 12 December 2024, 6:56 AM According to the time zone of Dakar

1,480,707.04 West African CFA Franc/Ounce 21K
Live
2,377.90 U.S. Dollar/Ounce 21K

Gold price per Ounce 21K in Niger is 1,480,707.04 West African CFA Franc (XOF) per Ounce 21K.

This page shows the current today's gold price per Ounce 21K in Niger in West African CFA Franc (XOF). Gold karat 21 contains 87.5% of gold. Gold 21K is also called 875 gold.

Gold Price per Ounce 21K in Niger in West African CFA Franc and Other Major Currencies

Gold Ounce 21K
West African CFA Franc 1,480,707.04
U.S. Dollar 2,377.90
Euro 2,266.31
British Pound 1,867.34

Gold Price Chart West African CFA Franc/Ounce 21K

Gold Price for 21K in Niger in West African CFA Franc For Different Units (Weights)

Gold 21K
Ounce 21K 1,480,707.04
Gram 21K 47,611.16
Kilogram 21K 47,611,158.77
Tola 21K 555,265.14

Gold price in Niger in December 2024 in West African CFA Franc/Ounce 21K

Date Gold Ounce 21K
11 December 2024 1,458,055.08 West African CFA Franc
10 December 2024 1,452,353.13 West African CFA Franc
9 December 2024 1,431,513.54 West African CFA Franc
8 December 2024 1,428,012.31 West African CFA Franc
7 December 2024 1,427,824.31 West African CFA Franc
6 December 2024 1,442,739.38 West African CFA Franc
5 December 2024 1,446,094.64 West African CFA Franc
4 December 2024 1,441,517.01 West African CFA Franc
3 December 2024 1,431,643.03 West African CFA Franc
2 December 2024 1,424,952.44 West African CFA Franc
1 December 2024 1,438,804.57 West African CFA Franc
30 November 2024 1,440,947.91 West African CFA Franc
29 November 2024 1,447,425.08 West African CFA Franc
28 November 2024 1,435,439.45 West African CFA Franc
27 November 2024 1,436,551.50 West African CFA Franc
26 November 2024 1,441,088.67 West African CFA Franc
25 November 2024 1,473,047.85 West African CFA Franc
24 November 2024 1,494,025.59 West African CFA Franc
23 November 2024 1,482,044.16 West African CFA Franc
22 November 2024 1,462,918.63 West African CFA Franc
21 November 2024 1,446,480.73 West African CFA Franc
20 November 2024 1,429,650.33 West African CFA Franc
19 November 2024 1,420,873.36 West African CFA Franc
18 November 2024 1,409,938.97 West African CFA Franc
17 November 2024 1,395,082.70 West African CFA Franc
16 November 2024 1,396,102.68 West African CFA Franc
15 November 2024 1,396,049.24 West African CFA Franc
14 November 2024 1,384,136.29 West African CFA Franc
13 November 2024 1,386,975.30 West African CFA Franc
12 November 2024 1,401,321.86 West African CFA Franc

How to Calculate the Price of Ounce 21K Gold in Niger

  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., 2,718)

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

    Assume the exchange rate is 623 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 = 2,718 × 623 = 1,692,237 West African CFA Franc per ounce 24K
  3. 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 Ounce of 21K gold = Price per Ounce of 24K gold × (21 / 24)
    Price per Ounce of 21K gold = 1,692,236.62 × (21 / 24) ≈ 1,480,707.04 West African CFA Franc
  4. 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 21K gold = Price per Ounce of 21K gold + Making charges
    Final price of Ounce 21K gold = 1,480,707.04 + 77,750.00 = 1,558,457.04 West African CFA Franc
  5. Conclusion

    The price of 1 Ounce 21K gold with making charges is approximately 1,558,457.04 West African CFA Franc.

Gold Making Charges in Niger

In Niger, gold making charges are an essential factor to consider when purchasing gold jewelry or ornaments. These charges typically constitute a percentage of the gold price per gram. On average, the making charges can range between 10% to 15% of the gold price. This percentage can fluctuate based on the intricacy of the design, the skill level of the artisans, and the overall quality of workmanship involved in the creation of the gold item.

To illustrate the absolute value of these charges, consider that the price of gold per gram in Niger may be around 30,000 Nigerien Francs (XOF). Assuming a making charge of 12%, the making charge per gram would then be approximately 3,600 XOF. This means that for every gram of gold, consumers could expect to pay around this amount in making charges in addition to the gold price itself.

Therefore, when buying gold in Niger, it is advised to inquire about the making charges upfront to understand the total cost effectively.