Gold Price per Gram 14K in Oman (585)

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

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., 2,673)

2. Convert the price of gold from United States dollar to Omani Rial

   Assume the exchange rate is 0 Omani Rial per United States dollar. Use the formula:

   Gold price in Omani Rial = Gold price in United States dollar × United States dollar to Omani Rial exchange rate
   Gold price in Omani Rial = 2,673 × 0 = 1,029 Omani Rial 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 Omani Rial / 31.1
   Price per gram of 24K = 1,029 / 31.1 ≈ 33.09 Omani Rial

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 = 33.09 × (14 / 24) ≈ 19.29 Omani Rial

5. Add the manufacturing cost

   Assume making charges are 75 Omani Rial 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 = 19.29 + 75 = 94.29 Omani Rial

Conclusion

The price of 1 Gram of 14K gold with making charges is approximately 94.29 Omani Rial.

Gold Making Charges in Oman

The gold making charges in Oman are an important factor to consider when purchasing gold jewelry. Typically, these charges are presented as a percentage of the gram price of gold. In Oman, the making charges can vary widely based on the type of jewelry and the intricacy of the design. Generally, the making charges can range from 5% to 15% of the gold price per gram.

For example, if the current market price of gold is OMR 25 per gram, the making charges could add an additional OMR 1.25 to OMR 3.75, depending on the percentage applied. Therefore, the approximate absolute value of making charges can fall within the range of OMR 1.25 to OMR 3.75 per gram of gold purchased.

It is advisable for buyers to inquire about the specific making charges applicable to their selected jewelry piece, as these charges can impact the overall cost significantly. Understanding both the market price of gold and the associated making charges will help customers make more informed purchasing decisions when buying gold jewelry in Oman.