Gold Price per Ounce 22K in Pakistan (916)

How to Calculate the Price of Ounce 22K Gold in Pakistan

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., 2,691)

2. Convert the price of gold from United States dollar to Pakistani Rupee

   Assume the exchange rate is 280 Pakistani Rupee per United States dollar. Use the formula:

   Gold price in Pakistani Rupee = Gold price in United States dollar × United States dollar to Pakistani Rupee exchange rate
   Gold price in Pakistani Rupee = 2,691 × 280 = 752,870 Pakistani Rupee per ounce 24K

3. 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 Ounce of 22K gold = Price per Ounce of 24K gold × (22 / 24)
   Price per Ounce of 22K gold = 752,869.71 × (22 / 24) ≈ 690,080.38 Pakistani Rupee

4. Add the manufacturing cost

   Assume making charges are 1250 Pakistani Rupee per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 1250 × 31.1 = 38,875.00
   Final price of Ounce 22K gold = Price per Ounce of 22K gold + Making charges
   Final price of Ounce 22K gold = 690,080.38 + 38,875.00 = 728,955.38 Pakistani Rupee

Conclusion

The price of 1 Ounce 22K gold with making charges is approximately 728,955.38 Pakistani Rupee.

Gold Making Charges in Pakistan

In Pakistan, the gold making charges are an essential factor to consider when purchasing gold jewelry. These charges are typically levied as a percentage of the gold price per gram and can vary depending on the jeweler's reputation, the complexity of the design, and other factors.

On average, making charges range from 8% to 15% of the gold price per gram. For instance, if the current market price of gold is approximately PKR 15,000 per gram, the making charges could amount to around PKR 1,200 to PKR 2,250 per gram. This translates to an approximate total cost of between PKR 16,200 to PKR 17,250 per gram of jewelry, depending on the making charges applied.

It's essential for consumers to inquire about the specific making charges before making a purchase, as these can significantly affect the overall cost of the jewelry. Understanding these charges helps buyers make informed decisions and budget accordingly for their gold purchases.