Gold Price per Gram 14K in Sri Lanka (585)

How to Calculate the Price of Gram 14K Gold in Sri Lanka

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., 2,721)

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

   Assume the exchange rate is 292 Sri Lanka Rupee per United States dollar. Use the formula:

   Gold price in Sri Lanka Rupee = Gold price in United States dollar × United States dollar to Sri Lanka Rupee exchange rate
   Gold price in Sri Lanka Rupee = 2,721 × 292 = 794,571 Sri Lanka Rupee 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 Sri Lanka Rupee / 31.1
   Price per gram of 24K = 794,571 / 31.1 ≈ 25,548.90 Sri Lanka Rupee

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 = 25,548.90 × (14 / 24) ≈ 14,895.01 Sri Lanka Rupee

5. Add the manufacturing cost

   Assume making charges are 50 Sri Lanka Rupee 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 = 14,895.01 + 50 = 14,945.01 Sri Lanka Rupee

Conclusion

The price of 1 Gram of 14K gold with making charges is approximately 14,945.01 Sri Lanka Rupee.

Gold Making Charges in Sri Lanka

In Sri Lanka, gold making charges can significantly impact the overall cost of purchasing gold jewelry. These charges are usually expressed as a percentage of the gram price of gold, which fluctuates based on international market rates. Typically, the making charges range from 10% to 20% of the gold price per gram. This means that if the gold price is around 15,000 LKR (Sri Lankan Rupees) per gram, the making charges could approximately add an extra 1,500 LKR to 3,000 LKR to the total price, depending on the complexity of the design and craftsmanship involved.

For high-end or intricately designed pieces, the making charges could be on the higher end of the spectrum, while simpler designs may incur lower charges. Customers should always inquire about the making charges before purchasing, as these fees can vary significantly among different jewelers. Understanding these charges helps buyers make informed decisions and ensures transparency in the pricing of gold jewelry in Sri Lanka.