Gold Price per Ounce 22K in Sri Lanka (916)

How to Calculate the Price of Ounce 22K 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., 2,660)

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

   Assume the exchange rate is 293 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 = 2,660 × 293 = 778,976 Sri Lanka 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 = 778,976.06 × (22 / 24) ≈ 714,009.46 Sri Lanka Rupee

4. Add the manufacturing cost

   Assume making charges are 50 Sri Lanka Rupee per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 50 × 31.1 = 1,555.00
   Final price of Ounce 22K gold = Price per Ounce of 22K gold + Making charges
   Final price of Ounce 22K gold = 714,009.46 + 1,555.00 = 715,564.46 Sri Lanka Rupee

Conclusion

The price of 1 Ounce 22K gold with making charges is approximately 715,564.46 Sri Lanka Rupee.