Gold Price per Ounce 14K in Tunisia (585)

How to Calculate the Price of Ounce 14K Gold in Tunisia

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 Tunisian Dinar

   Assume the exchange rate is 3 Tunisian Dinar per United States dollar. Use the formula:

   Gold price in Tunisian Dinar = Gold price in United States dollar × United States dollar to Tunisian Dinar exchange rate
   Gold price in Tunisian Dinar = 2,691 × 3 = 8,675 Tunisian Dinar per ounce 24K

3. 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 Ounce of 14K gold = Price per Ounce of 24K gold × (14 / 24)
   Price per Ounce of 14K gold = 8,675.15 × (14 / 24) ≈ 5,057.62 Tunisian Dinar

4. Add the manufacturing cost

   Assume making charges are 65 Tunisian Dinar per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 65 × 31.1 = 2,021.50
   Final price of Ounce 14K gold = Price per Ounce of 14K gold + Making charges
   Final price of Ounce 14K gold = 5,057.62 + 2,021.50 = 7,079.12 Tunisian Dinar

Conclusion

The price of 1 Ounce 14K gold with making charges is approximately 7,079.12 Tunisian Dinar.

Gold Making Charges in Tunisia

The gold making charges in Tunisia are an important consideration for buyers and investors in jewelry and gold products. Typically, these charges are calculated as a percentage of the gram price of gold, which fluctuates based on market conditions. In Tunisia, the making charges can range from 5% to 15% of the gold price per gram, depending on the complexity of the design and craftsmanship involved in the piece. For instance, if the current price of gold is approximately 150 Tunisian Dinars (TND) per gram, the making charges could therefore add an additional 7.5 TND to 22.5 TND per gram, reflecting the different percentage rates applied.

These charges contribute significantly to the overall cost of gold jewelry, and customers should be aware of them when purchasing. It is advisable to inquire about the specific making charges beforehand, as they can vary among jewelers and specific items. Understanding these charges can help buyers make informed decisions, ensuring they get good value for their investment in gold jewelry.