Gold Price per Gram 21K in Turkey (875)

How to Calculate the Price of Gram 21K Gold in Turkey

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 Turkish lira

   Assume the exchange rate is 34 Turkish lira per United States dollar. Use the formula:

   Gold price in Turkish lira = Gold price in United States dollar × United States dollar to Turkish lira exchange rate
   Gold price in Turkish lira = 2,721 × 34 = 92,588 Turkish lira 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 Turkish lira / 31.1
   Price per gram of 24K = 92,588 / 31.1 ≈ 2,977.11 Turkish lira

4. Convert the price from 24K to 21K gold

   Since 21K gold is 21 parts gold out of 24, the price for 21K gold is:

   Price per Gram of 21K gold = Price per Gram of 24K gold × (21 / 24)
   Price per Gram of 21K gold = 2,977.11 × (21 / 24) ≈ 2,604.97 Turkish lira

5. Add the manufacturing cost

   Assume making charges are 65 Turkish lira per gram. The final price is:

   Final price of Gram 21K gold = Price per Gram of 21K gold + Making charges
   Final price of Gram 21K gold = 2,604.97 + 65 = 2,669.97 Turkish lira

Conclusion

The price of 1 Gram of 21K gold with making charges is approximately 2,669.97 Turkish lira.

Gold Making Charges in Turkey

The gold market in Turkey is known for its vibrant trade and dynamic pricing structures. When purchasing gold jewelry, customers often encounter gold making charges, which can significantly influence the overall cost. These charges typically range between 5% to 15% of the gram price of gold, depending on various factors such as the weight, design complexity, and craftsmanship involved in the piece.

As of recent evaluations, the average gold price in Turkey is around 1,800 Turkish Lira per gram. Considering the making charges, if we take an average rate of 10%, the additional cost could amount to approximately 180 Turkish Lira per gram. Consequently, the total cost for a gram of gold jewelry would be around 1,980 Turkish Lira, which includes both the gold price and the making charge.

It's essential for buyers to be aware of these costs, as they can vary by retailer and influence the final purchasing decision. Understanding the gold making charges can help consumers make informed choices in their gold jewelry investments.