Gold Price per Ounce 24K in Vietnam (999)

How to Calculate the Price of Ounce 24K Gold in Vietnam

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., 2,674)

2. Convert the price of gold from United States dollar to Vietnamese dong

   Assume the exchange rate is 25,389 Vietnamese dong per United States dollar. Use the formula:

   Gold price in Vietnamese dong = Gold price in United States dollar × United States dollar to Vietnamese dong exchange rate
   Gold price in Vietnamese dong = 2,674 × 25,389 = 67,899,838 Vietnamese dong per ounce 24K

3. Add the manufacturing cost

   Assume making charges are 12500 Vietnamese dong per gram. The final price is:

   Making charges = making charges per gram × 31.1
   Making charges = 12500 × 31.1 = 388,750.00
   Final price of Ounce 24K gold = Price per Ounce of 24K gold + Making charges
   Final price of Ounce 24K gold = 67,899,837.93 + 388,750.00 = 68,288,587.93 Vietnamese dong

Conclusion

The price of 1 Ounce 24K gold with making charges is approximately 68,288,587.93 Vietnamese dong.

Gold Making Charges in Vietnam

In Vietnam, the gold making charges are typically expressed as a percentage of the gram price of gold. These charges can vary based on a number of factors, including the design complexity and the jeweler's reputation. Generally, the making charges can range from 5% to 15% of the total gold price per gram. For instance, if the current price of gold is around 60,000,000 VND per kilogram, this translates to approximately 60,000 VND per gram.

Considering the making charges, if a jeweler applies a 10% rate, the absolute making charge would amount to about 6,000 VND per gram, making the total cost of a custom piece of gold jewelry increase significantly. It is essential for buyers to inquire about these charges upfront, as they can have a substantial impact on the overall cost of purchasing gold jewelry. Overall, understanding gold making charges in Vietnam is crucial for consumers looking to make informed decisions when buying gold.